20th Jul 2015 07:49
LONDON (Alliance News) - Consultancy and technology products company Imaginatik PLC on Monday said it has raised GBP120,000 via a share subscription.
The company has issued 2 million shares at 6 pence per share to raise the funds, in a process run by Daniel Stewart & Co. Shares in Imaginatik were down 3.5% to 6.15 pence in early trade on Monday.
The subscription has been done to meet market demand for Imaginatik shares, it said, and the proceeds will be used for additional working capital.
Matt Cooper, non-executive chairman of Imaginatik, participated in the subscription, taking 250,000 of the shares on offer. That raises his stake in the company to 22.9 million shares, or 27.07% of the enlarged issued share capital of the business.
In addition to Cooper, Non-Executive Director Simon Charles subscribed for 100,000 of the shares, bringing his total interest in Imaginatik to 2.5 million shares, or a 2.96% stake.
By Sam Unsted; [email protected]; @SamUAtAlliance
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Related Shares:
ImaginatikDaniel Stewart Securities Plc