Business
Stmnt re Share Price Movement
Stmnt re Share Price Movement.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \nRNS Number : 7540V Imaginatik PLC 25 July 2018 \n\n \nImaginatik PLC\n(\"Imaginatik\" or the \"Company\")\nShare price movement \n \nImaginatik plc (AIM: IMTK.L), the #1 ranked leader in corporate innovation management according to Forrester Research, notes its share price movement and can confirm that it is in the latter stages of negotiations with VM AV Corporate Services Limited (an investment vehicle of Vin Murria) for a £500,000 loan to be issued to the Company subject to finalisation of standard documentation.\n \nVin Murria is also in discussions to make a controlling equity investment (the \"Equity Investment\") at a price of between 2.5 pence and 5 pence per Ordinary Share in the Company conditional on the Takeover Panel waiving the obligation for her to make a general offer for the Company under Rule 9 of the Takeover Code.\n \nThere can be no guarantee that any of the above agreements will proceed. \n \nShould Vin Murria's Equity Investment be completed, and pursuant to Rule 22 of the AIM Rules for Nominated Advisers regarding conflicts of interest, finnCap will step down from their role as NOMAD with immediate effect as Vin Murria on the board of finnCap Ltd. It is envisaged that Vin will join the Board of Imaginatik, subject to regulatory checks.\n \n \nPursuant to Rule 1 of the AIM Rules, if the company does not appoint a replacement NOMAD upon the completion of the equity investment and finnCap's subsequent resignation, it will be suspended with immediate effect. The Company would then have one further month to appoint a replacement Nominated Adviser or else the admission of its AIM securities will be cancelled. \n \nThe Company is currently in discussions with a number of NOMAD firms with a view to announcing a replacement in due course.\n \nA further announcement will be made at the appropriate time.\n \nFor further information, please contact: \n \n\n\n\nImaginatik plc\n\n\nTel: 01329 243 243\n\n\n\n\nAngus Forrest, CEO\nShawn Taylor, CFO\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nfinnCap Ltd - Nomad and broker\n\n\nTel: 020 7220 0500\n\n\n\n\nJonny Franklin-Adams/Max Bullen-Smith, corporate finance\n\n\n\n\n\n\n\nCamille Gochez, corporate broking\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nPeterhouse Capital Limited - Joint broker\n\n\nTel: 02...