TIDMIMTK
RNS Number : 9954W
Imaginatik PLC
08 February 2012
8 February 2012
Imaginatik Plc
("Imaginatik" or "the Company")
Issue of Equity
Imaginatik plc (AIM:IMTK), a leading provider of enterprise
innovation services including a range of technology products and
consultancy, is pleased to announce that following demand from
certain existing and new investors, 85,505,352 new ordinary shares
of 0.0625p each in the Company ("Subscription Shares") have been
subscribed for at a price per share of 0.3 pence (the "Subscription
Price"), to raise GBP256,516 before expenses. The Company intends
that the net proceeds of the issue will be used for working capital
purposes.
Application has been made for the new Shares to be admitted to
trading on AIM, and dealings in the Subscription Shares are
expected to commence at 8.00 a.m. on 13 February 2012
("Admission"), following which the Company will have 513,032,110
Ordinary Shares in issue. This 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.
The Directors named below have subscribed for Subscription
Shares as set out below at the Subscription Price:
Name of Director Number of Subscription
Shares
conditionally subscribed
for
Simon Charles 3,284,270
Matt Cooper 22,327,693
David Gammon 7,442,564
Brian Hays 954,175
Shawn Taylor 893,108
Each Directors' interests in Ordinary Shares in the Company is
accordingly as follows:
Name Ordinary Options Agreement Aggregate Aggregate
of Director Shares to subscribe to subscribe interests percentage
held legally for new for Subscription in Ordinary of issued
or beneficially Ordinary Shares Shares share
Shares at Admission capital
at Admission
-------------- ----------------- -------------- ------------------ -------------- --------------
Simon
Charles 8,702,501 - 3,284,270 11,986,771 2.34
-------------- ----------------- -------------- ------------------ -------------- --------------
Matt
Cooper 32,811,922 3,125,000 22,327,693 58,264,615 11.36
-------------- ----------------- -------------- ------------------ -------------- --------------
David
Gammon 5,000,000 - 7,442,564 12,442,564 2.43
-------------- ----------------- -------------- ------------------ -------------- --------------
Nick - - - - -
Goss
-------------- ----------------- -------------- ------------------ -------------- --------------
Brian
Hays 6,000,000 - 954,175 6,954,175 1.36
-------------- ----------------- -------------- ------------------ -------------- --------------
Luis
Solis - 4,000,000 - 4,000,000 0.78
-------------- ----------------- -------------- ------------------ -------------- --------------
Shawn
Taylor 5,712,192 6,200,000 893,108 12,805,300 2.50
-------------- ----------------- -------------- ------------------ -------------- --------------
The interests of Mr Gammon set out above in ordinary shares
include those of his wife, Sarah Gammon.
The aggregate subscription by the Directors (the "Directors'
Participations") constitutes a related party transaction for the
purposes of the AIM Rules. Luis Solis, the Director who is deemed
to be independent for the purposes of this participation in the
subscription, considers, having consulted with Northland Capital
Partners Limited as the Company's nominated adviser, that the terms
of the Directors' Participations are fair and reasonable insofar as
Shareholders are concerned.
Executive Chairman of Imaginatik, Matt Cooper, commented, "We
have taken significant strides forward in recent months,
strengthening our team, investing in our technology products and
services and securing some of the world's largest businesses as
customers. We are delighted that this progress has resulted in
increased interest from employees and investors to fund the
Company. Imaginatik is in a strong position, with a good sales
pipeline and a motivated team and we continue to be focused on
delivering the positive results our shareholders deserve."
For further information please contact:
Imaginatik plc Tel: 020 7917
2975
Matt Cooper, Executive Chairman
/ Shawn Taylor, CFO
Northland Capital Partners Tel: 020 7796
Limited 8800
Gavin Burnell / Edward Hutton
Newgate Threadneedle Tel: 020 7653
9850
Caroline Evans-Jones / Hilary
Millar
About Imaginatik
Imaginatik provides a range of Innovation solutions comprised of
consultancy, enterprise software and program management to deliver
innovation results to companies such as The World Bank, NYSE, The
Chubb Group of Insurance Companies, Boeing, Pfizer, Goodyear,
Paccar, Kellogg and Cargill. Few companies possess the internal
capability to consistently generate fresh ideas, identify those
worth pursuing and reliably transform them into real,
value-enhancing assets. This is Imaginatik's area of expertise.
Imaginatik is a public company whose shares are traded on the
AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World
Economic Forum Technology Pioneer with offices in Boston, MA, and
Winchester, UK. For more information visit www.imaginatik.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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