31 Mar 2014 07:00
PROACTIS Holdings PLC
("PROACTIS", "the Company" or "the Group")
Notice of General Meeting
PROACTIS Holdings PLC, a global Spend Control and eProcurement solution provider, announces that it has posted a circular to shareholders containing a Notice of General Meeting, to be held at the offices of Walker Morris LLP at Kings Court, 12 King Street, Leeds LS1 2HL at 10 a.m on 14 April 2014.
Following the recent placing of 4,400,000 new ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares"), raising gross proceeds of £2.2m to enable the Group to move forward with the M&A element of its growth strategy, the Directors consider that the authorities remaining to them to allot Ordinary Shares is insufficient. As such, the General Meeting is being convened in order to replenish the Directors' authorities to allot Ordinary Shares so that the Group is well positioned to maximise acquisition opportunities.
A copy of the circular is available on the Company's website, www.proactis.com.
Enquiries:
Notes to Editors: PROACTIS creates, sells and maintains specialist software which enables organisations to streamline, control and monitor all internal and external expenditure, other than payroll. PROACTIS is used in over 300 organisations around the world from the commercial, public and not-for-profit sectors.
PROACTIS is head quartered in Wetherby, West Yorkshire. It develops its own software using an in-house team of developers and sells through both direct and indirect channels via a number of Accredited Channel Partners.
PROACTIS floated on the AIM market of the London Stock Exchange in June 2006.
CLOUD COMPUTING is defined as location-independent computing, whereby shared servers provide resources, software, and data to computers and other devices on demand, as with the electricity grid.
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