15th Jan 2008 16:16
Synchronica PLC15 January 2008 15 January 2008 Synchronica PLC ("Synchronica" or the "Company") Placing of 30 million new ordinary shares to raise £1.875million Synchronica (AIM: SYNC) is pleased to announce that it has raised £1.875million, before expenses, via a placing of 30,000,000 new Ordinary Shares of 1peach at a price of 6.25p per share to Lanstead Partners L.P. as announced in theEGM Notice on 26 October 2007. In addition, as previously announced in the EGM Notice of 26 October 2007,Synchronica will enter an equity swap to retain over the next twenty four monthsmuch of the economic value of the shares issued. The Company will also issue andallot 3,000,000 new Ordinary Shares of 1p each in lieu of fees for setting upthe equity swap. The shares are expected to commence trading on 16 January 2008. The total numberof shares in issue and therefore the total number of voting rights uponadmission of the 33,000,000 ordinary shares will be 117,021,049 ordinary shares. The proceeds of the placing will be used to provide additional funds to furtherdevelop the Company's business and in particular to provide sufficient workingcapital to enable the Company to fully support existing and new users of itssoftware and to add new features to its software to ensure the Company remainscompetitive.Enquiries: Synchronica plcCarsten Brinkschulte, CEO +44 (0) 1892 552 799 +44 (0) 7977 256 406Angus Dent, CFO +44 (0) 1892 552 760 +44 (0) 7977 256 347Nicole Meissner, CMO +44 (0) 1892 552 780 +44 (0) 7977 256 412 Seymour Pierce Limited David Newton +44 (0) 20 7107 8000Parimal Kumar Corfin CommunicationsNeil Thapar, William Cullum, +44 (0) 20 7977 0020Alexis Gore About Synchronica Synchronica plc develops and markets industry standard synchronisation anddevice management solutions for mobile operators, device manufacturers, andenterprises. Its product portfolio ranges from data synchronization (DS) todevice management (DM) and firmware update over the air (FOTA). Products includethe mobile device management suite Mobile Manager and the Push Email andsynchronization solution Mobile Gateway. Headquartered in the UK with adevelopment centre in Germany, and offices in Hong Kong, US and Dubai.Synchronica plc is a public company traded on the AIM list of the London StockExchange (SYNC.LN). More information is available at www.synchronica.com. About Synchronica Mobile Gateway Synchronica's Mobile Gateway is a carrier-grade middleware solution providingpush e-mail and synchronisation services. Based on the open industry standardsSyncML and IMAP, Mobile Gateway is compatible with a wide range of mobiledevices from leading device manufacturers, such as Nokia, Sony Ericsson,Motorola, and Apple, without requiring additional client software to beinstalled on the device or behind the firewall. Today more than 400 devicemodels and 1.3 billion devices support the industry standard. Synchronica offers Mobile Gateway to operators, device manufacturers, andenterprises, enabling their mobile users to send and receive email from consumermailboxes (AOL, Gmail, and others), as well as to synchronise their calendar andcontact data with business systems like Microsoft Exchange, Lotus Domino, andSun Java Communications Suite. About Lanstead Partners L.P. Lanstead provides equity capital to assist publicly listed companies in meetingtheir objectives. More information is available at www.Lanstead.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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