Issue of Equity (2985Z)
January 11 2011 - 12:26PM
UK Regulatory
TIDMIMTK
RNS Number : 2985Z
Imaginatik PLC
11 January 2011
Imaginatik plc
("Imaginatik" or the "Company")
Issue of equity
Imaginatik (AIM: IMTK), a leading provider of enterprise
collaborative software and processes, announces that application
has been made to London Stock Exchange plc for 3,000,000 new
ordinary shares of 0.0625p per share ("New Ordinary Shares") to be
admitted to trading on AIM. Dealings in the New Ordinary Shares are
expected to commence at 8.00 a.m. on 17 January 2011
("Admission").
The New Ordinary Shares have been issued to Matt Cooper, the
Company's Executive Chairman at 1.5p per share. The Company intends
that the net proceeds of the issue will be used for working capital
purposes. Following Admission, Matt Cooper will own 17.811,922
ordinary shares, representing approximately 8.3 per cent of the
Company's issued share capital.
Following Admission, the Company will have 215,557,208 Ordinary
Shares in issue, which figure may be used by shareholders, from
Admission, as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company
under the FSA's Disclosure and Transparency Rules.
For further information, please contact:
Imaginatik plc 020 7917 2975
Shawn Taylor, CFO
Arbuthnot Securities Limited 020 7012 2000
Tom Griffiths/Richard Johnson
Threadneedle Communications 020 7653 9840
Caroline Evans-Jones/Hilary
Millar
About Imaginatik
Imaginatik is a leading provider of web-based enterprise
collaboration software. Imaginatik's core software, Idea Central,
is designed to help companies focus on idea generation towards
strategic business objectives and to share, develop and review
those ideas across the organisation. Some of the world's largest
organisations such as Merck, Dow, Chevron, General Electric and
Cargill use Imaginatik's software, consulting and leading-edge
research to enable their best-of-breed innovation, cost-reduction
and process improvement activities.
Having been named as a World Economic Forum Technology Pioneer
and a finalist for the IBM Lotus Awards 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. Imaginatik is also
committed to developing strategic solutions in the field of
innovation, working with academic institutions such as the Hult
Business School in Boston, and the Cass School of Business, London,
as well as leading practitioners of corporate innovation.
For further information please visit
http://www.imaginatik.com
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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