PROACTIS Holdings PLC Result of AGM (0228L)

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RNS Number : 0228L

PROACTIS Holdings PLC

19 December 2018

Proactis Holdings PLC

Result of AGM

Proactis Holdings PLC ("Proactis", the "Group" or the "Company"), the global spend management and B2B eCommerce solution provider, announces that all resolutions put to shareholders at the Annual General Meeting held earlier today were duly passed.

A summary of proxy votes received for each resolution is set out in the table below.

 
                       For*                 Against         Votes withheld**     Total votes 
                                                                                  cast (excl. 
                                                                                votes withheld) 
                   No. of      % of       No. of     % of 
                    votes     votes        votes    votes 
                               cast                  cast 
              -----------  --------  -----------  ------- 
 Resolution 
  1            59,092,984   100.00%            0    0.00%                  0         59,092,984 
              -----------  --------  -----------  -------  -----------------  ----------------- 
 Resolution 
  2            59,092,984   100.00%            0    0.00%                  0         59,092,984 
              -----------  --------  -----------  -------  -----------------  ----------------- 
 Resolution 
  3            59,082,338    99.98%       10,646    0.02%                  0         59,092,984 
              -----------  --------  -----------  -------  -----------------  ----------------- 
 Resolution 
  4            44,454,617    75.23%   14,638,367   24.77%                  0         59,092,984 
              -----------  --------  -----------  -------  -----------------  ----------------- 
 Resolution 
  5            59,082,338    99.98%       10,646    0.02%                  0         59,092,984 
              -----------  --------  -----------  -------  -----------------  ----------------- 
 Resolution 
  6            58,908,192    99.69%      184,792    0.31%                  0         59,092,984 
              -----------  --------  -----------  -------  -----------------  ----------------- 
 Resolution 
  7            58,908,192    99.69%      184,792    0.31%                  0         59,092,984 
              -----------  --------  -----------  -------  -----------------  ----------------- 
 Resolution 
  8***         50,717,612    85.83%    8,375,372   14.17%                  0         59,092,984 
              -----------  --------  -----------  -------  -----------------  -----------------

* The "For" votes include those giving the Chairman discretion.

**A vote "withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" the resolution.

***Denotes Special Resolutions.

Full details of each resolution were set out in the Notice of Annual General Meeting which is available on the Company's website at www.proactis.com/uk/investors/.

The Company notes that whilst all of the resolutions proposed were passed unanimously on a show of hands at the AGM, a significant number of proxy votes were lodged against Resolution 4, being the re-appointment of Rodney Potts as a Director of the Company. The Board notes that Mr Potts stood down as Chair of the Remuneration Committee when Sophie Tomkins was appointed as senior independent non-executive Director and the Company intends to appoint a further independent non-executive Director in the coming year, at which point Alan Aubrey will step down as Chair of the Audit Committee. Following that, both the Remuneration Committee and Audit Committee will be chaired by independent non-executive Directors.

For further information, please contact:

 
 Proactis Holdings PLC 
 Hamp Wall, Chief Executive Officer                     01937 545070 x1115 investorcontact@proactis.com 
  Tim Sykes, Chief Financial Officer 
 Newgate Communications 
 Elisabeth Cowell 
  Fiona Norman                                          020 3757 6880 
 
 finnCap Ltd 
  Stuart Andrews/Carl Holmes/Emily Watts - Corporate 
  Finance 
  Andrew Burdis/Richard Chambers - ECM                  0207 220 0500

Notes to Editors:

Proactis creates, sells and maintains software and services which enable organisations to streamline, control and monitor all indirect expenditure. Its solutions are used in approximately 1,000 buying organisations around the world from the commercial, public and not-for-profit sectors.

Proactis is head quartered in London and floated on the AIM market of the London Stock Exchange in June 2006.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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