27 Nov 2018 07:00
Imaginatik plc
("Imaginatik" or "the Company")
Result of Open Offer
On 2 November 2018 the Company announced details of an underwritten Open Offer to raise gross proceeds of up to approximately £252,578 through the issue of 22,961,687 new ordinary shares of £0.002 each ("Ordinary Shares") at 1.1 pence per share.
The Open Offer closed for acceptances at 11.00 a.m. on 26 November 2018 and the Company is pleased to announce that it has received valid acceptances under the Open Offer, including those received under the Excess Application Facility, in respect of 46,802,573 Ordinary Shares from Qualifying Shareholders. This represents demand for approximately 204 per cent. of the Open Offer Shares.
Qualifying Shareholders who have validly applied for Offer Shares will receive their Basic application in full and those Qualifying Shareholders who have validly applied for Excess Shares will receive approximately 33.10 per cent. of their Excess application on a pro rata basis, resulting in the issue of the full 22,961,687 Ordinary Shares under the Open Offer. Accordingly, the Company has not needed to call upon the underwriting facility.
Application has been made for the 22,961,687 new Ordinary Shares to be issued pursuant to the Open Offer to be admitted to trading on AIM. It is expected that admission of the new Ordinary Shares and commencement of dealings in the new Ordinary Shares will occur at 8.00 a.m. on 28 November 2018. Following Admission, the Enlarged Share Capital of the Company will consist of 71,949,673 Ordinary Shares. No Ordinary Shares are held in treasury.
The above figure of 71,949,673may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
This announcement should be read in conjunction with the full text of the Circular to Shareholders dated 2 November 2018, copies of which are available on the Company's website at www.imaginatik.com. Capitalised terms in this announcement have the same meaning as given in the Circular.
- ENDS -
For further information, please contact:
Imaginatik plc Angus Forrest CEO
| Via Alma PR (see contact details below) |
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 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 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.