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Completion of Placing

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RNS Number : 0164U
IMImobile PLC
12 January 2017
 

THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

12 January 2017

IMImobile PLC

("IMImobile" or the "Company")

Completion of Placing

IMImobile (AIM: IMO) is pleased to confirm that, pursuant to the announcement yesterday evening, 3,389,881 new ordinary shares of 10 pence each in the capital of the Company (the "Placing Shares") have been placed by Investec Bank plc ("Investec") and Whitman Howard Limited ("Whitman Howard") at a price of 159 pence per Placing Share with existing and new institutional investors, raising gross proceeds of approximately £5.4 million (the "Placing").

Applications have been made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place at 8.00 a.m. on 17 January 2017 and that dealings in the Placing Shares will commence at that time.

The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of 10 pence each in the share capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such shares after the date of issue of the Placing Shares.

For further information please contact:

 

IMImobile PLC

Jay Patel, Chief Executive Officer

Mike Jefferies, Chief Financial Officer

c/o Redleaf Communications

Tel: +44 (0)20 7382 4769

Redleaf Communications - PR adviser

Charlie Geller

Sam Modlin

 

Tel: +44 (0)20 7382 4769

imimobile@redleafpr.com

Investec Bank  - Nominated Adviser and Joint Broker

Dominic Emery

Henry Reast

 

Tel: +44 (0)207 597 4000

Whitman Howard - Joint Broker

Ranald McGregor-Smith

Francis North

Tel: +44 (0) 207 659 1234

 

About IMImobile PLC

IMImobile is a cloud communications software and solutions provider that enables companies to use mobile and digital technologies to communicate and engage with their customers.

Organisations that trust us to deliver smarter digital customer engagement solutions include Vodafone, O2, Telefonica, Aircel, Airtel, EE, BSNL, AT&T, MTN, France Telecom, Centrica, Universal Music, Tata, the AA, the BBC and major financial institutions.

IMImobile is headquartered in London with offices in Hyderabad, Atlanta, Dubai and Johannesburg and has over 800 employees worldwide. IMImobile is quoted on the London Stock Exchange's AIM market with the TIDM code IMO.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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