Img Tech raises £7.2M

[pmac]

http://www.imgtec.com/News/Release/index.asp?ID=206

Imagination Technologies Group plc (the “Company†and, together with

its subsidiaries, “Imaginationâ€) today announces that it is raising

£7.2 million (before expenses) through a placing (the “Placingâ€) of

8,519,530 new ordinary shares in the capital of the Company (the

“Placing Sharesâ€) at a price of 85 pence per Placing Share (the

“Placing Priceâ€).

The Placing Shares are equivalent to approximately 4.73 per cent. of

the Company’s existing issued share capital and will, when issued,

represent approximately 4.52 per cent. of the Company’s enlarged issued

share capital.

The net proceeds of the Placing will be used to supplement existing

resources and demonstrate a strengthened financial position to existing

and prospective partners. The additional funds will also be available

to fund working capital at a time when Imagination remains heavily

dependent on licensing income, the timing of which can be difficult to

predict.

I wonder what's happening at Img Tech ?

 

[I.S.T.]

Ailuros, Simon F and Kristof just wanted some hookers is all....

 

[PatrickL]

For that price i hope that "some" was including highly competent ones

 

[Simon F]

Ailuros, Simon F and Kristof just wanted some hookers is all....

Firstly, Ailuros doesn't work here and, secondly, Rugby players are cheaper than that.

 

[I.S.T.]

I thought he did.


They are that cheap? Those must be some damn lousy players then.

 

[Trawler]

Firstly, Ailuros doesn't work here and, secondly, Rugby players are cheaper than that.

They are that cheap? Those must be some damn lousy players then.

Sir Clive is having a clearance sale at the moment. Get in while you can and you can pick up some washed up poms at rock bottom price!

*runs*

 

[nutball]

Firstly, Ailuros doesn't work here and, secondly, Rugby players are cheaper than that.

They are that cheap? Those must be some damn lousy players then.

Sir Clive is having a clearance sale at the moment. Get in while you can and you can pick up some washed up poms at rock bottom price!

*runs*

Yeah, but we won the World Cup

 

[Simon F]

Yeah, but we won the World Cup

That's true, you did. One only wonders how.

 

[I.S.T.]

Wow, I make a joke about prostitutes and it turns into a rugby discussion. B3D rules.

 

[nutball]

Yeah, but we won the World Cup

That's true, you did. One only wonders how.

By beating Australia in Australia, as I recall.

 

[Simon F]

By beating Australia in Australia, as I recall.

Oooh you know how to wound a man. Still, it reminds me of a football/soccer match a little while back.

 

[PatrickL]

I read somewhere there were more people in england watching the football match than the Rugby final