Result of Open Offer and Total Voting Rights

RNS Number : 1130C

Imaginatik PLC

24 June 2016

 

Imaginatik plc

("Imaginatik" or "the Company")

Result of Open Offer and Total Voting Rights

Imaginatik plc (AIM: IMTK.L), the innovation company, is pleased to announce it has raised gross proceeds of approximately £0.09 million pursuant to the Open Offer announced on 25 May 2016.

Highlights:

·      £1.7 million raised pursuant to the Placing and Open Offer following shareholder approval at the General Meeting held on 13 June 2016

·      Applications received for 3,453,492 Open Offer Shares at 2.5 pence per share

Terms defined in the Circular published by the Company on 26 May 2016 shall have the same meaning in this announcement unless the context requires otherwise.

Admission and Total Voting Rights

The New Ordinary Shares will, when issued, rank pari passu in all respects with the Existing Ordinary Shares of the Company. Application has been made for the 3,453,492 New Ordinary Shares to be admitted to trading on AIM and accordingly dealings are expected to commence at 8.00am on 27 June 2016. Following Admission, the total number of voting rights in the Company will be 151,828,597 and Shareholders may use this figure 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.

For further information please contact:   

Imaginatik plc	Tel: [phone]
Matt Cooper, Non-Executive Chairman Ralph Welborn, CEO Shawn Taylor, CFO
finnCap Ltd	Tel: [phone]
Jonny Franklin-Adams/Giles Rolls, corporate finance Camille Gochez, corporate broking
Alma PR	Tel: [phone]
Hilary Buchanan
Caroline Forde

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, Caterpillar 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) with offices in Boston, MA, and Fareham, UK.

For more information visit www.imaginatik.com.

 

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