Last checked at 2 Mar 2012 16:56
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 3rd 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 2nd 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that One Media have confirmed that they will not make the necessary offer within the required timetable and have withdrawn.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