Imaginatik PLC Subscription and Director Dealings (4445T)
July 20 2015 - 2:00AM
UK Regulatory
TIDMIMTK
RNS Number : 4445T
Imaginatik PLC
20 July 2015
20 July 2015
Imaginatik Plc
("Imaginatik" or "the Company")
Subscription to raise GBP120,000 and Director Dealings
Imaginatik plc (AIM: IMTK.L), the world's first full service
innovation provider offering a range of consultancy and technology
products, is pleased to announce a Subscription of 1,999,998
ordinary shares of 1 pence each in the capital of the Company (the
"Subscription Shares") at a price of 6 pence per share (the
"Subscription Price") to raise gross proceeds of c. GBP120,000 with
new and existing institutional and other investors (the
"Subscription"). The Subscription was conducted in conjunction with
Daniel Stewart & Company.
The Subscription is being undertaken to satisfy market demand
for shares in the Company and the proceeds will be used to provide
additional working capital to fund the development of the
business.
Admission
The Subscription is subject, inter alia, to admission of the
Subscription Shares to trading on AIM ("Admission"), which is
expected to occur at or around 8.00 a.m. on 23 July 2015.
Application has been made to the London Stock Exchange for all of
the Subscription Shares to be admitted to trading on AIM. The
Subscription Shares will, when issued, rank pari passu in all
respects with the Company's existing ordinary shares.
Total Voting Rights
Following Admission, the Company will have 84,698,093 Ordinary
Shares in issue. The Company has no shares in treasury, therefore
the figure of 84,698,093 should 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 of their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
Related Party Transaction and Director Dealing
Matt Cooper, Non-Executive Chairman of the Company, is
participating in the Subscription at the Subscription Price,
subscribing for 250,000 Subscription Shares. Following Admission,
Mr. Cooper will have an interest in 22,929,576 Ordinary Shares,
representing 27.07% of the Company's enlarged issued share capital.
Simon Charles, Non-Executive Director of the Company, is
participating in the Subscription at the Subscription Price,
subscribing for 100,000 Subscription Shares. Following Admission,
Mr. Charles will have an interest in 2,503,182 Ordinary Shares,
representing 2.96% of the Company's enlarged issued share
capital.
Under the AIM Rules for Companies, both Mr. Cooper's and Mr.
Charles' participations in the Subscription constitute related
party transactions. The independent directors, being all of the
Company's directors except Mr. Cooper and Mr. Charles, consider,
having consulted with finnCap Ltd, the Company's Nominated Adviser,
that their participation in the Subscription is fair and reasonable
in so far as shareholders are concerned.
For further information please contact:
Imaginatik plc Tel: 01329 243
243
Matt Cooper Non-Executive Chairman
Ralph Welborn, CEO
Shawn Taylor, CFO
finnCap Ltd Tel: 020 7220
0500
Stuart Andrews / Malar Velaigam
Daniel Stewart & Company Tel: 020 7776
6550
Martin Lampshire / David Coffman
Newgate Tel: 020 7653
9850
Adam Lloyd / Ed Treadwell
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, The Chubb
Group of Insurance Companies, State Farm, Exxon Mobil, Pfizer,
Goodyear, the Yorkshire Building Society, Pitney Bowes 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. Imaginatik's
mission is to help these companies build sustainable innovation
competencies.
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
MSCGGUBAMUPAPPM
Abal (LSE:ABAL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Abal (LSE:ABAL)
Historical Stock Chart
From Jul 2023 to Jul 2024