PHD.L Regulatory News (PHD)

Proactis Holdings PLC

Posting of Annual Report & Accounts and Notice of AGM

Proactis Holdings PLC, the business spend management solution provider, announces that it has posted to shareholders its Annual Report and Accounts for the year ended 31 July 2020 and the accompanying Notice of General Meeting.

The Company's Annual General Meeting ("AGM") will be held at 2.00 pm on 14 December 2020 at 2nd Floor, 1 Riverview Court, Castle Gate, Wetherby, West Yorkshire LS22 6LE (see below).

Important Information Regarding Annual General Meeting

The Company is closely monitoring the COVID-19 situation, including UK Government regulations and guidance and will continue to do so in the lead up to the AGM.

In light of the ongoing COVID-19 pandemic and the recent UK Government regulations relating to the 'lockdown' in England, effective from 5 November 2020, and the current uncertainty as to what will be permitted after 2 December 2020 (the expiry date of the current restrictions), as well as the new provisions set out in Schedule 14 of the Corporate Insolvency and Governance Act 2020, the Board has determined that this year's AGM will be held in a different format to that of previous years, while still allowing Shareholders to exercise their voting rights. The health and safety of Shareholders and colleagues is always our main priority and we are committed to supporting UK Government's efforts in relation to this pandemic.

The AGM will take place as a closed meeting (unless notified otherwise via our website at www.proactis.com/uk/investors). This means the AGM will be held only with the minimum number of persons participating to ensure a valid meeting is held. Two Directors, each of whom is either a Shareholder, or a proxy or corporate representative appointed by a Shareholder, will participate in the meeting. Please do not travel to the AGM as anyone who seeks to attend in person will be refused entry. We therefore strongly urge all Shareholders to register their votes in advance by appointing the chairman of the AGM as their proxy and giving him/her voting instructions. We do not recommend the appointment of any other person as your proxy as they will not be able to participate in the AGM and your vote(s) will not be counted.

The Board recognises the ongoing importance of communication with Shareholders at this time. Accordingly, Shareholders are encouraged to participate at the AGM by raising any questions in advance of the meeting by emailing Richard Hughes, at richard.hughes@proactis.com by 12.00 pm on 10 December 2020. Answers to questions on key themes will be provided via a 'Questions and Answers' document which will be available to view on the Company's website (as referred to above) from or about the date of the AGM.

The Annual Report and Accounts and AGM Notice are available on the Company's website: www.proactis.com/investors.

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.