Imaginatik PLC Update on potential equity investment (8828A)

TIDMIMTK

RNS Number : 8828A

Imaginatik PLC

17 September 2018

Imaginatik PLC

("Imaginatik" or the "Company")

Update on potential equity investment

Imaginatik plc (AIM: IMTK.L), the #1 ranked leader in corporate innovation management according to Forrester Research, provides a further update following the announcement made on 4 September 2018.

The Company confirms that the investor continues to be in discussions to make a controlling equity investment in the Company, however it is now likely to be at a price of 2.0 pence per ordinary share (the "Equity Investment").

In relation to the Equity Investment, the Company is still in the process of seeking confirmations from certain independent shareholders of the Company, in order to obtain, on behalf of the investor, a dispensation in accordance with Note 5(c) in the Notes on Dispensations from Rule 9 of the City Code on Takeovers and Mergers (the "Code") from the obligation for the investor to make a mandatory offer under Rule 9 of the Code.

The Company appreciates that the process around the Equity Investment has taken longer than expected, however both discussions with the investor and independent shareholders are progressing well.

The Company will make a further announcement as soon as appropriate.

This announcement contains inside information for the purposes of article 7 of Regulation 596/2014.

For further information please contact:

 
 Imaginatik PLC                                     Tel: 01329 243 
                                                     243 
 Shawn Taylor, CFO 
 
 
   finnCap Ltd - Nomad and broker                     Tel: 020 7220 0500 
 Jonny Franklin-Adams/Max Bullen-Smith, corporate 
  finance 
 Camille Gochez, ECM 
 
 
   Peterhouse Capital Limited - Joint broker          Tel: 020 7220 9797 
 Duncan Vasey / Lucy Williams 
 
 
   Alma PR                                            Tel: 020 8004 4218 
 Caroline Forde / Robyn Fisher

About Imaginatik

Imaginatik is the only innovation solution provider which has combined a proven innovation program with purpose-built idea management software to enable companies to achieve breakthrough and continuous innovation at scale. Imaginatik works with leading global enterprises to build and integrate innovation management skills as a core competency. Customers include ExxonMobil, Altria, Shell, Goodyear, AECOM, Caterpillar, Novartis and Cargill.

Imaginatik is a public company traded on the AIM market of the London Stock Exchange (LSE: IMTK.L) with offices in Boston, MA, USA and Fareham, U.K.

For more information visit www.imaginatik.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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