Business
Subscription and Director Dealings
Subscription and Director Dealings.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \nRNS Number : 4445T Imaginatik PLC 20 July 2015 \n \n\n \n20 July 2015\n \nImaginatik Plc\n \n(\"Imaginatik\" or \"the Company\")\n \nSubscription to raise £120,000 and Director Dealings\n \nImaginatik plc (AIM: IMTK.L), the world's first full service innovation provider offering a range of consultancy and technology products, is pleased to announce a Subscription of 1,999,998 ordinary shares of 1 pence each in the capital of the Company (the \"Subscription Shares\") at a price of 6 pence per share (the \"Subscription Price\") to raise gross proceeds of c. £120,000 with new and existing institutional and other investors (the \"Subscription\"). The Subscription was conducted in conjunction with Daniel Stewart & Company.\n \nThe Subscription is being undertaken to satisfy market demand for shares in the Company and the proceeds will be used to provide additional working capital to fund the development of the business.\n \nAdmission\n \nThe Subscription is subject, inter alia, to admission of the Subscription Shares to trading on AIM (\"Admission\"), which is expected to occur at or around 8.00 a.m. on 23 July 2015. Application has been made to the London Stock Exchange for all of the Subscription Shares to be admitted to trading on AIM. The Subscription Shares will, when issued, rank pari passu in all respects with the Company's existing ordinary shares. \nTotal Voting Rights \nFollowing Admission, the Company will have 84,698,093 Ordinary Shares in issue. The Company has no shares in treasury, therefore the figure of 84,698,093 should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. \n \nRelated Party Transaction and Director Dealing\n \nMatt Cooper, Non-Executive Chairman of the Company, is participating in the Subscription at the Subscription Price, subscribing for 250,000 Subscription Shares. Following Admission, Mr. Cooper will have an interest in 22,929,576 Ordinary Shares, representing 27.07% of the Company's enlarged issued share capital. Simon Charles, Non-Executive Director of the Company, is participating in the Subscription at the...