Worldlink Admitted to Standard Listing on LSE

RNS Number : 6417S

Worldlink Group Plc

24 November 2011

 



Worldlink Group Plc Admitted to Standard Segment of the London Stock Exchange

24 November 2011 f the London Stock Exchange.  The Company's shares are expected to commence trading under symbol WGP at 8.00am (GMT) on 24 November 2011. 

Neil Riches, Managing Director, commented, "This is an important time for Worldlink as it works towards commercialising its intellectual property.  Our objective now is to grant licences to parties infringing our patents.  We will work with our legal advisers to bring proceedings against those that refuse. 

"We are delighted with our admission to the LSE Standard market and consider that it marks a significant step for the company and will prove a good platform from which to build our business.  We hope it will raise our profile, give us exposure to a wider investment audience and, in turn, provide our shareholders with improved liquidity." 

The market capitalisation at listing is anticipated to be circa £55m and the opening share price approximately £2.50. 

ABOUT WORLDLINK GROUP PLC

Worldlink is a technology company that provides a platform service through which it and third parties can deliver financial data and trading applications to consumers.  The Group owns intellectual property in the mobile telecommunication sector for the transmission of automatically updated, real time data where the user selects the information he wishes to receive.  The UK and US patent numbers are GB 23 58 768 and US 7 194 468.

For more information about Worldlink and its businesses or to access a full copy of the prospectus please visit www.worldlink-data.com 

For further information, please contact:

Neil Riches                                                       Tel: [phone]

Managing Director

Worldlink Group plc

Phil O'Connell                                                  Tel: [phone]

Bridgehall Securities

Mike Wort / Anna Dunphy                                Tel: [phone]

De Facto Financial

 

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