3 Dec 2018 15:01
3 December 2018
Imaginatik plc
("Imaginatik" or "the Company")
Issue of Equity
Imaginatik plc (AIM: IMTK.L), is pleased to announce that it has conditionally raised gross proceeds of £250,000 via the placing of 20,833,333 new ordinary shares (the "Placing Shares") with new and existing investors (the "Placing") at a price of 1.2p per share.
The net proceeds of the Placing will be used to enable the Company to implement its planned cost reduction programme (delivering £400,000 of savings pa), to provide additional working capital in relation to increasing new business activity and to strengthen the Company's balance sheet.
Application for Admission
Application will be made for the Placing 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 7 December 2018.
Total voting rights
Following Admission, the Company's enlarged issued share capital will comprise 92,783,006 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares with voting rights will be 92,783,006. 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 Angus Forrest CEO
| Via Alma |
WH Ireland - Nominated Adviser and Joint Broker Mike Coe / Chris Savidge
| Tel: +44 (0)117 945 3470 |
Peterhouse Capital Limited - Broker Duncan Vasey / Lucy Williams
| Tel: +44 (0)20 7220 9797 |
Alma PR Caroline Forde / Robyn Fisher
| Tel: +44 (0)20 8004 4218 |
About Imaginatik
Imaginatik is the leading 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, TD Bank, Sodexo, Caterpillar and Cargill.
For more information visit www.imaginatik.com.