15 Nov 2010 15:28
15 November 2010
Imaginatik plc
("Imaginatik" or the "Company")
Requisition of General Meeting
Imaginatik plc announces that it has received a requisition (the "Requisition") for a General Meeting ("GM") of the Company from Mark Turrell who is the holder of ordinary shares of 0.0625 pence in the Company representing more than 35 per cent. of the Company's issued share capital.
The Requisition requires the Directors to convene a GM of the Company to consider the following resolutions as ordinary resolutions:
1. THAT, Mr Matt J Cooper be and is hereby removed from office as a director of the Company with immediate effect.
2. THAT, Mr Shawn K Taylor be and is hereby removed from office as a director of the Company with immediate effect.
3. THAT, Mr Mark Turrell be and is hereby appointed as a director of the Company with immediate effect.
The Company will, within 21 days of 12 November 2010, prepare a response to the Requisition and send a circular to shareholders convening the requisite GM, as required by section 303 of the Companies Act 2006, which must be held within 28 days of the date of despatch of the circular.
The Company is taking legal advice as to the contents and validity of the Requisition. Furthermore, the Company is confident that if the resolutions set out above are indeed required to be put to shareholders at a GM that they will be defeated and, therefore it regards the Requisition as an unnecessary distraction and a waste of the Company's resources.
For further information please contact:
Imaginatik plc | Tel: 020 7917 2975 |
Matthew Cooper, Chairman / Shawn Taylor, CFO | |
Arbuthnot Securities Limited | Tel: 020 7012 2000 |
Tom Griffiths | |
Threadneedle Communications | Tel: 020 7653 9850 |
Caroline Evans-Jones / Hilary Millar |
About Imaginatik
Imaginatik provides Innovation and idea management solutions to companies such as The Chubb Group of Insurance Companies, Boeing, Pfizer, Xerox, Goodyear 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. This is Imaginatik's area of expertise.
Imaginatik provides customers with strategic consulting, the award-winning Idea Central technology solution and an experienced, results-oriented innovation consulting team.
Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE:IMTK.L) and a World Economic Forum Technology Pioneer with offices in Boston, MA, and London. In 2009, Imaginatik was named as one of the 500 fastest growing technology companies in the EMEA region by Deloitte.
For more information visit www.imaginatik.com.