Imaginatik PLC Proposed Share Consolidation and Notice of AGM (9144M)
July 22 2014 - 2:01AM
UK Regulatory
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
END
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