Toumaz Limited Imagination Technologies Group plc stake (6447P)
19 Febrero 2016 - 9:51AM
UK Regulatory
TIDMTMZ
RNS Number : 6447P
Toumaz Limited
19 February 2016
19 February 2016
Toumaz Limited
Imagination Technologies Group plc stake
Toumaz Limited (AIM: TMZ, 'Toumaz', the 'Group' or the
'Company'), a pioneer in ultra-low power wireless semiconductor
technology, notes that Imagination Technologies Group plc
('Imagination') has sold 175,323,698 shares in the Company,
representing 10.3% of the issued share capital, in a placing to
both new and existing investors.
Toumaz will continue to work in partnership with Imagination on
existing commercial arrangements.
The Group's next generation connected audio solution
incorporating Google Cast has already seen considerable interest
and remains on course for release in mid-2016.
The review of strategic options for Sensium Healthcare, as
announced on 21 January 2016 in the year-end trading update, is
progressing as expected and is on track to complete in the middle
of 2016.
The Group is expected to be cash-flow generative in
mid-2016.
Anthony Sethill, CEO of Toumaz, said:
"The demand from both new and existing shareholders for this
placing demonstrates the support for Toumaz's strategy. We are glad
to report that our next generation connected audio solution,
incorporating Google Cast, is on course for release in the middle
of 2016. The strategic review of Sensium Healthcare is progressing
as expected and the Board remains confident that this process will
complete in mid-2016."
Enquiries
+44 (0) 207 391
Toumaz Limited 0630
Anthony Sethill, Chief Executive
Officer
Jonathan Apps, Chief Financial
Officer
Peel Hunt LLP (Nominated Adviser +44 (0) 207 418
and Broker) 8900
Richard Kauffer/Euan Brown
+44 (0) 207 457
Instinctif Partners 2020
Adrian Duffield/Chantal Woolcock
About Toumaz (www.toumaz.com)
Toumaz Limited is a pioneer in low-power, wireless semiconductor
and software technologies for digital audio and healthcare. The
company has two divisions, Frontier Silicon and Sensium Healthcare.
Frontier Silicon provides chips, modules and software for digital
radio and connected audio devices. Sensium Healthcare develops
wireless solutions for patient monitoring.
This information is provided by RNS
The company news service from the London Stock Exchange
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February 19, 2016 10:51 ET (15:51 GMT)
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