30 Aug 2016 11:36
30 August 2016
Imagination Technologies Group plc
("The Company")
Additional Listing
Imagination Technologies Group plc announces that following the acquisition of Posedge Inc. in August 2013, it will be satisfying the fourth and final annual instalment in the base consideration relating to this acquisition through the issue of shares. As a result the Company has issued and allotted 688,913 ordinary shares of 10 pence.
An application has been made to The UK Listing Authority and The London Stock Exchange for the 688,913 Ordinary shares of 10 pence each, to trade on The London Stock Exchange and to be admitted to The Official List. These shares shall rank equally with the existing issued shares of the Company.
It is expected that admission of the shares will take place on 31 August 2016.
In addition to the base consideration, the shareholders of Posedge are eligible for an earn-out consideration which will also be payable in shares at the end of each of the first three years. The assessment of the level of earn-out consideration for the third year will be completed in September 2016 and if a share issue is required an announcement regarding the listing of the shares will be made then.
Enquiries:
Imagination Technologies Andrew Heath, Chief Executive Officer Guy Millward, Chief Financial Officer and Company Secretary
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+44 (0)1923 260511 |
Instinctif Partners Adrian Duffield / Kay Larsen |
+44 (0)207 457 2040 |