SYNCHRONICA PLC 
By 30 April 2012
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
RECOMMENDED INCREASED SHARE OFFER
FOR SYNCHRONICA PLC ("SYNCHRONICA")
BY MYRIAD GROUP AG ("MYRIAD")
Extension of the Offer
On 7 March 2012, the Board of Myriad announced the terms of its recommended increased share offer for the entire issued and to be issued share capital of Synchronica. Under the terms of the Offer, Synchronica Shareholders will receive 4.83 New Myriad Shares for every 100 Synchronica Shares.
Extension of the Offer
The Board of Myriad announces today that the Offer has been extended to 1.00 p.m. London time (corresponding to 8.00 a.m. Toronto time) on 15 May 2012, which it is anticipated will be the last day of dealings in Synchronica Shares on AIM.
De-listing
Synchronica has applied to the London Stock Exchange for the cancellation of trading in the Synchronica Shares on AIM. It is anticipated that the last day of dealings in Synchronica Shares will be 15 May 2012 and that such cancellation will take effect at 7.00a.m on 16 May 2012
Further Announcement
A further announcement regarding the level of acceptances as at 1.00 p.m. London time on 30 April 2012, being the Third Closing Date of the Offer, will be made no later than 6.30 p.m. London time on 30 April 2012.
Action to be taken
The Board of Myriad urges Synchronica Shareholders to accept the Offer without delay.
Capitalised terms used in this announcement have the meanings ascribed to them in the Offer Document and Revised Offer Document.
Enquiries:
Myriad Group AG | |
Simon Wilkinson (Chief Executive Officer) | |
James Bodha (Chief Financial Officer) | |
Zeus Capital Limited | |
Richard Hughes | Tel: 0161 831 1512 |
Nick Cowles | www.zeuscapital.co.uk |
Andrew Jones |
Zeus Capital, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Myriad and for no one else in connection with the Offer and is not advising any other person or treating any other person as its client in relation thereto and will not be responsible to anyone other than Myriad for providing the protections afforded to clients of Zeus Capital, or for giving advice to any other person in relation to the Offer, the contents of this announcement or any other matter referred to herein.
This announcement is not intended to and does not constitute an offer to sell, or form part of, or constitute the solicitation of an offer to purchase or subscribe for or an invitation to purchase, any securities.
This announcement does not constitute a prospectus or a prospectus equivalent document. Shareholders are advised to read carefully the formal documentation in relation to the Offer. The Offer has been made solely through the Original Offer Document, the accompanying Forms of Acceptance and the Revised Offer Document, which contain the full terms and conditions of the Offer, including details of how to accept the Offer. Please read carefully the Original Offer Document, the accompanying Forms of Acceptance, the Revised Offer Document and the Synchronica Shareholder Circular in their entirety before making a decision with regards to the Offer. Any acceptance or other response to the proposals should be made on the basis of the information in the Original Offer Document, the accompanying Forms of Acceptance, the Revised Offer Document and the Synchronica Shareholder Circular.
Publication on website
A copy of this announcement is available free of charge on Myriads website at www.myriadgroup.com/investors/share-offer-synchronica.aspx
And on Synchronica's website at
www.synchronica.com
This information is provided by RNS
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