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Market: AIM
Sector: Technology Hardware & Equipment
EPIC: SYNC
Latest Price: 0.00p  (0,00%)
52-week High: 23.50p
52-week Low: 4.63p
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Synchronica plc
www.synchronica.com

 

Synchronica plc is a global innovator in next-generation mobile messaging technologies. Its flagship product, Unity, been chosen by more than 100 of the world's leading mobile operators and OEMs to power their own-branded push email, instant messaging, and social networking services.

 

With leading features such as Unified Messaging, Geo Socialization, and RCS as a Service, Unity connects to any mobile device - from the most basic mobile phone, to high-end tablets - providing customers with a strong foundation on which to achieve market differentiation, diversified revenue streams, and reduced churn.

 

Headquartered in the United Kingdom, Synchronica maintains global research and development centres in Canada, Germany, India, and the Philippines. Synchronica's shares trade on the London Stock Exchange AIM market (SYNC) and the Venture Exchange of the Toronto Stock Exchange (SYN).

 

Full Synchronica plc profile here
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Synchronica receives firm offer from Swiss group

1st Feb 2012, 7:36 am by Philip Whiterow The Swiss firm has made an all-share bid worth 13p per share.

Mobile messaging firm Synchronica (LON:SYNC) advised shareholders to take no action after Swiss rival Myriad firmed-up its initial approach into a full takeover offer.

The Swiss firm has made an all-share bid worth 13p per share, valuing Synchronica at about £20.6 million.

Myriad added that it will continue discussions with Synchronica’s board to try and get the offer recommended by the directors.

Previously, Synchronica’s board had rebuffed the approach and two weeks ago the firm issued a bullish trading update stating it expected latest full-year revenues to be marginally ahead of market expectations.

Myriad said a merger would give Synchronica shareholders an investment in a company with a larger established base of installed products, a global spread of revenues and a stronger balance sheet.

It added that Synchronica had an obligation to pay deferred acquisition consideration to Nokia of approximately US$20.2 million before 31 December 2015 and does not believe in its current financial position and with its future prospects, Synchronica will be able to repay the Nokia debt.

Simon Wilkinson, Myriad’s chief executive said:  "We view our all share offer as attractive to the shareholders of Synchronica.” 

“It represents a significant premium to Synchronica's volume-weighted average share price in November and December 2011 and a compelling value proposition, affording Synchronica shareholders continued participation in a combined business that we consider will be a leader in mobile software technology, with an enhanced product portfolio and cross-selling opportunities.” 

 

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