TIDMIMG

RNS Number : 4213I

Imagination Technologies Group PLC

30 August 2016

30 August 2016

Imagination Technologies Group plc

("The Company")

Additional Listing

Imagination Technologies Group plc announces that following the acquisition of Posedge Inc. in August 2013, it will be satisfying the fourth and final annual instalment in the base consideration relating to this acquisition through the issue of shares. As a result the Company has issued and allotted 688,913 ordinary shares of 10 pence.

An application has been made to The UK Listing Authority and The London Stock Exchange for the 688,913 Ordinary shares of 10 pence each, to trade on The London Stock Exchange and to be admitted to The Official List. These shares shall rank equally with the existing issued shares of the Company.

It is expected that admission of the shares will take place on 31 August 2016.

In addition to the base consideration, the shareholders of Posedge are eligible for an earn-out consideration which will also be payable in shares at the end of each of the first three years. The assessment of the level of earn-out consideration for the third year will be completed in September 2016 and if a share issue is required an announcement regarding the listing of the shares will be made then.

Enquiries:

 
 Imagination Technologies 
  Andrew Heath, Chief Executive 
  Officer 
  Guy Millward, Chief Financial 
  Officer and Company Secretary       +44 (0)1923 260511 
 Instinctif Partners 
  Adrian Duffield / Kay Larsen       +44 (0)207 457 2040

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

August 30, 2016 06:36 ET (10:36 GMT)

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