PROACTIS Holdings PLC Directorate Change (1647S)
December 19 2016 - 2:00AM
UK Regulatory
TIDMPHD
RNS Number : 1647S
PROACTIS Holdings PLC
19 December 2016
Date: 19 December 2016
On behalf of: PROACTIS Holdings PLC ("PROACTIS" the "Company"
or the "Group")
Embargoed until: 0700hrs
PROACTIS Holdings PLC
Directorate change
PROACTIS Holdings PLC, the specialist Spend Control software
provider, announces that Rod Jones has today tendered his
resignation as a director of the Company and from his position as
Chief Executive Officer ("CEO"). Rod is 64 years old and after 14
years of service has given notice in order to retire. Rod will work
his 12 month notice period to ensure an orderly handover of
responsibilities and, during this period, the Company's current
Chief Financial Officer ("CFO"), Tim Sykes, will be the CEO
Designate whilst the Company commences a search for a new CFO. Rod
is beneficially interested in 1,952,720 ordinary shares
representing c.4.0 per cent. of the current issued share capital of
the Company. In addition, Rod holds options over a total of
1,070,960 ordinary shares at a weighted average exercise price of
47.4p per ordinary share.
Alan Aubrey, Non-Executive Chairman, commented:
"Rod has been the CEO of PROACTIS since 2002 and has grown the
Company from a small start-up, through floatation into its current
position as the UK's leading supplier of Spend Control solutions
and an emerging global player. He will be missed by all when he
does retire but will leave behind a very strong team to execute the
Company's strategy and accelerate its progress."
Enquiries:
PROACTIS Holdings PLC
Alan Aubrey, Non-executive Chairman Via Redleaf PR
Tim Sykes, CEO Designate
Redleaf PR 020 7382 4730
Rebecca Sanders-Hewitt Proactis@redleafpr.com
Sarah Fabietti
Sam Modlin
finnCap Limited
Stuart Andrews 0207 220 0500
Carl Holmes
Emily Watts
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
used in approximately 800 organisations around the world from the
commercial, public and not-for-profit sectors.
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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