PHD.L Regulatory News (PHD)

Proactis Holdings PLC

Directorate Change

Proactis Holdings PLC, ("Proactis", the "Group" or the "Company"), the business spend management solution provider, announces that Sophie Tomkins, Independent Non-Executive Director, has resigned from the Board with immediate effect, in order to focus on her other directorships.

In line with its earlier commitment to strengthen the independence of its non-executive directors, the Board is already undertaking a formal search process, with a number of candidates identified. This search will now also include the process of appointing Sophie's replacement.

Rodney Potts will replace Sophie Tomkins as the Chair of the Remuneration Committee in the interim period, until the non-executive search is concluded.

Alan Aubrey, Non-Executive Chairman, commented:

"On behalf of the Board I would like to thank Sophie for her contribution to the Group and wish her well for the future. As a Board we are committed to strong corporate governance, and we re-iterate that in accordance with the UK Governance Code, we intend to transition to a Board where at least half of its members, excluding the Chair, are independent non-executive directors. These discussions are ongoing, and the Board will announce further updates in due course."

For further information, please contact:

Notes to Editors:

Proactis creates, sells and maintains software and services which enable organisations to streamline, control and monitor all indirect expenditure. Its solutions are used in approximately 1,100 buying organisations around the world from the commercial, public and not-for-profit sectors.