Imaginatik PLC Company Update (3857E)

TIDMIMTK

RNS Number : 3857E

Imaginatik PLC

18 October 2018

Imaginatik plc

("Imaginatik" or the "Company")

Company Update

Imaginatik plc (AIM: IMTK.L) updates shareholders on the present situation.

Trading

Since the start of September 2018 the Company has secured orders valued at over $1.5 million, through a combination of renewals and new business. There are four new customers including a major US agrichemical business and a leading Formula One Team. We are pleased to be involved in such a wide range of industries and it demonstrates the flexibility of the solution offered by Imaginatik.

Appointment of New Nominated Adviser (NOMAD)

Further to the announcement on 1 October the Company has been in discussions with certain Nominated Advisers, it has now selected one which is currently finalising due diligence. Shareholders will be updated as soon as a replacement Nominated Adviser has been appointed.

Other

The business is performing in line with the targets set in June 2018 and the objectives outlined on 1 October. There is still much to do but there is overall improvement and various potentially significant opportunities are being presented to the Company.

Further updates will be made as appropriate.

For further information please contact:

 
 Imaginatik plc                         Via Alma 
 Angus Forrest CEO 
 
                                        +44 (0) 20 7220 
 Peterhouse Capital Limited - Broker     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, Sodexo, Caterpillar, Novartis and Cargill.

For more information visit www.imaginatik.com.

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