Imaginatik PLC Result of GM (2743O)
January 28 2019 - 5:27AM
UK Regulatory
TIDMIMTK
RNS Number : 2743O
Imaginatik PLC
28 January 2019
28 January 2019
Imaginatik plc
(the "Company")
(AIM: IMTK)
Result of General Meeting
Imaginatik Plc (AIM:IMTK), announces that at the General Meeting
of the Company held today, all resolutions put to shareholders were
duly passed. Accordingly, the disposal of the Company's trade and
assets to Planbox Imaginatik Limited (the "Disposal") and change of
name to "Abal plc", details of which were announced on 10 January
2019, have been approved.
As the sale has now been ratified by shareholders the completion
of the Disposal is expected on or before the close of business on 4
February 2019.
Effect of the Disposal
Following completion of the Disposal, the Company will become an
AIM Rule 15 cash shell and as such will be required to make an
acquisition or acquisitions which constitutes a reverse takeover
under AIM Rule 14 (including seeking re-admission as an investing
company (as defined under the AIM Rules)) on or before the date
falling six months from completion of the Disposal or be
re-admitted to trading on AIM as an investing company under the AIM
Rules (which requires the raising of at least GBP6 million) failing
which, the Company's Ordinary Shares would then be suspended from
trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM
would be cancelled six months from the date of suspension should
the reason for the suspension not have been rectified. Any failure
therefore in completing an acquisition or acquisitions which
constitutes a reverse takeover under AIM Rule 14 (including seeking
re-admission as an investing company (as defined under the AIM
Rules)) will result in the cancellation of the Company's Ordinary
Shares from trading on AIM.
Change of Name
Shareholders have approved the change of Company name to Abal
plc. The change of name will be effective once Companies House has
issued a certificate of incorporation on change of name. This is
expected to take place as soon as practical following completion.
The tradable instrument display mnemonic ("TIDM") of the Company is
expected to change to ABAL with effect from 7 a.m. on the day
following completion.
Website
Following the change of name the Company website address will be
www.abalplc.com.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Enquiries:
Imaginatik plc Tel: 01329 243243
Angus Forrest
WH Ireland NOMAD and Broker Tel: 0117 945 3471
Mike Coe / Chris Savidge
Peterhouse Corporate Finance (Joint Tel: 020 7469 0936
broker)
Lucy Williams / Duncan Vasey
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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