Imaginatik PLC Funding Update (4941Y)

TIDMIMTK

RNS Number : 4941Y

Imaginatik PLC

17 May 2016

Imaginatik plc

("Imaginatik" or "the Company")

Funding update

Further to the announcement made earlier today with respect to recent press speculation, the Company notes the comments regarding price, structure, quantum and timing of a fundraise.

The Board can confirm that it has received a good level of interest from existing and new investors and that it is looking to raise approximately GBP2.0m of which GBP500,000 is likely to be structured to allow some pro rata participation by existing shareholders. Whilst no decision has yet been taken on price, it can confirm that discussions with certain investors envisaged a price of 2.5 pence.

The timing of any fundraising has yet to be confirmed but an update is likely to be provided within a week. As set out in the earlier announcement, investors should note that there can be no certainty a fundraising will be completed.

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 
 Jonny Franklin-Adams/Giles 
  Rolls, corporate finance 
 Camille Gochez, corporate 
  broking 
 
 Alma PR                      Tel: 020 
                               8004 4218 
 Hilary Buchanan 
 Caroline Forde

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, Exxon Mobil, Altria, Shell, Mayo Clinic, Goodyear, the Yorkshire Building Society, Caterpillar 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) 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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May 17, 2016 07:26 ET (11:26 GMT)

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