Imaginatik PLC Result of Open Offer and Total Voting Rights (9209J)

TIDMIMTK

RNS Number : 9209J

Imaginatik PLC

03 July 2017

Imaginatik plc

("Imaginatik" or the "Company")

Result of Open Offer and Total Voting Rights

PDMR Dealing

Imaginatik plc (AIM: IMTK.L), the innovation company, is pleased to announce it has raised gross proceeds of approximately GBP0.07 million pursuant to the Open Offer announced on 9 June 2017.

Highlights:

   --      GBP1.45 million raised pursuant to the Placing and Open Offer 
   --      Applications received for 3,633,668 Open Offer Shares at 2 pence per share 

-- Simon Charles, Non-executive Director subscribed for 100% of his entitlement under the Open Offer

Terms defined in the Circular published by the Company on 9 June 2017 shall have the same meaning in this announcement unless the context requires otherwise.

PDMR Dealing

Simon Charles took up 100% of his entitlement under the Open Offer, subscribing for 450,530 ordinary shares of 1 penny each ("Ordinary Shares"). His resultant holding is 3,153,712 Ordinary Shares representing 1.4% of the issued share capital of the Company.

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 3,633,668 new Ordinary Shares to be admitted to trading on AIM and accordingly dealings are expected to commence at 8.00am on 4 July 2017. Following Admission, the total number of voting rights in the Company will be 224,193,710 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 Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").

For further information please contact:

 
 Imaginatik plc                       Tel: 01329 
                                       243 243 
 Matt Cooper Non-Executive Chairman 
  Ralph Welborn, CEO 
  Shawn Taylor, CFO 
 
 finnCap Ltd                          Tel: [phone] 
                                       0500 
 Jonny Franklin-Adams/Giles Rolls, 
  corporate finance 
  Camille Gochez, corporate broking 
 
 Alma PR                              Tel: [phone] 
                                       4218 
 Hilary Buchanan 
 Robyn Fisher 
 

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 Exxon Mobil, Altria, Shell, Goodyear, the Yorkshire Building Society, Caterpillar, AECOM, Novartis 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. In 2016 Forrester Research found that "Imaginatik has the most comprehensive innovation management solution," providing excellent industry recognition of Imaginatik's full-service innovation offering, combining both technology and consultancy services.

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.

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                             Simon Charles 
---  -------------------------------  ------------------------- 
 2.   Reason for the Notification 
---  ---------------------------------------------------------- 
 a)   Position/status                  Director / PDMR 
---  -------------------------------  ------------------------- 
 b)   Initial notification/Amendment    Initial notification 
---  -------------------------------  ------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                             Imaginatik plc 
---  -------------------------------  ------------------------- 
 b)   LEI                              n/a 
---  -------------------------------  ------------------------- 
 4.   Details of the transaction(s): section 
       to be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) 
       each date; and (iv) each place where 
       transactions have been conducted 
---  ---------------------------------------------------------- 
 a)   Description                        Ordinary shares 
       of the Financial                    of 1p 
       instrument, 
       type of instrument 
--- 
      Identification                   GB00BP8XY588 
       code 
---  -------------------------------  ------------------------- 
 b)   Nature of the                      Subscription of Shares 
       transaction 
---  -------------------------------  ------------------------- 
 c)   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                        ----------  ---------- 
                                         GBP0.02     450,530 
                                        ----------  ---------- 
---  -------------------------------  ------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           See above 
 
 
        *    Price 
---  -------------------------------  ------------------------- 
 e)   Date of the                      3 July 2017 
       transaction 
---  -------------------------------  ------------------------- 
 f)   Place of the                     London Stock Exchange, 
       transaction                      AIM Market (XLON) 
---  -------------------------------  ------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 03, 2017 06:10 ET (10:10 GMT)