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Share Name Share Symbol Market Type Share ISIN Share Description
Abal Group Plc LSE:ABAL London Ordinary Share GB00BFMDJC60 ORD 0.002P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.775p 0.75p 0.80p 0.85p 0.775p 0.775p 4,087,893 16:00:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 3.7 -1.4 0.6 1.4 0.78

Imaginatik PLC Completion of disposal

05/02/2019 10:08am

UK Regulatory (RNS & others)


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RNS Number : 1172P

Imaginatik PLC

05 February 2019

5 February 2019

Imaginatik plc

("Imaginatik" or the "Company")

Completion of disposal of business and assets and change of name

The Board of Imaginatik plc is pleased to announce that the disposal of the Company's trade and assets to Planbox Inc. (the "Disposal"), which was approved by shareholders at the General Meeting held on 28 January 2019, has now completed.

AIM Rule 15 cash shell

The Company is categorised by AIM as an AIM Rule 15 cash shell and as such will be required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission as an investing company (as defined under the AIM Rules)) on or before the date falling six months from completion of the Disposal or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least GBP6 million) failing which, the Company's Ordinary Shares would then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM would be cancelled six months from the date of suspension should the reason for the suspension not have been rectified. Any failure therefore in completing an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission as an investing company (as defined under the AIM Rules)) will result in the cancellation of the Company's Ordinary Shares from trading on AIM.

Change of name and website

As part of the terms of the Disposal, the name of the Company will change to "Abal Group plc". This will become effective once Companies House has issued a certificate of incorporation on change of name. This is expected to occur on 6 February 2019.

The website of the Company is now available at www.abalplc.com.

The tradeable instrument display mnemonic ("TIDM") of the Company is expected to change to AIM: ABAL effective from 7.00 a.m. on 7 February 2019.

 
 Abal Group plc                              info@abalplc.com 
  Angus Forrest CEO 
 WH Ireland - Nominated Adviser and          Tel: +44 (0)117 945 3470 
  joint broker 
  Mike Coe / Chris Savidge 
 Peterhouse Capital Limited - Broker         Tel: +44 (0) 20 7220 9797 
  Duncan Vasey / Lucy Williams 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

February 05, 2019 05:08 ET (10:08 GMT)

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