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Company Update

18 Oct 2018 07:00

RNS Number : 3857E
Imaginatik PLC
18 October 2018
 

 

18 October 2018

 

Imaginatik plc

("Imaginatik" or the "Company")

 

Company Update

 

Imaginatik plc (AIM: IMTK.L) updates shareholders on the present situation.

 

Trading

 

Since the start of September 2018 the Company has secured orders valued at over $1.5 million, through a combination of renewals and new business. There are four new customers including a major US agrichemical business and a leading Formula One Team. We are pleased to be involved in such a wide range of industries and it demonstrates the flexibility of the solution offered by Imaginatik.

 

Appointment of New Nominated Adviser (NOMAD)

 

Further to the announcement on 1 October the Company has been in discussions with certain Nominated Advisers, it has now selected one which is currently finalising due diligence. Shareholders will be updated as soon as a replacement Nominated Adviser has been appointed.

 

Other

 

The business is performing in line with the targets set in June 2018 and the objectives outlined on 1 October. There is still much to do but there is overall improvement and various potentially significant opportunities are being presented to the Company.

 

Further updates will be made as appropriate.

 

For further information please contact:

 

Imaginatik plc

Via Alma

Angus Forrest CEO

Peterhouse Capital Limited - Broker

+44 (0) 20 7220 9797

Duncan Vasey / Lucy Williams

Alma PR

Tel: 020 8004 4218

Caroline Forde / Robyn Fisher

 

About Imaginatik

 

Imaginatik is the only 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, Shell, Sodexo, Caterpillar, Novartis 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
 
 
MSCGGGAWUUPRGCM
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