Business
Appointment of NOMAD and Completion of Placing
Appointment of NOMAD and Completion of Placing.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \nRNS Number : 2366F Imaginatik PLC 26 October 2018 \n\nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (\"MAR\"). Prior to publication, certain information contained within this Announcement was deemed to constitute inside information for the purposes of Article 7 of MAR\n \nImaginatik plc\n(\"Imaginatik\" or \"the Company\")\n \nAppointment of new Nominated Adviser\nCompletion of Placing and Issuance of Convertible Unsecured Loan Notes\nOpen Offer to raise an additional £250,000\nRestoration of Trading\n \nFurther to the announcement dated 18 October 2018, Imaginatik plc (AIM: IMTK) plc, the #1 ranked leader in corporate innovation management, is pleased to announce a series of measures designed to restore the trading of the Company's shares on AIM, strengthen the finances of the Company, and to provide a stable and robust basis for the future development of the Company's operations.\nHighlights\n· Immediate restoration of trading on AIM;\n· Appointment of WH Ireland as the Company's Nominated Adviser (\"Nomad\") and joint broker with immediate effect;\n· Completion of a placing of new shares to raise gross proceeds of approximately £160,000 at a price of 1.1p (the \"Placing\");\n· Issuance of Convertible Unsecured Loan Notes (\"CLNs\") to raise an additional £90,000;\n· Proposed underwritten Open Offer Entitlement for Qualifying Shareholders on the basis of 1 Open Offer Share for every two Existing Ordinary Shares at same price of 1.1p issue price, raising an additional £250,000.\nDetails\nAppointment of new Nomad and joint broker\nThe Company is pleased to announce the appointment of WH Ireland as Nomad and joint broker with immediate effect.\n \nRestoration of trading in ordinary shares\nTrading in the Company's shares on AIM is expected to recommence at 7.30am on 26 October 2018.\n \nThe Placing\nUnder the terms of the Placing, the Company has placed 14,545,455 new ordinary shares of 0.002 pence each in the capital of the Company, representing approximately 29.7 per cent of the enlarged issued ordinary share capital of the Company, with Eight Capital Partners Plc (\"Eight Capital\"), an investment vehicle newly listed on the NEX Exchange Growt...