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Imaginatik PLC (SYME)

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Tuesday 17 May, 2016

Imaginatik PLC

Funding Update

RNS Number : 4941Y
Imaginatik PLC
17 May 2016
 

Imaginatik plc

("Imaginatik" or "the Company")

 

Funding update

 

Further to the announcement made earlier today with respect to recent press speculation, the Company notes the comments regarding price, structure, quantum and timing of a fundraise.

 

The Board can confirm that it has received a good level of interest from existing and new investors and that it is looking to raise approximately £2.0m of which £500,000 is likely to be structured to allow some pro rata participation by existing shareholders. Whilst no decision has yet been taken on price, it can confirm that discussions with certain investors envisaged a price of 2.5 pence.

 

The timing of any fundraising has yet to be confirmed but an update is likely to be provided within a week. As set out in the earlier announcement, investors should note that there can be no certainty a fundraising will be completed.

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: 020 7220 0500

Jonny Franklin-Adams/Giles Rolls, corporate finance


Camille Gochez, corporate broking




Alma PR

Tel: 020 8004 4218

Hilary Buchanan


Caroline Forde


 

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, Exxon Mobil, Altria, Shell, Mayo Clinic, Goodyear, the Yorkshire Building Society, Caterpillar 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) with offices in Boston, MA, and Fareham, UK.

 

For more information visit www.imaginatik.com.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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