Offer Lapsed

RNS Number : 6317Y

Worldlink Group Plc

02 March 2012

 



For immediate release: 2ndMarch 2012

Statement Pursuant to Rule 2.8 of the City Code on Takeovers and Mergers

The One Media Technology Corporation not proceeding with possible offer for Worldlink Group plc

On 3^rd February 2012 Worldlink Group plc ("Worldlink") announced that it had been approached by The One Media Technology Corporation ("One Media") with a view to a possible offer for all of the outstanding share capital of Worldlink. The deadline for making a statement as to whether that approach would lead to either a firm intention to make an Offer or announce that One Media does not intend to make an Offer for Worldlink is 5pm on the 2^nd March 2012.

The Directors of Worldlink announce that One Media have confirmed that they will not make the necessary offer within the required timetable and have withdrawn.

This announcement is made with the consent of the Directors of One Media.

For further information please contact:

Neil Riches                                                                                          01737 221 078

Managing Director

Worldlink Group Plc

David Papworth                                                                                 020 7101 7676

City & Merchant Limited

Corporate Advisor                                                                           

Mike Wort/Anna Dunphy                                                              0207 556 1063/4

De Facto Financial

Notes to Editors

About Worldlink

Worldlink is one of the UK's leading real-time mobile applications companies with patented technology that allows information held on the mobile device to be updated automatically without the need for a manual refresh. Information is delivered via a mobile telecommunications network in real time, whilst intelligently minimising the bandwidth required to transmit the data.  The technology is patent protected in the US and UK and is patent pending in Europe.

Worldlink has already licensed its patents to leading institutions in the financial and technology sectors and is furthering this process in the UK, Europe, and the US, where partnerships have already been put into place.

For more information about Worldlink and its businesses please visit www.worldlink-data.com and www.worldlink-sports.com 

 

END

 

 

OLAUUVNRUSAORAR