Issue of Equity

RNS Number : 9394M

Imaginatik PLC

14 January 2019

 

14 January 2019

Imaginatik Plc

("Imaginatik" or the "Company")

Conversion of loanstock and issue of equity

Imaginatik Plc (AIM:IMTK), is pleased to announce that Eight Capital Partners plc which invested in Convertible Unsecured Loanstock ("CULS") in October 2018 is converting a total of £91,423.97 CULS including interest into 8,311,270 new ordinary shares at 1.1 pence per share.  Following the conversion there is no CULS or interest outstanding. 

Application will be made for the 8,311,270 new ordinary shares to be admitted to AIM and it is expected that admission will take place and trading in the new ordinary shares will commence on 18 January 2019.

Total voting rights and significant shareholding

Following the issue of 8,311,270 Conversion Shares, the Company's issued share capital comprises 101,094,276 Ordinary Shares of 0.002 pence each. This figure 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 to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Following the conversion, the Company has been notified that Eight Capital Partners plc is interested in a total of 22,856,725 Ordinary Shares of the Company, representing 22.61% per cent. of the Company's issued share capital.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Enquiries:

Imaginatik plc	Tel: [phone]
Angus Forrest
WH Ireland NOMAD and Broker	Tel: [phone]
Mike Coe / Chris Savidge
Peterhouse Corporate Finance (Joint broker)	Tel: [phone]
Lucy Williams / Duncan Vasey

 

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