RNS Number : 5963C
  Imaginatik PLC
  03 September 2008
   

    Imaginatik Plc ("Imaginatik" or the "Company")

    Issue of Equity

    3 September 2008

    Imaginatik plc (AIM: IMGK), a leading provider of collaborative innovation and problem-solving software and processes, is pleased to
announce that it has raised approximately �222,000 before expenses by way of a conditional placing of 5,550,000 new Ordinary Shares of
0.0625p each (the "Placing Shares") at 4p per Placing Share from institutional placees. 

    The proceeds of the Placing will be invested in Imaginatik's sales operation in the UK and US in order to increase follow-through sales
to the Company's major Fortune 500 and FTSE 100 clients.

    Application for admission of the Placing Shares ("Admission") has been made and is expected to occur on 9 September 2008. The Placing is
conditional, amongst other things, on Admission becoming effective.

    Following Admission, the Company will have 131,377,799 Ordinary Shares in issue. The Placing Shares represent approximately 4.22 per
cent. of the enlarged issued share capital of the Company immediately following Admission and each of the Placing Shares will be credited as
fully paid and free from all liens, equities, charges, encumbrances and other interests and will, when issued, rank in full for all
dividends and distributions thereafter declared, made or paid after Admission and otherwise rank pari passu in all respects with, and carry
the same voting and dividend rights as, the existing Ordinary Shares.

    The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the Company. 

    The number of Placing Shares does not exceed the number of Ordinary Shares which the directors of Imaginatik are currently able to allot
and which can be allotted free from statutory rights of pre-emption under existing authorities from shareholders passed at the annual
general meeting of the Company which was held on 10 July 2008.

    The Placing is to be carried out on behalf of the Company by WH Ireland Limited ("WHI") on the terms of a placing agreement dated 2
September 2008 and which contains warranties and indemnities from the Company in relation to Admission, the Placing and certain aspects of
the Company's financial and trading position. Under this agreement, WHI has agreed to act as agent of the Company to use its reasonable
endeavours to procure subscribers for the Placing Shares. The Placing is not being underwritten. 


    Mark Turrell, Chief Executive of Imaginatik, commented: "Following an improved start to the current financial year we felt the time was
right to raise additional funds in order to capitalise on the current strong growth in the innovation and problem-solving market. Having
achieved a market leading position, with an extensive blue-chip client base and award-winning software, this timely funding injection from
our investors will enable an acceleration of our international growth plans creating additional long-term shareholder value."


    For further information please contact:  

 Imaginatik plc                         Tel: 020 7917 2975
 Mark Turrell, CEO / Shawn Taylor, CFO
 WH Ireland Limited                     Tel: 0121 265 6330
 Tim Cofman / Katy Birkin
 ICIS                                   Tel: 020 7651 8688
 Caroline Evans-Jones / Mike Smith

    About Imaginatik

    Imaginatik is the leading provider of innovation and collaborative problem solving software and process to the world's leading
companies. More than 100 clients rely on Imaginatik's software, consulting and research to enable their best-of-breed innovation
activities.

    Named as a World Economic Forum Technology Pioneer for 2008 and a finalist for the IBM Lotus Awards 2008 in the Best Industry Solution
category, Imaginatik's software and consulting services have helped clients discover significant sources of additional revenue, as well as
tangible cost savings, process improvements and increased product pipeline. Imaginatik is also committed to developing strategic solutions
in the field of innovation, working with academic institutions such as the London Business School and the Cass School of Business, London,
as well as leading practitioners of corporate innovation.

    For further information please visit www.imaginatik.com
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