PROACTIS Holdings PLC Completion of Acquisition (3972P)
November 17 2016 - 2:00AM
UK Regulatory
TIDMPHD
RNS Number : 3972P
PROACTIS Holdings PLC
17 November 2016
PROACTIS Holdings PLC
Completion of Acquisition
PROACTIS Holdings PLC ("PROACTIS", the "Group" or the
"Company"), the specialist Spend Control software provider, is
pleased to announce that it has formally completed the acquisition
of Millstream Associates Limited ("Millstream").
This follows the announcements on 10 November 2016 in relation
to the Acquisition and Placing.
Rod Jones, Chief Executive of PROACTIS, said:
"Millstream is a clear complementary fit to the Group and we are
very pleased to have completed the acquisition, which marks the
next step in our growth strategy. We are excited by the potential
upside with cross-selling opportunities into both the PROACTIS and
Millstream customer bases. This acquisition enhances our scale and
broadens our capabilities and we look forward to integrating
Millstream into our business."
All terms in this announcement have the meaning given to them in
the announcement released by the Company on 10 November 2016 at
7.00 a.m., unless otherwise defined herein.
Enquiries:
PROACTIS Holdings PLC
Rod Jones, Chief Executive Officer Via Redleaf Communications
Tim Sykes, Chief Financial Office
Redleaf Communications
Rebecca Sanders-Hewett 0207 382 4730
Sarah Fabietti-Dallison PROACTIS@redleafpr.com
Sam Modlin
finnCap Ltd
Stuart Andrews/Carl Holmes/Emily
Watts - Corporate Finance
Stephen Norcross - Corporate Broking 0207 220 0500
The information communicated in this announcement (including the
Appendix) contains inside information for the purposes of Article 7
of the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQAKADBFBDDCDD
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November 17, 2016 02:00 ET (07:00 GMT)
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