Imaginatik PLC Issue of Equity (3451T)
03 July 2018 - 4:00PM
UK Regulatory
TIDMIMTK
RNS Number : 3451T
Imaginatik PLC
03 July 2018
3 July 2018
Imaginatik plc
("Imaginatik" or "the Company")
Issue of Equity
Imaginatik plc (AIM: IMTK.L), the #1 ranked leader in corporate
innovation management according to Forrester Research, is pleased
to announce that it has conditionally raised gross proceeds of
GBP250,000 via the placing of 5,000,000 new ordinary shares (the
"Placing Shares") with new and existing investors (the "Placing")
at a price of 5p per share per share being the closing offer price
on 2 July 2018. The Placing was undertaken by Peterhouse Capital
Limited.
The net proceeds of the Placing will be used to provide the
Company with additional working capital.
In addition, the Company has carried out a debt for equity swap
with certain creditors requiring the issue of 1,079,340 new
ordinary shares (the "Debt Shares").
Application for Admission
Application will be made for the Placing and Debt 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 9 July
2018.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 32,998,711 Ordinary Shares. The Company does not hold
any shares in treasury. Therefore, the total number of Ordinary
Shares with voting rights will be 32,998,711 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 Tel: +44 (0) 1329
243 243
Shawn Taylor, CFO
finnCap Ltd - Nomad and broker Tel: +44 (0) 20 7220
0500
Jonny Franklin-Adams/Max Bullen-Smith, corporate
finance
Camille Gochez, corporate broking
Peterhouse Capital Limited - Joint 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 provides a range of Innovation solutions comprised of
consultancy, enterprise software and program management to deliver
innovation results to companies such as Exxon Mobil, Altria, Shell,
Goodyear, the Yorkshire Building Society, Caterpillar, AECOM,
Novartis 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. In 2016 Forrester Research found that
"Imaginatik has the most comprehensive innovation management
solution," providing excellent industry recognition of Imaginatik's
full-service innovation offering, combining both technology and
consultancy services.
Imaginatik is a public company whose shares are traded on the
AIM market of the London Stock Exchange (LSE: IMTK.L) with offices
in Boston, MA, and Fareham, UK. For more information visit
www.imaginatik.com.
END
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END
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