ABAL Abal Group Plc

    RNS Number : 5107K
  Imaginatik PLC
  19 December 2008
   

    Imaginatik Plc (the "Company") 

    Non-executive Director Letters of Appointment 

    19 December 2008

    Further to the announcement made by the Company on 24 June 2008, under the terms of the non-executive directors' letter of appointment
dated 11 December 2006 in respect of Mr Howard Marshall and Mr Paul Morland (the "Non-Executive Directors"), it was agreed that the
Non-Executive Directors would receive new Ordinary shares of 0.0625p in the Company in respect of each subsequent six month period following
the end of the initial 12 month term to the value of �15,000 in the case of Mr Marshall and �12,500 in the case of Mr Morland. 

    These Ordinary Shares were to be issued at the average mid market closing price of an Ordinary Share as derived from the London Stock
Exchange's Daily Official List for the last five days of such period and within 20 business days of the expiry of the relevant period. 

    Consequently, at an average price of 2.125p being the average price of an Ordinary Share in Imaginatik over the five dealing days prior
to and including 10 December 2008 being 4 December 2008 to 10 December 2008, a total of 1,294,118 new Ordinary Shares have today been
issued. 705,882 Ordinary Shares have been issued to Mr Marshall and 588,235 Ordinary Shares to Mr Morland. The shareholdings of the
Non-Executive Directors before, and after, this issue of Ordinary Shares are as follows: 

 Non-Executive Director    Number of Ordinary     % of issued share    Number of Ordinary     % of issued share
                         Shares held prior to               capital           Shares held      capital as at 22
                          Non-Executive share                                   following         December 2008
                                      issue                           Non-Executive share
                                                                                  issue  
 Howard Marshall                    1,674,123                  1.33             2,380,005                  1.79
 Paul Morland                         824,563                  0.66             1,412,798                  1.06

    Application for admission of 1,294,118 new Ordinary Shares ("Admission") has been made and is expected to occur on 29 December 2008. 

    Following Admission, the Company will have 132,671,917 Ordinary Shares in issue. 

    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. 

    Enquiries: 

    Imaginatik Plc 
    Shawn Taylor, CFO
    0207 917 2975 

    www.imaginatik.com 

    W.H. Ireland 
    Katy Birkin 
    0121 265 6330 

    Investor relations and UK media 
    ICIS 
    Tom Moriarty/Caroline Evans-Jones 
    0207 651 8688 


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