9 Oct 2017 17:34
IMImobile PLC
("IMImobile" or the "Company")
Cancellation of Share Premium Account
IMImobile (AIM: IMO) announces that on 4th October 2017, the High Court of Justice Chancery Division confirmed the cancellation of the amount standing to the credit of the share premium account of the Company. The Court Order approving the cancellation was registered with the Registrar of Companies on 5th October 2017 and therefore became effective on that date. This follows the approval of the cancellation of the Company's share premium account by special resolution at the general meeting of the Company held on 16 August 2017.
As a result of the High Court approval the Company now has distributable reserves.
For further information please contact:
IMImobile PLC Jay Patel, Chief Executive Officer Mike Jefferies, Chief Financial Officer | c/o Redleaf Communications Tel: +44 (0)20 7382 4769 |
Redleaf Communications - PR adviser Charlie Geller Alina Haritonova
| Tel: +44 (0)20 7382 4769 imimobile@redleafpr.com |
Investec Bank - Nominated Adviser and Broker Henry Reast Robert Baker
| Tel: +44 (0)207 597 5970 |
Whitman Howard - Joint Broker Ranald McGregor-Smith Francis North | Tel: +44 (0) 207 659 1234 |
About IMImobile PLC
IMImobile is a cloud communications software and solutions provider that enables companies to use mobile and digital technologies to communicate and engage with their customers.
Organisations that trust us to deliver smarter digital customer engagement solutions include Vodafone, Telefonica, Aircel, Capita, BT, BSNL, Ooredoo, MTN, France Telecom, Centrica, Pizza Hut, Tata, the AA, the BBC, EE, Multichoice, Betfair and several major financial institutions.
IMImobile is headquartered in London with offices in Hyderabad, Atlanta, Dubai and Johannesburg and has over 900 employees worldwide. IMImobile PLC is quoted on the London Stock Exchange's AIM market with the TIDM code IMO.