PROACTIS Holdings PLC Completion of Acquisition and Re-admission (2190N)
August 07 2017 - 2:00AM
UK Regulatory
TIDMPHD
RNS Number : 2190N
PROACTIS Holdings PLC
07 August 2017
PROACTIS Holdings Plc
Completion of Acquisition
Re-admission of the Enlarged Share Capital to trading on AIM
PROACTIS Holdings Plc ("PROACTIS", the "Group" or the
"Company"), the specialist spend management solution provider,
confirms that it has completed the acquisition of Perfect Commerce
LLC ("Completion").
This follows the announcements on 7 July 2017 in relation to the
Acquisition and Placing, and on 31 July 2017 in relation to the
passing of the Resolutions at the General Meeting.
With Completion having occurred, the trading of the entire
issued share capital of the Company (the "Issued Shares") on AIM
will be cancelled (immediately prior to Re-admission) and will then
be re-admitted to trading on AIM. Application has been made by the
Company for the Issued Shares to be re-admitted to trading on AIM
and it is expected that Re-admission will occur and dealings will
commence by 8.00 a.m. today, 7 August 2017.
Following Re-admission, the total number of Shares in issue will
be 92,662,789. There are no Shares held in treasury. Accordingly,
the total number of voting rights in the Company on Re-admission
will be 92,662,789. This figure may be used by Shareholders as the
denominator for the calculations to determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
Hamp Wall, Chief Executive Officer of PROACTIS, commented:
"I am delighted that the combination of PROACTIS and Perfect
Commerce is now complete. The Enlarged Group has a great
opportunity to enhance its offer to its customers during what is an
exciting and innovative period in the industry. I look forward to
the challenge of delivering value to shareholders over the coming
years."
Defined terms used in this announcement will have the meaning
(unless the context otherwise requires) as set out in the Admission
Document which is available on the Company's website
www.proactis.co.uk. This announcement should be read in conjunction
with the Admission Document published by the Company on 7 July
2017.
Enquiries:
PROACTIS Holdings PLC
Hamp Wall, Chief Executive Officer Via Redleaf Communications
Tim Sykes, Chief Financial Officer
Redleaf Communications
Elisabeth Cowell
Sam Modlin 0207 382 4730
finnCap Ltd
Corporate Finance
Stuart Andrews
Carl Holmes
Emily Watts
Simon Hicks
Corporate Broking
Simon Johnson
Stephen Norcross
Alice Lane 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'
solutions are used in more than 1,000 organisations around the
world from the commercial, public and not-for-profit sectors.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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