Business
Proposed Placing, Subscription and Open Offer
Proposed Placing, Subscription and Open Offer.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \nRNS Number : 5320L Imaginatik PLC 02 August 2011 \n \n\n \nFor release at 7.15 on 2 August 2011\nImaginatik plc (\"Imaginatik\" or the \"Company\")\nConditional Open Offer of 328,435,812 Ordinary Shares at 0.5 pence per share on the basis of 3 Offer Shares for every 2 Existing Ordinary Shares and conditional Placing and Subscription of up to 196,128,600 Ordinary Shares at 0.5 pence per share to the extent not taken up under the Open Offer \nImaginatik, (AIM: IMTK), a leading provider of enterprise collaborative software and processes, announces that it proposes to raise up to £1.64 million (before expenses) by way of a conditional Placing, Subscription and Open Offer. The terms of the Placing, Subscription and Open Offer are described in a document which is expected to be despatched to shareholders of the Company on 3 August 2011, containing a notice of general meeting of the Company to be held on 26 August 2011.\nFor further information please contact: \n\n\n\n\nImaginatik plc\n\n\nTel: 020 7917 2975\n\n\n\n\nMatt Cooper, Executive Chairman\nShawn Taylor, CFO\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nArbuthnot Securities Limited\n\n\nTel: 020 7012 2000\n\n\n\n\nTom Griffiths / Richard Johnson\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nThreadneedle Communications\n\n\nTel: 020 7653 9850\n\n\n\n\nCaroline Evans-Jones / Hilary Millar\n\n\n \n\n\n\n\nThe information set out below in this announcement has been extracted from the Chairman's letter set out in the document to be sent to shareholders, a copy of which will be available, on posting, on the Company's website, www.imaginatik.com in accordance with the AIM Rules for Companies: -\n\"Dear Shareholder,\n \nConditional Open Offer of 328,435,812 new Ordinary Shares at 0.5 pence per share on the basis of 3 Offer Shares for every 2 Existing Ordinary Shares and conditional Placing and Subscription of up to 196,128,600 Ordinary Shares at 0.5 pence per share to the extent not taken up under the Open Offer\n \nINTRODUCTION\nOn 2 August 2011, the Company announced that it proposed to raise up to £1.64 million (before expenses) by way of a Placing, Subscription and Open Offer, thus allowing the Company's existing Shareholders the opportunity to participate in the fundraising.\nThe terms of the Placing, Subscription and Open Offer are...