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RNS Number : 3069S

PROACTIS Holdings PLC

07 July 2015

7 July 2015

PROACTIS Holdings PLC

Financial Director Appointment

PROACTIS Holdings PLC, a global Spend Control and eProcurement solution provider, is pleased to announce that, after further discussion with the Board, Tim Sykes has agreed to remain on the Board and become the Company's full-time Chief Financial Officer ("CFO").

For the last ten years, Tim has specialized in the provision of services to small listed companies on a part-time basis, sponsoring companies' development from a very early stage. Proactis has grown significantly in recent years and the Board expects this to continue. The Group now requires a full-time CFO which Tim originally felt didn't fit with his previous preference for working with smaller companies on a part-time basis. However, Tim shares in the Board's confidence in the future of the Group and this truly exciting opportunity. As a result, and on reflection, Tim has decided to join full-time and will play a leading role in the Group's M&A programme, its investor relations strategy and the commercialisation of the Group's Accelerated Payment Facility alongside the core responsibility of the CFO role.

The Board is delighted that Tim has chosen to step away from his existing business model, take up this challenge for Proactis and commit all of his energy on a full-time basis.

Enquiries:

 
 PROACTIS Holdings PLC 
 Rod Jones, Chief Executive Officer     Via Redleaf PR 
  Tim Sykes, Chief Financial Officer 
 Redleaf Communications 
 Rebecca Sanders-Hewett 
  Harriet Lynch                         020 7382 4730 
 
 finnCap Ltd 
  Stuart Andrews                        020 7220 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 is already used in over 400 organisations around the world from the commercial, public and not-for-profit sectors. It is the largest independent eProcurement solution provider to the UK Public Sector.

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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