Last checked at 9 Dec 2019 17:05
09 December 2019
The Panoply Holdings PLC
("The Panoply" or the "Company")
Issue of Earnout Shares and Total Voting Rights
The Panoply Holdings PLC, a digitally native technology services company, announces the admission of 291,065 new ordinary shares (the "Earnout Shares") to trading on the AIM market of the London Stock Exchange ("Admission"). The Earnout Shares represent the first of four tranches of further consideration payable in respect of the acquisition of Deeson Group Holdings Limited, totalling £0.96m. The Earnout Shares are being issued at 82.5p. Further details in relation to the Earnout Shares are contained in the Company's interim accounts, announced earlier today.
Application has been made to the London Stock Exchange for the 291,065 new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on or around 8.00 a.m. 13 December 2019. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Following admission, the total number of Ordinary Shares in issue will be 49,198,609. There are no Ordinary Shares held in treasury. The total number of voting rights in the Company is therefore 49,198,609. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
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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.
www.thepanoply.com