PROACTIS Holdings PLC Conversion of Convertible Loan Note & TVR (8109M)
January 11 2019 - 2:00AM
UK Regulatory
TIDMPHD
RNS Number : 8109M
PROACTIS Holdings PLC
11 January 2019
Proactis Holdings PLC
Conversion of Convertible Loan Note
and Total Voting Rights
PROACTIS Holdings PLC ("PROACTIS", the "Group" or the
"Company"), the global spend management and B2B eCommerce solution
provider, today announces that further to the announcement on 24
September 2018, Tripp Shannon has exercised conversion over 590,182
ordinary shares of 10p each in the share capital of the Company
("Ordinary Shares") and these Ordinary Shares have been issued and
allotted.
Mr Shannon has entered into an orderly marketing agreement which
govern the circumstances in which the Ordinary Shares issued to him
can be disposed of during the 12 months following the issue, the
terms of which are set out in the Company's admission document
dated 7 July 2017 and which is available from the Company's
website.
Application has been made for the 590,182 new Ordinary Shares to
be admitted to trading on AIM ("Admission") and dealings are
expected to commence on 16 January 2019. 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 95,218,796. Accordingly, the figure of 95,218,796 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.
For further information, please contact:
Proactis Holdings PLC
Tim Sykes, Chief Executive Officer 01937 545070 x1115 investorcontact@proactis.com
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.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Tripp Shannon
----------------------------------------- --------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status: Managing Director, US
----------------------------------------- --------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- --------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name: PROACTIS Holdings PLC
----------------------------------------- --------------------------------
b) LEI: 213800NX05KK2YWNRJ19
----------------------------------------- --------------------------------
4. Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been conducted
---------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 10 pence
type of instrument: each
Identification code: GB00B13GSS58
----------------------------------------- --------------------------------
b) Nature of the transaction: Conversion of convertible
loan note into ordinary shares
----------------------------------------- --------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
165 pence 590,182
----------
----------------------------------------- --------------------------------
d) Aggregated information: Single transaction as per
* Aggregated volume: 4 c above
* Price:
----------------------------------------- --------------------------------
e) Date of the transaction: 10 January 2019
----------------------------------------- --------------------------------
f) Place of the transaction: Off market transaction
----------------------------------------- --------------------------------
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
IOEGGUPCGUPBGMU
(END) Dow Jones Newswires
January 11, 2019 02:00 ET (07:00 GMT)
Proactis (LSE:PHD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Proactis (LSE:PHD)
Historical Stock Chart
From Jul 2023 to Jul 2024