Source - LSE Regulatory
RNS Number : 3360G
PROACTIS Holdings PLC
23 July 2021
 

Proactis Holdings PLC

Exercise of Options, Director/PDMR Shareholding and Total Voting Rights

Proactis Holdings PLC ("Proactis", the "Group" or the "Company"), the business spend management solution provider, announces that it has issued and allotted 4,288,737 new ordinary shares of 10 pence each in the Company ("Ordinary Shares") pursuant to the exercise of options by a number of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other employees of the Company, in connection with the recommended acquisition of the Company by Café Bidco, a newly incorporated company to be indirectly owned by joint offerors: (i) investment funds advised and managed by Pollen Street Capital Limited; and (ii) investment funds advised and managed by DBAY Advisors Limited).

The following transactions occurred for Directors and PDMRs as shown below:

Director/ PDMR

Position

Number of Options over Ordinary Shares exercised

Exercise price per Ordinary Share

Options remaining after exercise

Share Plan

Tim Sykes

Chief Executive Officer

1,144,607

£0.10

-    

LTIP

Richard Hughes

Chief Financial Officer

381,535

£0.10

-    

LTIP

Tim Schaefers

Market Director (Benelux)

381,535

£0.10

-    

LTIP

Paul van Rietschoten

Chief Technology Officer

381,535

£0.10

-    

LTIP

Paul Massey

Product Director

381,535

£0.10

-    

LTIP

Craig Slater

Managing Director

68,673

£0.10

-    

LTIP

Ilija Ugrinic

UK Market Director

93,750

£0.10

-    

LTIP

Michael Ereli

US Market Director

93,750

£0.10

-    

LTIP Conditional Award

Oliver Jung

Market Director France

93,750

£0.10

-    

LTIP

Marco Schulten

Market Director (DACH)

93,750

£0.10

-    

LTIP

 

Admission

Following the above transactions, application has been made for the 4,288,737 new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on 26 July 2021. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

The total number of Ordinary Shares in issue following Admission will be 99,821,365. Accordingly, the figure of 99,821,365 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 and Transparency Rules.

 

PDMR Shareholdings

The total number of Ordinary Shares over which each Director/PDMR holds options and the total number of Ordinary Shares with voting rights held following Admission is:

Director/ PDMR

Position

Total number of Options over Ordinary Shares

Total number of Ordinary  Shares

Percentage of issued share capital

Tim Sykes

Chief Executive Officer

-

1,527,343

1.53%

Richard Hughes

Chief Financial Officer

-

396,535

0.40%

Tim Schaefers

Market Director (Benelux)

-

610,035

0.61%

Paul van Rietschoten

Chief Technology Officer

-

381,535

0.38%

Paul Massey

Product Director

-

384,005

0.39%

Craig Slater

Managing Director

-

269,730

0.27%

Ilija Ugrinic

UK Market Director

-

111,888

0.11%

Michael Ereli

US Market Director

-

93,750

0.09%

Oliver Jung

Market Director France

-

93,750

0.09%

Marco Schulten

Market Director (DACH)

-

93,750

0.09%

 

For further information, please contact:

Proactis Holdings PLC


Tim Sykes, Chief Executive Officer

 

01937 545070 investorcontact@proactis.com

finnCap Ltd

Carl Holmes/Fergus Sullivan - Corporate Finance

Andrew Burdis/Richard Chambers - ECM

 

0207 220 0500

 

 

Alma PR

Hilary Buchanan, Sam Modlin, David Ison

 

020 3405 0205

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

 

The Notification of Dealing Form set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Tim Sykes

2. 

Reason for the notification

a)

Position/status:

Chief Executive Officer

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

PROACTIS Holdings PLC

b)

LEI:

213800NX05KK2YWNRJ1

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 10 pence each

GB00B13GSS58

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£0.10

1,144,607

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

23 July 2021

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Richard Hughes

2. 

Reason for the notification

a)

Position/status:

Chief Financial Officer

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

PROACTIS Holdings PLC

b)

LEI:

213800NX05KK2YWNRJ1

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 10 pence each

GB00B13GSS58

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£0.10

381,535

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

23 July 2021

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Tim Schaefers

2. 

Reason for the notification

a)

Position/status:

Market Director (Benelux)

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

PROACTIS Holdings PLC

b)

LEI:

213800NX05KK2YWNRJ1

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 10 pence each

GB00B13GSS58

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£0.10

381,535

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

23 July 2021

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Paul van Rietschoten

2. 

Reason for the notification

a)

Position/status:

Chief Technology Officer

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

PROACTIS Holdings PLC

b)

LEI:

213800NX05KK2YWNRJ1

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 10 pence each

GB00B13GSS58

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£0.10

381,535

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

23 July 2021

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Paul Massey

2. 

Reason for the notification

a)

Position/status:

Product Director

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

PROACTIS Holdings PLC

b)

LEI:

213800NX05KK2YWNRJ1

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 10 pence each

GB00B13GSS58

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£0.10

381,535

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

23 July 2021

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Craig Slater

2. 

Reason for the notification

a)

Position/status:

Managing Director

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

PROACTIS Holdings PLC

b)

LEI:

213800NX05KK2YWNRJ1

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 10 pence each

GB00B13GSS58

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£0.10

68,673

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

23 July 2021

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Ilija Ugrinic

2. 

Reason for the notification

a)

Position/status:

UK Market Director

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

PROACTIS Holdings PLC

b)

LEI:

213800NX05KK2YWNRJ1

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 10 pence each

GB00B13GSS58

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£0.10

93,750

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

23 July 2021

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Michael Ereli

2. 

Reason for the notification

a)

Position/status:

US Market Director

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

PROACTIS Holdings PLC

b)

LEI:

213800NX05KK2YWNRJ1

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 10 pence each

GB00B13GSS58

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£0.10

93,750

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

23 July 2021

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Oliver Jung

2. 

Reason for the notification

a)

Position/status:

Market Director France

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

PROACTIS Holdings PLC

b)

LEI:

213800NX05KK2YWNRJ1

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 10 pence each

GB00B13GSS58

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£0.10

93,750

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

23 July 2021

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Marco Schulten

2. 

Reason for the notification

a)

Position/status:

Market Director France

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

PROACTIS Holdings PLC

b)

LEI:

213800NX05KK2YWNRJ1

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 10 pence each

GB00B13GSS58

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£0.10

93,750

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

23 July 2021

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

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