Last checked at 15 Jan 2021 18:05
15 January 2021
The Panoply Holdings PLC
("The Panoply", or the "Group")
Block listing application
The Panoply Holdings PLC, the technology-enabled services group focused on digital transformation, announces that the Group has made an application to the London Stock Exchange for a block listing of 80,000 new ordinary shares of 1 penny each in the Company ("Ordinary Shares") to be admitted to trading on AIM.
The Ordinary Shares will be issued from time to time pursuant to Group's Share Incentive Plan (SIP) scheme. As set out at the time of the announcement of The Panoply's interim results on 30 November 2020, this SIP Plan is designed to reward and incentivise employees of the Group through tax-efficient salary sacrifice and a free matching award of Ordinary Shares on a one-for-one basis.
When issued, the Ordinary Shares under this block listing will rank pari passu with the Company's existing issued Ordinary Shares. It is expected that admission will be effective on 20 January 2021.
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About The Panoply
The Panoply is a digitally native technology services company, built to service clients' digital transformation needs. Founded in 2016, with the aim of identifying and acquiring best-of-breed specialist information technology, design and innovation consulting businesses across Europe, the Group collaborates with its clients to deliver the technology outcomes they're looking for at the pace that they expect and demand.