TIDMIMTK
RNS Number : 5660E
Imaginatik PLC
13 May 2013
13 May 2013
Imaginatik Plc
("Imaginatik" or "the Company")
Result of General Meeting and Total Voting Rights
Imaginatik plc (AIM: IMTK.L), the world's first full service
innovation provider offering a range of technology products and
consultancy, is pleased to announce that, at the General Meeting
held today, the resolution set out in the circular dated 26 April
2013 ("the Circular") was passed without amendment.
The Company is also pleased to announce that, pursuant to the
Remuneration Re-investment Programme set out in the Circular, the
Directors listed below have committed to subscribe for a total of
262,400,000 new Ordinary Shares at the Placing Price, being 0.0625
pence per new Ordinary Share. These shares comprise (i) 52,800,000
new Ordinary Shares the consideration for which is being funded by
the Company pursuant to loan agreements with the relevant Directors
("Director Loan Shares") and (ii) 209,600,000 new Ordinary Shares
to be issued following the contractual exercise of options which
have been granted under the Imaginatik plc Enterprise Management
Incentive Scheme ("EMI Option Shares"), as follows:
Director Director Loan EMI Option Re- investment
Shares Shares amount
--------------- --------------------------- ------------ ------------------------
Matt Cooper 179,200,000 GBP112,000
--------------- --------------------------- ------------ ------------------------
Shawn Taylor 14,400,000 GBP9,000
--------------- --------------------------- ------------ ------------------------
Nick Goss 16,000,000 GBP10,000
--------------- --------------------------- ------------ ------------------------
Luis Solis 12,800,000 GBP8,000
--------------- --------------------------- ------------ ------------------------
Simon Charles 40,000,000 GBP25,000
--------------- --------------------------- ------------ ------------------------
Total 52,800,000 209,600,000 GBP164,000
--------------- --------------------------- ------------ ------------------------
Loan repayments will be made by deduction from the amounts
payable to the relevant Director under his employment contract or
other agreement with the Company. The EMI Option Shares will be
issued in tranches between 31 May 2013 and 31 March 2014; the
consideration for the option exercise will likewise be funded by
the relevant Director by deduction from the amounts payable under
his employment contract or other agreement with the Company.
The size of the Placing has increased by 6,640,000 new Ordinary
Shares to 2,019,750,000 new Ordinary Shares as a result of employee
demand.
Directors' interests
The following table sets out the interests of the Directors in
the issued Ordinary Shares of the Company following Admission:
Director Number of Ordinary %
Shares
following Admission
--------------- --------------------- -------
Matt Cooper 349,725,613 11.98%
--------------- --------------------- -------
David Gammon 123,442,564 4.23%
--------------- --------------------- -------
Shawn Taylor 21,005,300 0.72%
--------------- --------------------- -------
Nick Goss 16,000,000 0.55%
--------------- --------------------- -------
Simon Charles 59,511,771 2.04%
--------------- --------------------- -------
Luis Solis 12,800,000 0.44%
--------------- --------------------- -------
Note: The above table excludes (i) the Directors' interests to
subscribe for new Ordinary Shares under options granted to them by
the Company, and (ii) the interest of Mr Charles in 54,053,815
Ordinary Shares which he holds on trust for the benefit of the
Company following the conclusion of the litigation proceedings in
the Company's favour against its former chief executive, Mark
Turrell. Mr Charles is interested in a further 10,385,998 Ordinary
Shares which he holds on trust for the benefit of Mr Cooper
following the litigation referred to above - Mr Cooper's interest
in these shares is reflected in the above table.
Applications for admission to trading on AIM
Application has been made for admission to trading on AIM of (i)
the 2,019,750,000 new Ordinary Shares to be issued pursuant to the
Placing announced on 26 April 2013 and (ii) the 52,800,000 Director
Loan Shares ("Admission"). It is expected that Admission will
become effective at 8.00 a.m. on 14 May 2013.
Application has been made for the admission to trading on AIM of
a block listing of up to 209,600,000 new Ordinary Shares to be
issued under the Imaginatik plc Enterprise Management Incentive
Scheme. It is expected that the block admission will become
effective at 8.00 a.m. on 15 May 2013.These shares will be allotted
upon receipt of a notice of exercise. Once issued, the new Ordinary
Shares will rank pari passu in all respects with the Company's
existing ordinary shares.
Total voting rights
Following Admission, the Company's total issued share capital
will comprise of 2,918,915,443 Ordinary Shares. The Company does
not hold any Ordinary Shares in treasury. Therefore, the total
number of shares with voting rights in the Company will be
2,918,915,443. 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 to their interest in, the share capital of the Company
following Admission.
For further information please contact:
Imaginatik plc Tel: 020 7917
2975
Matt Cooper, Executive Chairman / Shawn
Taylor, CFO
finnCap Ltd Tel: 020 7220
0500
Victoria Bates
Northland Capital Partners Limited Tel: 020 7796
8800
Edward Hutton / William Vandyk
Newgate Threadneedle Tel: 020 7653
9850
Caroline Evans-Jones / Hilary Millar
About Imaginatik
Imaginatik provides a range of Innovation solutions comprised of
consultancy, enterprise software and program management to deliver
innovation results to companies such as The World Bank, The Chubb
Group of Insurance Companies, State Farm, Exxon Mobil, Pfizer,
Goodyear, the Yorkshire Building Society, Pitney Bowes and Cargill.
Few companies possess the internal capability to consistently
generate fresh ideas, identify those worth pursuing and reliably
transform them into real, value-enhancing assets. Imaginatik's
mission is to help these companies build sustainable innovation
competencies.
Imaginatik is a public company whose shares are traded on the
AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World
Economic Forum Technology Pioneer with offices in Boston, MA, and
Fareham, UK. For more information visit www.imaginatik.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAFSDFFLDEFF
Abal (LSE:ABAL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Abal (LSE:ABAL)
Historical Stock Chart
From Jul 2023 to Jul 2024