Imaginatik PLC Result of Open Offer (5512I)
November 27 2018 - 2:01AM
UK Regulatory
TIDMIMTK
RNS Number : 5512I
Imaginatik PLC
27 November 2018
Imaginatik plc
("Imaginatik" or "the Company")
Result of Open Offer
On 2 November 2018 the Company announced details of an
underwritten Open Offer to raise gross proceeds of up to
approximately GBP252,578 through the issue of 22,961,687 new
ordinary shares of GBP0.002 each ("Ordinary Shares") at 1.1 pence
per share.
The Open Offer closed for acceptances at 11.00 a.m. on 26
November 2018 and the Company is pleased to announce that it has
received valid acceptances under the Open Offer, including those
received under the Excess Application Facility, in respect of
46,802,573 Ordinary Shares from Qualifying Shareholders. This
represents demand for approximately 204 per cent. of the Open Offer
Shares.
Qualifying Shareholders who have validly applied for Offer
Shares will receive their Basic application in full and those
Qualifying Shareholders who have validly applied for Excess Shares
will receive approximately 33.10 per cent. of their Excess
application on a pro rata basis, resulting in the issue of the full
22,961,687 Ordinary Shares under the Open Offer. Accordingly, the
Company has not needed to call upon the underwriting facility.
Application has been made for the 22,961,687 new Ordinary Shares
to be issued pursuant to the Open Offer to be admitted to trading
on AIM. It is expected that admission of the new Ordinary Shares
and commencement of dealings in the new Ordinary Shares will occur
at 8.00 a.m. on 28 November 2018. Following Admission, the Enlarged
Share Capital of the Company will consist of 71,949,673 Ordinary
Shares. No Ordinary Shares are held in treasury.
The above figure of 71,949,673may 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 to their
interest in the Company under the FCA's Disclosure Guidance and
Transparency Rules.
This announcement should be read in conjunction with the full
text of the Circular to Shareholders dated 2 November 2018, copies
of which are available on the Company's website at
www.imaginatik.com. Capitalised terms in this announcement have the
same meaning as given in the Circular.
- ENDS -
For further information, please contact:
Imaginatik plc Via Alma PR (see contact details
Angus Forrest CEO below)
WH Ireland - Nominated Adviser and Tel: +44 (0)117 945 3470
joint broker
Mike Coe / Chris Savidge
Peterhouse Capital Limited - Broker Tel: +44 (0) 20 7220 9797
Duncan Vasey / Lucy Williams
Alma PR Tel: +44 (0) 20 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 Imaginatik works with leading global
enterprises to build and integrate innovation management skills as
a core competency. Customers include ExxonMobil, Altria, TD Bank,
Sodexo, Caterpillar and Cargill.
For more information visit www.imaginatik.com.
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END
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