Business
Trading Update & Directorate
Trading Update & Directorate.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n RNS Number : 4971A Imaginatik PLC 09 October 2009 \n \n9 October 2009\nImaginatik plc\n(\"Imaginatik\" or the \"Company\")\nTrading Update and Directorate Change\n\nImaginatik plc (AIM:IMTK), a provider of enterprise collaborative software and processes, is pleased to give an update on trading for the 6 month period ended 30 September 2009, and announces the appointment of Matthew Cooper as Chairman of the Board. \n\nTrading in the first half of the year finished with a strong second quarter in which the Company secured several significant contract wins. The £1.6m of new funds raised by way of a placing of new shares in August 2009 have allowed the Company to continue its investment in sales and marketing operations, providing a foundation for growth. This increased investment, combined with the strength of recurring revenue and cyclical new business generation in the second half of the year, means that trading is proceeding in line with market expectations for the full year. As announced at the time of the Company's AGM in July 2009, the Board expects to report a loss for the six months to 30 September 2009. \n\nThe Board remains confident of a successful outcome to the year as a whole.\n\nImaginatik is also pleased to announce the appointment, with immediate effect, of Matthew Jonathan Cooper as Non-executive Chairman of the Board, replacing Howard Marshall who retires from the Board today following three years with the Company. \n\nHoward Marshall, outgoing Chairman of Imaginatik, commented, \"During my three years with Imaginatik the business has taken significant strides in its development. With a supportive client base including some of the world's largest organisations and a market leading position I believe Imaginatik is well placed to continue with its strong growth and deliver increased shareholder value in the coming years. It has been my pleasure to nurture the Company during this time. I am now pleased to pass on the baton to a new Chairman with an excellent record in growing companies and with the skills and ambition to help Imaginatik fulfill its growth potential.\"\n\nMatt Cooper (42), a graduate of Princeton University and an American national, is an experienced public company director and investor. He has been the Chairman of Octopus Capital Limited since 2002 and is ...