PROACTIS Holdings PLC Issue of Equity (9127G)

TIDMPHD

RNS Number : 9127G

PROACTIS Holdings PLC

13 May 2014

For immediate release 13 May 2014

PROACTIS Holdings PLC

Issue of equity

PROACTIS Holdings PLC ("PROACTIS", the "Group" or the "Company"), the specialist Spend Control software provider, today announces that 104,102 ordinary shares of 10p each in the share capital of the Company ("Ordinary Shares") have been issued and allotted pursuant to the exercise of share options by a former director.

Application has been made for the 104,102 new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on 16 May 2014. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

The total number of Ordinary Shares in issue following Admission will be 37,848,808. There are 63,777 Ordinary Shares held in Treasury. Accordingly, the figure of 37,785,031 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

 
 PROACTIS Holdings PLC 
 Rod Jones, Chief Executive Officer    Via Redleaf Polhill 
  Tim Sykes, Chief Financial Office 
 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 already used in over 400 organisations around the world from the commercial, public and not-for-profit sectors. It is the largest independent eProcurement solution provider to the UK Public Sector.

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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