Imaginatik PLC Issue of Equity (2748J)
December 03 2018 - 10:01AM
UK Regulatory
TIDMIMTK
RNS Number : 2748J
Imaginatik PLC
03 December 2018
3 December 2018
Imaginatik plc
("Imaginatik" or "the Company")
Issue of Equity
Imaginatik plc (AIM: IMTK.L), is pleased to announce that it has
conditionally raised gross proceeds of GBP250,000 via the placing
of 20,833,333 new ordinary shares (the "Placing Shares") with new
and existing investors (the "Placing") at a price of 1.2p per
share.
The net proceeds of the Placing will be used to enable the
Company to implement its planned cost reduction programme
(delivering GBP400,000 of savings pa), to provide additional
working capital in relation to increasing new business activity and
to strengthen the Company's balance sheet.
Application for Admission
Application will be made for the Placing Shares, which will rank
pari passu with the Company's existing Ordinary Shares, to be
admitted to trading on AIM ("Admission"). It is anticipated that
Admission will become effective at 8.00 a.m. on 7 December
2018.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 92,783,006 Ordinary Shares. The Company does not hold
any shares in treasury. Therefore, the total number of Ordinary
Shares with voting rights will be 92,783,006. This figure may be
used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
Market soundings, as defined in the Market Abuse Regulation
("MAR"), were taken in respect of the Placing with the result that
certain persons became aware of inside information, as permitted by
MAR. That inside information is set out in this announcement and
has been disclosed as soon as possible in accordance with paragraph
7 of article 17 of MAR. Therefore, those persons that received
inside information in a market sounding are no longer in possession
of inside information relating to the Company and its
securities.
For further information please contact:
Imaginatik plc Via Alma
Angus Forrest CEO
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 leading 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,
TD Bank, Sodexo, Caterpillar and Cargill.
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.
END
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