IMImobile PLC Completion of Placing (0164U)

TIDMIMO

RNS Number : 0164U

IMImobile PLC

12 January 2017

THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

12 January 2017

IMImobile PLC

("IMImobile" or the "Company")

Completion of Placing

IMImobile (AIM: IMO) is pleased to confirm that, pursuant to the announcement yesterday evening, 3,389,881 new ordinary shares of 10 pence each in the capital of the Company (the "Placing Shares") have been placed by Investec Bank plc ("Investec") and Whitman Howard Limited ("Whitman Howard") at a price of 159 pence per Placing Share with existing and new institutional investors, raising gross proceeds of approximately GBP5.4 million (the "Placing").

Applications have been made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place at 8.00 a.m. on 17 January 2017 and that dealings in the Placing Shares will commence at that time.

The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of 10 pence each in the share capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such shares after the date of issue of the Placing Shares.

For further information please contact:

 
IMImobile PLC                                       c/o Redleaf Communications 
 Jay Patel, Chief Executive Officer                  Tel: [phone] 
 Mike Jefferies, Chief Financial Officer 
Redleaf Communications - PR adviser                 Tel: [phone] 
 Charlie Geller                                      [e-mail] 
 Sam Modlin 
Investec Bank - Nominated Adviser and Joint Broker  Tel: [phone] 
 Dominic Emery 
 Henry Reast 
Whitman Howard - Joint Broker                       Tel: [phone] 
 Ranald McGregor-Smith 
 Francis North 
 

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, O2, Telefonica, Aircel, Airtel, EE, BSNL, AT&T, MTN, France Telecom, Centrica, Universal Music, Tata, the AA, the BBC and major financial institutions.

IMImobile is headquartered in London with offices in Hyderabad, Atlanta, Dubai and Johannesburg and has over 800 employees worldwide. IMImobile is quoted on the London Stock Exchange's AIM market with the TIDM code IMO.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 12, 2017 05:11 ET (10:11 GMT)