GETM Getmobile

    RNS Number : 0262E
  Getmobile Europe PLC
  22 September 2008
   

    Not for release, publication or distribution directly or indirectly in whole or in part in, into or from the United States, Canada,
Australia, the Republic of South Africa or Japan. This announcement is not an offer to sell, or a solicitation of an offer to buy,
securities in the United States or in any other jurisdiction.


    22 September, 2008


    GETMOBILE EUROPE PLC 
    ("getmobile" or "the Company")

    Publication of PROSPECTUS AND CANCELLATION OF IEX LISTING 

    In the announcement of the Company's results for the year ended 31 December 2007 (issued on 8 April, 2008) the directors of getmobile
(the "Directors") advised shareholders that in excess of 50% of getmobile's shares were then held by shareholders in Germany and continental
Europe, reflecting a major shift in the composition of the share register since 2005 when getmobile acquired getmobile AG, at which time the
vast majority of our shareholders were based in the UK or Ireland.

    Following a thorough review, in association with all our advisers, the Directors formed the view that this heightened interest in the
Company's shares in Germany was due in large measure to the strong awareness of the Company via its television advertising and getmobile.de,
our principal mobile phone contract website which generates enormous page view and unique visitor numbers (source Google, double click). 
Moreover, the Directors advised shareholders that we would endeavour to enhance the marketability of the Company's shares in Germany.

    Without an approved, EU directive compliant prospectus, current German regulations restrict the marketing of our shares in Germany,
despite being quoted in London and Dublin. As our AIM (London Stock Exchange) and IEX (Irish Stock Exchange) admission document of August
2005 (which was the basis for admission of the Company's shares to trading on the London and Dublin Stock Exchanges following the reverse
take-over of getmobile AG) is not deemed to be a prospectus under the relevant EU directive it is therefore not adequate nor valid to be
relied upon to facilitate the marketing of the Company's shares in Germany.  Naturally this has proved frustrating.

    The only solution to facilitate the proactive development of the shareholder interest and base in Germany by means of active marketing
was to prepare and publish a prospectus in compliance with the relevant EU directives to be approved by the UK Listing Authority. We are
pleased to announce the publication of this prospectus today (although it is important to note that no new Ordinary Shares are being
issued). A copy of the prospectus will shortly be available for inspection on the Company's website at www.getmobile-europe.com

    The prospectus will allow us to enhance the marketability of our shares in Germany and in this regard we also intend to make application
for our shares to be traded on the Deutsche Bourse in Frankfurt (on the entry standard which is broadly similar to AIM and IEX). We look
forward to proactively marketing our shares in Germany where all our operations are based. A further announcement will be made in relation
to the commencement of trading on the Entry Standard in due course. 

    The IEX market in Dublin uses the Xetra trading platform which is also used by the Deutsche Bourse. As it is not technically possible
for this trading platform to allow dual trading at present, we reluctantly propose to cancel the admission of our shares on IEX with effect
from 22 October, 2008 to facilitate our proposed Deutsche Bourse quote. While we understand that the inability to enjoy a dual IEX and
Deutsche Bourse quote may change in the future we have, in conjunction with our advisers, decided to pursue the marketing of our shares
through a Deutsche Bourse quote at this time as your board believes it is in the best interests of the Company and its shareholders, and
moreover, we announced our commitment to enhance the marketability of our shares in Germany to shareholders in April of this year. We are
pleased to retain Davy as our broker, nominated adviser and principal financial adviser to our holding company in relation to our ongoing
AIM (London Stock Exchange) quote.  

    Terms defined in the Prospectus shall have the same meaning in this announcement.


    Enquiries:

 getmobile europe plc     +353 (0) 1 661 2671
 Pierce Casey
 Brian Stephens

 Davy                    + 353 (0) 1 679 6363
 Des Carville
 Stephen Barry


    This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for, any securities.  



This information is provided by RNS
The company news service from the London Stock Exchange
 
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