PHD.L Regulatory News (PHD)

3 March 2020

Proactis Holdings PLC

Share Capital Reduction Effective

Proactis Holdings PLC ("Proactis", the "Group" or the "Company"), the global spend management solution provider, today announces that the High Court of England and Wales sanctioned the Company's application for its Capital Reduction on 18 February 2020.

The Capital Reduction, as described in the Notice of 2019 Annual General Meeting (which is available on the Company's website https://www.proactis.com/Proactis/media/Proactis/Investors/ PHD_Notice2019.pdf), was approved by shareholders at the Annual General Meeting held on 29 January 2020. The order of the High Court confirming the Capital Reduction and the statement of capital approved by the High Court in connection therewith were registered by the Registrar of Companies on 27 February 2020, whereupon the Capital Reduction became effective.

The Company confirms that, following the Capital Reduction, the issued share capital of the Company comprises 95,532,628 ordinary shares of 10p each. The total number of voting rights in the Company is therefore 95,532,628.

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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 1,100 buying organisations around the world from the commercial, public and not-for-profit sectors.