PROACTIS Holdings PLC Annual Report & Accounts and Notice of AGM (7353W)
13 December 2019 - 6:00PM
UK Regulatory
TIDMPHD
RNS Number : 7353W
PROACTIS Holdings PLC
13 December 2019
Proactis Holdings PLC
Posting of Annual Report & Accounts and Notice of AGM
Proactis Holdings PLC ("Proactis", the "Group" or the
"Company"), the global spend management solution provider,
announces that it has today posted to shareholders its Annual
Report and Accounts for the year ended 31 July 2019.
This includes a notice of the Company's Annual General Meeting
("AGM"), to be held at 10.00am on Wednesday 29 January 2020 at the
offices of finnCap, 60 New Broad Street, London, EC2M 1JJ (the "AGM
Notice"). The AGM Notice also includes details of a proposed
capital reduction.
The Annual Report and Accounts and AGM Notice are available on
the Company's website: www.proactis.com/investors.
Update on Formal Sales Process ("FSP")
As the Company stated at the time of the Final Results for the
Year Ended 31 July 2019 announced on 31 October 2019, the Board has
thoroughly reviewed and assessed the credibility of a number of
expressions of interest ("EOIs") following the Company's
announcement of the FSP on 29 July 2019. Certain EOIs have led to
more advanced discussions including the provision of detailed
financial information with regard to the business in a dataroom.
The Board has also completed a number of management team
presentations and are now evaluating a number of proposals with a
view to potentially proceeding to a final stage of due diligence.
The process remains ongoing. The Board reiterates that there can be
no certainty that any offer will be forthcoming or the terms of any
such offer.
For further information, please contact:
Proactis Holdings PLC
Tim Sykes, Chief Executive Officer 01937 545070 x1115 investorcontact@proactis.com
finnCap Ltd
Stuart Andrews/Carl Holmes/Matthew Radley - Corporate
Finance
Andrew Burdis/Richard Chambers - ECM 0207 220 0500
Alma PR 020 3405 0205
Rebecca Sanders-Hewett, Hilary Buchanan, Sam Modlin Proactis@almapr.co.uk
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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