13 Nov 2015 15:35
Imaginatik Plc
("Imaginatik" or "the Company")
Warrant Exercise
Imaginatik plc (AIM: IMTK.L), the world's first full service innovation provider offering a range of consultancy and technology products, announces that it has issued 413,491 new ordinary shares of 1 pence each in the share capital of the Company ("Ordinary Shares") following the exercise by Daniel Stewart Securities plc of its warrant over new shares in the Company granted to Daniel Stewart Securities plc at the time of the Company's subscription on 14 May 2015. The warrants have an exercise price of 2.7 pence per share, the same price as the Company's subscription price. As a result of the warrant exercise, the Company will receive cash proceeds on exercise of £11,164. There are no further outstanding warrants in issue.
The total number of Ordinary Shares following Admission will be 85,111,585. Accordingly the figure of 85,111,585 may 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 and Transparency Rules.
Application has been made for the new Ordinary Shares to be admitted to AIM, with trading expected to commence on 19 November 2015 ("Admission"). Upon Admission, the shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.
For further information please contact:
Imaginatik plc | Tel: 01329 243 243 |
Matt Cooper Non-Executive Chairman Ralph Welborn, CEO Shawn Taylor, CFO | |
finnCap Ltd | Tel: 020 7220 0500 |
Jonny Franklin-Adams/Giles Rolls | |
Daniel Stewart & Company | Tel: 020 7776 6550 |
Martin Lampshire/David Coffman | |
Alma PR | Tel: 020 7796 9085 |
Hilary Buchanan |
About Imaginatik
Imaginatik provides a range of Innovation solutions comprised of consultancy, enterprise software and program management to deliver innovation results to companies such as The World Bank, The Chubb Group of Insurance Companies, Exxon Mobil, Altria, Shell, Mayo Clinic, Goodyear, the Yorkshire Building Society, Pitney Bowes 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. Imaginatik's mission is to help these companies build sustainable innovation competencies.
Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World Economic Forum Technology Pioneer with offices in Boston, MA, and Fareham, UK. For more information visit www.imaginatik.com.