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IMImobile raises £20.3 million and announces their proposed Acquisition of 3CInteractive Corp

IMImobile (AIM: IMO), a global cloud communications software and solutions provider, is pleased to announce the successful completion of the placing announced yesterday, raising gross proceeds of approximately $25.2 million (£20.3 million).

A total of 6,533,422 Placing Shares, representing approximately 9.7 per cent. of the existing issued share capital of the Company, have been placed at a price of 310p per share, raising gross proceeds of £20.3 million.

The Placing, which was funded through an accelerated bookbuild, will partially be used to fund IMImobile’s intended Acquisition of 3CInteractive Corp, a private US-cloud-based multichannel, customer engagement platform.

N+1 Singer is acting as Joint Broker and Joint Bookrunner alongside Investec Bank.

About IMImobile

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 us to deliver smarter digital customer engagement include Hermes, Centrica, AA, O2, EE, BT, Foxtons, Pizza Hut, Vodafone, MTN, three of the major retail banks in the UK and public-sector organisations globally.

Ticker: IMO
Current Market Cap: £213 million*
Website: Click Here

*As at 24/07/2019

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