TIDMPHD

RNS Number : 6270H

PROACTIS Holdings PLC

14 March 2018

PROACTIS Holdings PLC

Directors Shareholdings

PROACTIS Holdings PLC ("PROACTIS", the "Group" or the "Company"), the global Spend Control and eProcurement solution provider, was notified on 13 March 2018 that Hampton Wall (Chief Executive Officer), Tim Sykes (Chief Financial Officer), Rodney Potts (Non-Executive Director) and Alan Aubrey (Non-Executive Chairman), each purchased ordinary shares of 10 pence each in the Company ("Ordinary Shares"). The below notifications, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the transactions.

These Ordinary Shares were purchased pursuant to an agreement with an ex-employee of the Group with the acquisition price pre-agreed at 155 pence.

Directors Holdings

 
 Director                Number of          Resultant         % of total 
                   Ordinary Shares          number of      voting rights 
                         purchased    Ordinary Shares          following 
                                       held following    the transaction 
                                      the transaction 
---------------  -----------------  -----------------  ----------------- 
 Alan Aubrey                12,000          1,131,820              1.22% 
---------------  -----------------  -----------------  ----------------- 
 Rodney Potts               12,000          8,995,427              9.68% 
---------------  -----------------  -----------------  ----------------- 
 Tim Sykes                   7,001            247,736              0.27% 
---------------  -----------------  -----------------  ----------------- 
 Hampton Wall*              12,000             12,000              0.01% 
---------------  -----------------  -----------------  ----------------- 
 

* Mr Wall is the holder of a convertible acquisition loan note in the principal amount of $3.75 million, which was issued in partial payment of the purchase price due under the Perfect Commerce, LLC acquisition agreement. Further details in respect of these convertible loan notes can be found in the Company's Admission Document dated 7 July 2017.

For further information, please contact:

 
 PROACTIS Holdings PLC 
 Hamp Wall, Chief Executive     Via Redleaf Communications 
  Officer 
  Tim Sykes, Chief Financial 
  Officer 
 Redleaf Communications 
 Elisabeth Cowell 
  Fiona Norman                  020 3757 6880 
 
 finnCap Limited 
  Corporate Finance 
  Stuart Andrews                0207 220 0500 
 Carl Holmes 
  Emily Watts 
 
  Corporate Broking 
  Stephen Norcross 
 

Notes to Editors:

PROACTIS creates, sells and maintains software and services which enable organisations to streamline, control and monitor all internal and external expenditure other than payroll. 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:                              Alan Aubrey 
---  ---------------------------------  -------------------------- 
 2.   Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status:                   Non-Executive Chairman 
---  ---------------------------------  -------------------------- 
 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:                               213800NX05KK2YWNRJ1 
---  ---------------------------------  -------------------------- 
 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       Ordinary shares of 
       instrument, type of instrument:    10 pence each 
       Identification code:               GB00B13GSS58 
---  ---------------------------------  -------------------------- 
 b)   Nature of the transaction:         Purchase of Ordinary 
                                          Shares 
---  ---------------------------------  -------------------------- 
 c)   Price(s) and volume(s):              Price(s)     Volume(s) 
                                           -----------  ---------- 
                                            155 pence    12,000 
                                           -----------  ---------- 
---  ---------------------------------  -------------------------- 
 d)   Aggregated information:            Single transaction 
        *    Aggregated volume:           as per 4 c above 
 
 
        *    Price: 
---  ---------------------------------  -------------------------- 
 e)   Date of the transaction:           13 March 2018 
---  ---------------------------------  -------------------------- 
 f)   Place of the transaction:          Off market transaction 
---  ---------------------------------  -------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------- 
 a)   Name:                              Rodney Potts 
---  ---------------------------------  -------------------------- 
 2.   Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status:                   Non-Executive Director 
---  ---------------------------------  -------------------------- 
 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       Ordinary shares of 
       instrument, type of instrument:    10 pence each 
       Identification code:               GB00B13GSS58 
---  ---------------------------------  -------------------------- 
 b)   Nature of the transaction:         Purchase of Ordinary 
                                          Shares 
---  ---------------------------------  -------------------------- 
 c)   Price(s) and volume(s):              Price(s)     Volume(s) 
                                           -----------  ---------- 
                                            155 pence    12,000 
                                           -----------  ---------- 
---  ---------------------------------  -------------------------- 
 d)   Aggregated information:            Single transaction 
        *    Aggregated volume:           as per 4 c above 
 
 
        *    Price: 
---  ---------------------------------  -------------------------- 
 e)   Date of the transaction:           13 March 2018 
---  ---------------------------------  -------------------------- 
 f)   Place of the transaction:          Off market transaction 
---  ---------------------------------  -------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------- 
 a)   Name:                              Tim Sykes 
---  ---------------------------------  -------------------------- 
 2.   Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status:                   Chief Financial Officer 
---  ---------------------------------  -------------------------- 
 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       Ordinary shares of 
       instrument, type of instrument:    10 pence each 
       Identification code:               GB00B13GSS58 
---  ---------------------------------  -------------------------- 
 b)   Nature of the transaction:         Purchase of Ordinary 
                                          Shares 
---  ---------------------------------  -------------------------- 
 c)   Price(s) and volume(s):              Price(s)     Volume(s) 
                                           -----------  ---------- 
                                            155 pence    7,001 
                                           -----------  ---------- 
---  ---------------------------------  -------------------------- 
 d)   Aggregated information:            Single transaction 
        *    Aggregated volume:           as per 4 c above 
 
 
        *    Price: 
---  ---------------------------------  -------------------------- 
 e)   Date of the transaction:           13 March 2018 
---  ---------------------------------  -------------------------- 
 f)   Place of the transaction:          Off market transaction 
---  ---------------------------------  -------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------- 
 a)   Name:                              Hampton Wall 
---  ---------------------------------  -------------------------- 
 2.   Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status:                   Chief Executive Officer 
---  ---------------------------------  -------------------------- 
 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       Ordinary shares of 
       instrument, type of instrument:    10 pence each 
       Identification code:               GB00B13GSS58 
---  ---------------------------------  -------------------------- 
 b)   Nature of the transaction:         Purchase of Ordinary 
                                          Shares 
---  ---------------------------------  -------------------------- 
 c)   Price(s) and volume(s):              Price(s)     Volume(s) 
                                           -----------  ---------- 
                                            155 pence    12,000 
                                           -----------  ---------- 
---  ---------------------------------  -------------------------- 
 d)   Aggregated information:            Single transaction 
        *    Aggregated volume:           as per 4 c above 
 
 
        *    Price: 
---  ---------------------------------  -------------------------- 
 e)   Date of the transaction:           13 March 2018 
---  ---------------------------------  -------------------------- 
 f)   Place of the transaction:          Off market transaction 
---  ---------------------------------  -------------------------- 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 14, 2018 03:02 ET (07:02 GMT)

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