Imaginatik In Talks With Possible Buyers, Hopes To Conclude By May

21st Mar 2018 12:06

LONDON (Alliance News) - Management software and services company Imaginatik PLC said on Wednesday it is in talks with a number of possible buyers of the company, almost two months after putting itself up for sale.

Imaginatik said at the start of February it had decided to conduct a review of various strategic options, one of which being a possible sale of the company, as it did not believe its London share price reflected either the value of its platform itself of the company's growth prospects.

It was mindful, it said at the time, shareholder value could be maximised by a sale of the company to a bigger organisation.

Imaginatik is now in "detailed" discussions with "certain parties" over a sale, and it hopes to make an announcement on the outcome of talks by the end of May.

Shares were down 3.1% on Wednesday at a price of 1.26 pence each.