Transaction in Own Shares/Director's Dealing

RNS Number : 3890P

Imaginatik PLC

01 October 2013

 



Imaginatik plc

("Imaginatik" or the "Company")

Transaction in Own Shares/ Director's Dealing

Imaginatik plc (AIM: IMTK), the world's first full service innovation provider offering a range of technology products and consultancy, announces that on 30 September 2013, the Company sold 54,053,815 ordinary shares of 0.0625 pence in the share capital of Imaginatik ("Ordinary Shares") and Matt Cooper sold 10,385,998 Ordinary Shares, both at a price of 0.07 pence per Ordinary Share (together, "the Sale Shares").

The Sale Shares were held on trust by Simon Charles, Non Executive Director, for the benefit of the Company and Mr Cooper as a result of full and final settlement for the costs and damages owed by Mark Turrell (the former CEO of Imaginatik) to the Company and Mr Cooper, as announced on 2 October 2012.

Following these transactions, Simon Charles no longer holds any Ordinary Shares on trust for either the Company or Mr Cooper. Mr Cooper now holds 160,131,615 Ordinary Shares, representing approximately 5.5 per cent. of the issued share capital of Imaginatik. The Company no longer holds any Ordinary Shares.

For further information please contact:  

Imaginatik plc	Tel: [phone]
Matt Cooper, Executive Chairman / Shawn Taylor, CFO
finnCap Ltd	Tel: [phone]
Charlotte Stranner/ Victoria Bates
Newgate Threadneedle	Tel: [phone]
Caroline Evans-Jones / Hilary Millar

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, State Farm, Exxon Mobil, Pfizer, Goodyear, the Yorkshire Building Society, Pitney Bowes 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) and is a World Economic Forum Technology Pioneer with offices in Boston, MA, and Fareham, UK. For more information visit www.imaginatik.com.

 

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