PHD.L Regulatory News (PHD)

Proactis Holdings PLC

Result of AGM

Proactis Holdings PLC ("Proactis", the "Group" or the "Company"), the global spend management and B2B eCommerce solution provider, announces that all resolutions put to shareholders at the Annual General Meeting held earlier today were duly passed.

A summary of proxy votes received for each resolution is set out in the table below. 

* The "For" votes include those giving the Chairman discretion.

**A vote "withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" the resolution.

***Denotes Special Resolutions.

Full details of each resolution were set out in the Notice of Annual General Meeting which is available on the Company's website at www.proactis.com/uk/investors/.

The Company notes that whilst all of the resolutions proposed were passed unanimously on a show of hands at the AGM, a significant number of proxy votes were lodged against Resolution 4, being the re-appointment of Rodney Potts as a Director of the Company. The Board notes that Mr Potts stood down as Chair of the Remuneration Committee when Sophie Tomkins was appointed as senior independent non-executive Director and the Company intends to appoint a further independent non-executive Director in the coming year, at which point Alan Aubrey will step down as Chair of the Audit Committee. Following that, both the Remuneration Committee and Audit Committee will be chaired by independent non-executive Directors.

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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 1,000 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.