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Imagination Technologies shares advance on Apple extension

Imagination Technologies shares advance on Apple extension

Imagination Technologies (LON:IMG) shares advanced around 15% in early deals with the news that Apple has extended a multi-year licence agreement with the company.

It means that Apple will continue to us the company’s PowerVR graphics and video IP cores in its products.

The company will, as a result, continue to receive fees and royalty payments from the American tech firm.

In London, Imagination Technology shares were up 20p, or 12.3%, trading at 182p each.

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Article
September 17 2014

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