Silicon Valley Bank

RNS Number : 6594S

Glantus Holdings PLC

13 March 2023

 

Glantus Holdings plc

(''Glantus'' or the ''Company'')

Silicon Valley Bank

Glantus (AIM: GLAN), the provider of Accounts Payable ("AP") automation and analytics solutions, confirms that it uses Silicon Valley Bank ("SVB") for its US operations. Glantus is proactively managing the situation and does not currently expect any significant operational difficulties. The Company's maximum exposure is expected to only slightly exceed the $250k amount which is insured by the FDIC. Consequently, the Board is confident that the current situation regarding SVB will not have a material impact on Glantus.

 Further updates will be made as appropriate.

Enquiries:

Glantus Holdings
Maurice Healy, CEO Diane Gray Smith, Interim CFO [e-mail]	+ 353 86 2677800
Shore Capital
Nominated Advisor and Broker Patrick Castle / John More / Tom Knibbs	+ 44 207 408 4090
Yellow Jersey PR
Charles Goodwin Annabelle Wills	[phone]

About Glantus Holdings plc

Glantus Holdings (AIM: GLAN) Glantus is a global provider of accounts payable automation and analytics solutions. Glantus' mission is to harness technology to drive innovation, unlocking efficiencies in AP to maximise working capital for global enterprise organisations. The award-winning Glantus DataShark Platform connects all AP systems and suppliers on one agile platform, eliminating cost and delivering new revenue streams. We work in tandem with our partners to deliver joint enterprise digital transformation solutions. For more information see glantus.com.

Founded in 2014 and headquartered in Dublin, Glantus has offices in the United States, United Kingdom, Poland and Costa Rica.  

 

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