Imaginatik PLC Stmnt re Share Price Movement (7540V)
25 Juillet 2018 - 2:05PM
UK Regulatory
TIDMIMTK
RNS Number : 7540V
Imaginatik PLC
25 July 2018
Imaginatik PLC
("Imaginatik" or the "Company")
Share price movement
Imaginatik plc (AIM: IMTK.L), the #1 ranked leader in corporate
innovation management according to Forrester Research, notes its
share price movement and can confirm that it is in the latter
stages of negotiations with VM AV Corporate Services Limited (an
investment vehicle of Vin Murria) for a GBP500,000 loan to be
issued to the Company subject to finalisation of standard
documentation.
Vin Murria is also in discussions to make a controlling equity
investment (the "Equity Investment") at a price of between 2.5
pence and 5 pence per Ordinary Share in the Company conditional on
the Takeover Panel waiving the obligation for her to make a general
offer for the Company under Rule 9 of the Takeover Code.
There can be no guarantee that any of the above agreements will
proceed.
Should Vin Murria's Equity Investment be completed, and pursuant
to Rule 22 of the AIM Rules for Nominated Advisers regarding
conflicts of interest, finnCap will step down from their role as
NOMAD with immediate effect as Vin Murria on the board of finnCap
Ltd. It is envisaged that Vin will join the Board of Imaginatik,
subject to regulatory checks.
Pursuant to Rule 1 of the AIM Rules, if the company does not
appoint a replacement NOMAD upon the completion of the equity
investment and finnCap's subsequent resignation, it will be
suspended with immediate effect. The Company would then have one
further month to appoint a replacement Nominated Adviser or else
the admission of its AIM securities will be cancelled.
The Company is currently in discussions with a number of NOMAD
firms with a view to announcing a replacement in due course.
A further announcement will be made at the appropriate time.
For further information, please contact:
Imaginatik plc Tel: 01329 243
243
Angus Forrest, CEO
Shawn Taylor, CFO
Tel: 020 7220 0500
finnCap Ltd - Nomad and broker
Jonny Franklin-Adams/Max Bullen-Smith, corporate
finance
Camille Gochez, corporate broking
Tel: 020 7220 9797
Peterhouse Capital Limited - Joint broker
Duncan Vasey / Lucy Williams
Tel: 020 8004 4218
Alma PR
Caroline Forde / Robyn Fisher
About Imaginatik
Imaginatik is the only innovation solution provider which has
combined a proven innovation program with purpose-built idea
management software to enable companies to achieve breakthrough and
continuous innovation at scale. Imaginatik works with leading
global enterprises to build and integrate innovation management
skills as a core competency. Customers include ExxonMobil, Altria,
Shell, Goodyear, AECOM, Caterpillar, Novartis and Cargill.
Imaginatik is a public company traded on the AIM market of the
London Stock Exchange (LSE: IMTK.L) with offices in Boston, MA, USA
and Fareham, U.K.
For more information visit www.imaginatik.com.
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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