Commercial Update & Conversion of Securities

RNS Number : 6315Z

Ilika plc

10 February 2014

 



 

Ilika plc

("Ilika" or the "Company")

Commercial Update and Conversion of Securities

Ilika (AIM: IKA), the advanced cleantech materials discovery company, announces the renewal of a commercial contract with an existing customer, which is a US based multi-national in the semi-conductor industry. The objective of the programme is to develop advanced functional materials for use in electronics fabrication processes

Graeme Purdy, CEO of Ilika, said:  "This contract renewal reinforces Ilika's business development in the US and will mean that our revenues for this financial year will, broadly, be balanced between the US, Europe and Asia. Solid-state battery development continues to be our main focus of endeavour, but this strengthening of our involvement in the electronics sector, coupled with our expansion into the aerospace sector, as announced in October last year, builds important commercial relationships and gives the company a solid platform for future growth."

The company also announces the exercise of 98,039 subscription warrants into ordinary shares of 1p each. The figure of 48,647,072 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For more information contact:

Ilika plc	www.ilika.com
Graeme Purdy, Chief Executive	Tel: [phone]
Steve Boydell, Finance Director
Numis Securities Limited	Tel: [phone]
Oliver Cardigan, Nominated Adviser
James Black, Corporate Broking
Walbrook PR Ltd	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Paul Cornelius	Mob: [phone]

 

END

 

 

CONSSMSUAFLSELE