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Placing and Open Offer to raise up to £1.9 million
Placing and Open Offer to raise up to £1.9 million.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \nRNS Number : 6951H Imaginatik PLC 09 June 2017 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN IMAGINATIK PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. \nImaginatik plc\n(\"Imaginatik\", the \"Company\" or together with its subsidiaries the \"Group\")\nPlacing and Open Offer to raise up to £1.9 million \nPosting of Circular and Notice of General Meeting\nPDMR Dealing\nImaginatik plc (AIM: IMTK.L), the innovation company, is pleased to announce that, following the announcement made earlier today, the Company has raised a total of £1.4 million (before expenses) by means of a conditional Placing with new and existing investors, of 68,731,445 new ordinary shares of 1 penny each (\"Placing Shares\") at a price of 2 pence per share (the \"Placing Price\").\nKey highlights\n· Proposed Placing to raise £1.4 million through the issue of 68,731,445 Placing Shares to existing and new investors, at 2 pence per Placing Share\n \n· The Placing Price represents a discount of 5.9 per cent. to the Closing Price on 8 June 2017, being the last trading date prior to announcement of the proposed Placing\n \n· The net proceeds of the Placing will be used to invest in sales and marketing, development of partnership channels and to support further investment in technology\n \nOpen Offer\nThe Company also confirms that Qualifying Shareholders will be given the opportunity to subscribe for New Ordinary Shares through an open offer to raise up to approximately £0.5 million, on the basis of 1 open offer share for every 6 shares held, at the Placing Price (\"Open Offer\").\nGeneral Meeting\n \nThe proposed Placing and Open Offer (together the \"Fundraising\") is subject to the passing of c...