16th Apr 2013 12:20
16 April 2013
Imaginatik Plc
("Imaginatik" or the "Company")
Capital Market Strategy Update
Imaginatik plc (AIM: IMTK.L), the world's first full service innovation provider offering a range of technology products and consultancy, today announces an update to the statement made on 7 February 2013.
The Company has completed discussions with all of its main institutional investors and has concluded that given the strong support for the Company the best option for Imaginatik and all its shareholders is to remain on AIM.
The Board is currently in advanced discussions with institutional investors regarding the future funding arrangements of the Company.
Matt Cooper, Executive Chairman of Imaginatik, commented: "While a return to revenue growth has not been as swift as we would have liked, we have secured a record number of new customers in the last financial year and continue to firmly believe in the long-term prospects for Imaginatik. We have been greatly encouraged by the considerable support shown by our major institutional shareholders with regards to the Company's strategy of transitioning from pure product sales to a model of consultancy-led sales and are optimistic of a successful future as an AIM listed company."
For further information please contact:
Imaginatik plc | Tel: 020 7917 2975 |
Matt Cooper, Executive Chairman / Shawn Taylor, CFO | |
Northland Capital Partners Limited | Tel: 020 7796 8800 |
Edward Hutton / William Vandyk | |
Newgate Threadneedle | Tel: 020 7653 9850 |
Caroline Evans-Jones / Hilary Millar |
About Imaginatik
Imaginatik provides a range of Innovation solutions comprised of consultancy, enterprise software and program management to deliver innovation results to companies such as The World Bank, The Chubb Group of Insurance Companies, State Farm, Exxon Mobil, Pfizer, Goodyear, Paccar and Cargill. Few companies possess the internal capability to consistently generate fresh ideas, identify those worth pursuing and reliably transform them into real, value-enhancing assets. Imaginatik's mission is to help these companies build sustainable innovation competencies.
Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World Economic Forum Technology Pioneer with offices in Boston, MA, and Fareham, UK. For more information visit www.imaginatik.com.
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