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IMImobile, a global cloud communications software and solutions provider, is pleased to announce the successful completion of the non-pre-emptive placing of ordinary shares in the capital of the Company announced earlier today (09/04/2020). 

A total of 7,415,575 Placing Shares, representing approximately 10 per cent. of the existing issued share capital of the Company, have been placed at a price of 300p per share, raising gross proceeds of £22.2 million. The Placing Price of 300p represents a discount of 8.4 per cent. to the mid-market closing price of 327.5p on 8 April 2020 (being the latest practicable date prior the date of this announcement).

Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that Admission will take place at 8.00 a.m. on 15 April 2020.

Singer Capital Markets is acting as Joint Broker and Joint Bookrunner to IMImobile alongside Investec.

About IMImobile plc

IMImobile is a communications software provider whose solutions enable enterprises to automate digital customer communications and interactions to improve customer experience and reduce operating costs. IMImobile’s enterprise cloud communications software platform orchestrates customer interactions, connecting existing business systems with digital communications channels. Organisations that trust them to deliver smarter digital customer engagement include Hermes, Centrica, AA, O2, EE, BT, Walgreens, Tracfone, Ooredoo, Best Buy, Express, three of the major retail banks in the UK and public-sector organisations globally.

IMImobile is headquartered in London with offices across the UK, Hyderabad, Toronto, Boca Raton, Dubai and Johannesburg and has over 1,100 employees worldwide.

Ticker: IMO
Market Cap: £244.95 million*
Website: Click here

*As at 09/04/2020

For more information on this news, please email us or call us on +44 (0)20 7496 3000.

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