Completion of share Buyback & Capital Cancellation

RNS Number : 7549X

Messaging International Plc

20 February 2012

 



Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology

Messaging International Plc

('Messaging International' or 'the Company')

Completion of share Buyback and Capital Cancellation

Further to the announcements of 23 November 2011 and 16 December 2011, Messaging International, the AIM traded provider of innovative messaging services, announces the completion of the Buyback and Capital Cancellation.

As a result, 80,007,853 Ordinary Shares in the Company will be cancelled and the total number of Messaging International ordinary shares of 0.5 pence each in issue will be 155,872,147.  

In addition, in accordance with the terms of the Buyback Agreement, following completion of the Buyback, Pacific Continental Securities (UK) Limited ("Pacific") has been granted the Option to subscribe for up to 10,000,000 new Ordinary Shares at 0.5 pence per share exercisable in whole or in part, which will lapse on the earlier of three years from the date of grant or the date on which Pacific is dissolved.  Further details of the Buyback and Capital Cancellation can be found in the circular to shareholders dated 23 November 2011.  Capitalised terms used in this announcement are as defined in the circular to shareholders.

The Company confirms that current trading continues to be in line with management expectations.

**ENDS**

For further information visit www.telemessage.com or contact:

Guy Levit	Messaging International Plc	Tel: + 972 3 9225252
Mark Percy	Seymour Pierce Limited	Tel: [phone]
Catherine Leftley	Seymour Pierce Limited	Tel: [phone]
Elisabeth Cowell	St Brides Media & Finance Ltd	Tel: [phone]

 

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