Completion of share Buyback & Capital Cancellation (7549X)

TIDMMES

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     Tel: + 972 3 9225252 
                      Plc 
 Mark Percy          Seymour Pierce Limited      Tel: +44 (0) 20 7107 
                                                  8000 
 Catherine Leftley   Seymour Pierce Limited      Tel: +44 (0) 20 7107 
                                                  8000 
 Elisabeth Cowell    St Brides Media & Finance   Tel: +44 (0) 20 7236 
                      Ltd                         1177

This information is provided by RNS

The company news service from the London Stock Exchange

END

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