14 Mar 2018 07:00
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 Ordinary Shares purchased
| Resultant number of Ordinary Shares held following the transaction | % of total voting rights following 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 |
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Hamp Wall, Chief Executive Officer Tim Sykes, Chief Financial Officer
| Via Redleaf Communications
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Redleaf Communications |
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Elisabeth Cowell Fiona Norman | 020 3757 6880 |
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finnCap Limited Corporate Finance Stuart Andrews | 0207 220 0500
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Carl Holmes Emily Watts
Corporate Broking Stephen Norcross |
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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 instrument, type of instrument: Identification code: | Ordinary shares of 10 pence each GB00B13GSS58 | ||||
b) | Nature of the transaction: | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as per 4 c above | ||||
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 instrument, type of instrument: Identification code: | Ordinary shares of 10 pence each GB00B13GSS58 | ||||
b) | Nature of the transaction: | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as per 4 c above | ||||
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 instrument, type of instrument: Identification code: | Ordinary shares of 10 pence each GB00B13GSS58 | ||||
b) | Nature of the transaction: | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as per 4 c above | ||||
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 instrument, type of instrument: Identification code: | Ordinary shares of 10 pence each GB00B13GSS58 | ||||
b) | Nature of the transaction: | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as per 4 c above | ||||
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