PROACTIS Holdings PLC Notice of General Meeting (5074D)

TIDMPHD

RNS Number : 5074D

PROACTIS Holdings PLC

31 March 2014

PROACTIS Holdings PLC

("PROACTIS", "the Company" or "the Group")

Notice of General Meeting

PROACTIS Holdings PLC, a global Spend Control and eProcurement solution provider, announces that it has posted a circular to shareholders containing a Notice of General Meeting, to be held at the offices of Walker Morris LLP at Kings Court, 12 King Street, Leeds LS1 2HL at 10 a.m on 14 April 2014.

Following the recent placing of 4,400,000 new ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares"), raising gross proceeds of GBP2.2m to enable the Group to move forward with the M&A element of its growth strategy, the Directors consider that the authorities remaining to them to allot Ordinary Shares is insufficient. As such, the General Meeting is being convened in order to replenish the Directors' authorities to allot Ordinary Shares so that the Group is well positioned to maximise acquisition opportunities.

A copy of the circular is available on the Company's website, www.proactis.com.

 
 Enquiries: 
   PROACTIS Holdings PLC 
   Rod Jones, Chief Executive     Via Redleaf Polhill 
    Officer 
    Tim Sykes, Chief Financial 
    Officer 
   Redleaf Polhill 
   Rebecca Sanders-Hewett 
    Jenny Bahr                    0207 382 4730 
 
   finnCap Limited 
    Stuart Andrews 
    Charlotte Stranner            0207 220 0500 
 
 
  Notes to Editors: 
  PROACTIS creates, sells and maintains specialist software 
  which enables organisations to streamline, control and monitor 
  all internal and external expenditure, other than payroll. 
  PROACTIS is used in over 300 organisations around the world 
  from the commercial, public and not-for-profit sectors. 
 
  PROACTIS is head quartered in Wetherby, West Yorkshire. It 
  develops its own software using an in-house team of developers 
  and sells through both direct and indirect channels via a 
  number of Accredited Channel Partners. 
 
  PROACTIS floated on the AIM market of the London Stock Exchange 
  in June 2006. 
 
  CLOUD COMPUTING is defined as location-independent computing, 
  whereby shared servers provide resources, software, and data 
  to computers and other devices on demand, as with the electricity 
  grid.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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