Imaginatik PLC Proposed Share Consolidation and Notice of AGM (9144M)

TIDMIMTK

RNS Number : 9144M

Imaginatik PLC

22 July 2014

Imaginatik Plc

("Imaginatik" or the "Company")

Proposed Share Consolidation and

Notice of Annual General Meeting

Imaginatik plc (AIM: IMTK.L), the world's first full service innovation provider offering a range of technology products and consultancy, has posted a circular to shareholders containing the notice of annual general meeting ("AGM") of the Company ("Circular") and which sets out details of a proposed consolidation of the Company's share capital ("Share Capital Reorganisation").

Under the Share Capital Reorganisation it is proposed that every 80 existing ordinary shares of 0.0625 pence each will be consolidated into one new ordinary share of 5 pence each, with any fractional entitlements arising from the Share Capital Reorganisation being aggregated and sold in the market on behalf of the relevant Shareholders.

The Board believes that the Share Capital Reorganisation will result in a more appropriate number of shares in issue for a company of Imaginatik's size on AIM. The Share Capital Reorganisation may also help to make the Ordinary Shares more attractive to investors and may result in a narrowing of the bid/offer spread, thereby improving liquidity.

The Share Capital Reorganisation is subject to the approval of shareholders at the AGM which is being held at 12.00 p.m. on 14 August 2014 at the offices of Marriott Harrison LLP, at 11 Staple Inn, London WC1V 7QH. If the resolution is approved, trading in the Capital Reorganisation Shares should begin at 8.00 a.m. on 15 August 2014 with ISIN GB00BP8XY588.

The Capital Reorganisation Shares will have the same rights and benefits as the Ordinary Shares. Each Shareholder who holds 80 or more Ordinary Shares will be issued with Capital Reorganisation Shares. Such Shareholder's proportionate interest in the Company's issued Ordinary Share capital will remain unchanged as a result of the proposed Share Capital Reorganisation.

Further details of the Share Capital Reorganisation are set out in the Circular dated 21 July 2014 which is available on the Company's website at www.imaginatik.com.

The definitions which apply in the Circular have been used in this announcement.

Expected Timetable

 
 Publication of the Circular                       21 July 2014 
 Latest time and date for receipt              12.00 p.m. on 12 
  of Forms of Proxy for the Annual                  August 2014 
  General Meeting 
 Annual General Meeting                        12.00 p.m. on 14 
                                                    August 2014 
 Record date for Share Capital                  5.00 p.m. on 14 
  Reorganisation                                    August 2014 
 Admission and first day of dealing             8.00 a.m. on 15 
  in the Capital Reorganisation                     August 2014 
  Shares 
 Credit CREST with Capital Reorganisation        15 August 2014 
  Shares 
 
   Despatch of share certificates             by 22 August 2014 
   for Capital Reorganisation Shares

For further information please contact:

 
 Imaginatik plc                                        Tel: 01329 243243 
 Matt Cooper, Executive Chairman / Shawn Taylor, CFO 
 
 finnCap                                               Tel: 0207 220 0500 
 Charlotte Stranner/ Victoria Bates 
 
 Newgate Threadneedle                                  Tel: 020 7653 9850 
 Caroline Forde / Hilary Millar

About Imaginatik

Imaginatik(R) is the world's first full-service innovation provider. We have 16 years of experience building innovation into a sustainable competence at some of the world's largest and most respected companies. Through a mix of consulting and advisory, hands-on innovation projects and program management, and our award-winning enterprise software platform, we help clients develop innovation capability into a permanent competitive advantage. Imaginatik is the trusted partner of leading organisations including Blue Cross Blue Shield, CSC, Cargill, The World Bank, Mayo Clinic, The Chubb Group of Insurance Companies, HCA, Dow Chemical and Goodyear.

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 Fareham, UK. For more information visit www.imaginatik.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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