ITI Immersion Tech

    RNS Number : 1657Z
  Immersion Technologies Intl PLC
  16 July 2008
   

               
    16 July 2008


    Immersion Technologies International plc 
    ("Immersion Technologies" or "the Company")
        

    �185,000 Equity Placing


    The Company is pleased to announce that it has placed 18,500,000 ordinary shares of 0.7p each in the capital of the Company at a price
of 1p per ordinary share ("Placing Shares") with certain investors (the "Placing").

    Pursuant to the Placing, participants have additionally been granted one warrant to subscribe for an additional ordinary share in
Immersion Technologies for every two new ordinary shares subscribed in the Placing. These warrants are exercisable at 1.5p per share for a
period of five years from the date of admission of the Placing Shares to trading on AIM.

    The Placing proceeds of �185,000 will further enable the Company to continue to provide the necessary working capital for its growing
range of products and development of those products.

    The Placing Shares will represent approximately 7.5 per cent of the Company's enlarged issued share capital and application will be made
for the admission of the Placing Shares to trading on AIM. It is expected that dealings in the Placing Shares will commence at 8.00 a.m. on
22 July 2008.

    The total number of shares in issue and therefore the total number of voting rights following completion of the Placing will be
246,724,634.

    ENDS

    For further enquiries:
    


 Immersion Technologies                                                       
 International plc
 David Lenigas, Chairman                             Tel: +44 (0) 20 7016 5100
                 
 Kiran Morzaria                                      Tel: +44 (0) 20 7016 5100
                                                                              
 Nabarro Wells & Co. Limited *                                                
 Nominated Adviser
 Hugh Oram                                                +44 (0) 20 7634 4852
                                                                              
 St.Helens Capital * Nominated                                                
 Broker   
 Ruari McGirr                                             +44 (0) 20 7628 5582
                                                                              
 Pelham Public Relations                                                      
 Archie Berens                      +44 (0) 20 7743 6679 / +44 (0) 7802 442486
    

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