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Imagination Technologies Group PLC (IMG.L)

IMG.L on London Stock Exchange

138.25GBp
21 Jul 2017
Change (% chg)

-6.75 (-4.66%)
Prev Close
145.00
Open
145.00
Day's High
146.75
Day's Low
137.75
Volume
1,713,412
Avg. Vol
3,626,016
52-wk High
297.50
52-wk Low
76.00

Latest Key Developments (Source: Significant Developments)

Imagination Technologies to sell MIPS and Ensigma units
Thursday, 4 May 2017 02:13am EDT 

May 4 (Reuters) - Imagination Technologies Group Plc :Has decided to actively market MIPS and Ensigma businesses for sale.MIPS is focused on the embedded processor markets and completed a number of deals with major customers during the last financial year.Ensigma offers leading, comprehensive IP licensing for connectivity in mobile computing, unmanned systems and IoT, with low power capability.Finished financial year strongly with results expected to be in line with board's expectations.Imagination has been unable to make satisfactory progress with Apple to date regarding alternative commercial arrangements for the current licence and royalty agreement.Imagination has therefore commenced the dispute resolution procedure under the licence agreement with a view to reaching an agreement through a more structured process.Imagination has reserved all its rights in respect of Apple's unauthorised use of Imagination's confidential information and Imagination's intellectual property rights..  Full Article

Imagination Tech returns to profitability in first half
Tuesday, 6 Dec 2016 02:00am EST 

Imagination Technologies Group Plc : Group returned to profitability . Continuing operations adjusted ebit. up 65% to £12.2m (h1 fy16: £7.4m) . Board's expectations for full year for continuing operations remain unchanged .H1 revenue rose 6 percent to 64.4 million stg.  Full Article

Imagination Tech names Nigel Toon as non-executive director
Wednesday, 10 Aug 2016 01:27pm EDT 

Imagination Technologies Group Plc :Appointment of Nigel Toon as a non-executive director of company. Nigel will join board with immediate effect..  Full Article

Imagination Technologies posts FY loss
Tuesday, 5 Jul 2016 02:09am EDT 

Imagination Technologies Group Plc : Fy revenue fell 20 percent to 141.4 million stg . Licensing revenue from continuing operations £17.1m (2015: £37.8m) - includes one-off £5.7m revenue reversal for soc design contract . Royalty revenue from continuing operations £102.7m (2015: £118.4m) . Well positioned to take advantage of a number of attractive end markets and deliver profitable growth . Results in line with trading update published 26 may 2016 . Results in line with trading update published 26 may 2016 . fy. Adjusted operating loss. for continuing operations £16.5m (2015: profit £29.8m) .Adjusted loss per share was 9.2p (2015: earnings 6.3p); reported loss per share was 29.8p (2015: loss 4.9p)..  Full Article

Imagination Tech warns on full-year revenue and loss
Thursday, 26 May 2016 02:00am EDT 

Imagination Technologies Group Plc : Year-End trading and restructuring update . Underlying performance, before one-off items, has continued to be broadly in line with expectations . Royalty revenue was slightly ahead with licensing revenue behind . Now expects revenues and adjusted loss before interest and tax from continuing operations to be materially below market expectations .One-Off contract adjustments and bad debts have no negative impact on fy17.  Full Article

Imagination Technologies Group PLC announces CEO change
Monday, 8 Feb 2016 02:00am EST 

Imagination Technologies Group PLC:Says Sir Hossein Yassaie has stepped down as Chief Executive with immediate effect.Says Andrew Heath, one of the non-executive directors, has been appointed Interim Chief Executive.  Full Article

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Apple challenges Imagination Technologies' disclosure timing

Apple Inc on Friday disputed the timeline of events leading up the disclosure by Imagination Technologies Group Plc that Apple plans to drop the graphics chip supplier, a loss of the UK company's largest customer that sent shares plummeting.