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Proactis Holdings Plc

Proactis acquisition of Perfect Commerce is now complete

PROACTIS Holdings Plc LON:PHD the specialist spend management solution provider, confirms that it has completed the acquisition of Perfect Commerce LLC.

This follows the announcements on 7 July 2017 in relation to the Acquisition and Placing, and on 31 July 2017 in relation to the passing of the Resolutions at the General Meeting.

With Completion having occurred, the trading of the entire issued share capital of the Company on AIM will be cancelled and will then be re-admitted to trading on AIM. Application has been made by the Company for the Issued Shares to be re-admitted to trading on AIM and it is expected that Re-admission will occur and dealings will commence by 8.00 a.m. today, 7 August 2017.

Following Re-admission, the total number of Shares in issue will be 92,662,789. There are no Shares held in treasury. Accordingly, the total number of voting rights in the Company on Re-admission will be 92,662,789. This figure may be used by Shareholders as the denominator for the calculations to 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.

Hamp Wall, Chief Executive Officer of PROACTIS, commented: “I am delighted that the combination of PROACTIS and Perfect Commerce is now complete. The Enlarged Group has a great opportunity to enhance its offer to its customers during what is an exciting and innovative period in the industry. I look forward to the challenge of delivering value to shareholders over the coming years.”

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.