Imagination Technologies Group plc announces
that following the acquisition of Kisel Microelectronics AB in December 2013,
it will be satisfying the contingent consideration due on the first anniversary
of the acquisition. As a result the Company has issued and allotted 85,852
ordinary shares of 10 pence. In
addition, the Company will make an earn-out payment relating to the acquisition
through a further issue of shares in February 2015.
Microelectronics AB is a provider of radio frequency IP for wireless
connectivity. This acquisition strongly complements the Ensigma connectivity IP
as well as boosting the SoC design services and IP platform delivery
An application has been made to The UK
Listing Authority and The London Stock Exchange for the 85,852 Ordinary shares
of 10 pence each, to trade on The London Stock Exchange and to be admitted to The
Official List. These shares shall rank equally with the existing issued shares
of the Company.
It is expected that admission of the shares
will take place on 23 January 2015.
|Imagination Technologies Group plc||Tel: 01923 260511|
|Richard Smith, CFO|
|Anthony Llewellyn, Company Secretary|