Issue of Bonus Shares, PDMR Dealings and TVR

RNS Number : 2467E

Panoply Holdings PLC (The)

06 July 2021

 

6 July 2021

The Panoply Holdings Plc

("The Panoply", or the "Group")

Issue of Bonus Shares, PDMR Dealings and Total Voting Rights

The Panoply Holdings Plc, the digitally-enabled technology services group focused on digital transformation, announces it has issued 44,427 new Ordinary shares of 1 pence each in the Company pursuant to an issuance of bonus shares to employees (the "Bonus Shares") offered under its Share Incentive Plan ("SIP").

The Bonus Shares are being issued as part of the Group's annual remuneration review and in recognition of the hard work by its employees during the last financial year as well as throughout the COVID-19 pandemic. The Bonus Shares are being issued under the SIP in accordance with HMRC rules and have a monetary value of £500 per employee as at close on 2 July 2021.

As part of this, Neal Gandhi and Oliver Rigby received 177 and 177 Bonus Shares each under the SIP as set out in the following table:  

Name	Shares issued	Total shares held post issue	Percentage of issued share capital
Neal Gandhi	177	10,197,974	12.3%
Oliver Rigby	177	5,102,055	6.2%

An application has been made for the 44,427 Bonus Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. on or around 9 July 2021.

Total voting rights

Following Admission, the Company's total issued share capital will consist of 82,615,929 ordinary shares of 1 penny each ("Ordinary Shares") with one voting right per share. The Company does not hold any Ordinary Shares in treasury.

Therefore, the total number of voting rights in the Company will be 82,615,929.

The above figure of 82,615,929 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.

Enquiries:

The Panoply Holdings Neal Gandhi (CEO) Oliver Rigby (CFO) Stifel Nicolaus Europe Limited (Nomad and Joint Broker) Via Alma PR [phone] Alex Price Fred Walsh Dowgate Capital Limited (Joint Broker) James Serjeant David Poutney [phone] Alma PR (Financial PR) Susie Hudson Kieran Breheny Matthew Young [e-mail] [phone]

About The Panoply

The Panoply is a digitally-native technology services company, built to service clients' digital transformation needs. Founded in 2016, with the aim of identifying and acquiring best-of-breed specialist information technology, design and innovation consulting businesses, the Group collaborates with its clients to deliver the technology outcomes they're looking for at the pace that they expect and demand.

The Group is being increasingly recognised as a leading alternative digital transformation provider to the UK public services sector, with 71% of its client base representing public services and 29% representing the commercial sector.

1		Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neal Gandhi
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	The Panoply Holdings Plc
b)	LEI	2138004S9O18Q6F9MS74
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	Ordinary Shares
	Identification code	ISIN: GB00BGGK0V60
b)	Nature of the transaction	Allocation of Bonus Shares under The Panoply Holdings PLC Share Incentive Plan
c) Price(s) and volume(s)			Bonus Shares: 177 ordinary shares at 282.5p
d)	Aggregated information - Aggregated volume - Price	Bonus Shares: 177 shares £500
e)	Date of the transaction	06 July 2021
f)	Place of the transaction	Outside a trading venue
1		Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Oliver Rigby
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	The Panoply Holdings Plc
b)	LEI	2138004S9O18Q6F9MS74
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	Ordinary Shares
	Identification code	ISIN: GB00BGGK0V60
b)	Nature of the transaction	Allocation of Bonus Shares under The Panoply Holdings PLC Share Incentive Plan
c) Price(s) and volume(s)		Bonus Shares: 177 ordinary shares at 282.5p
d)	Aggregated information - Aggregated volume - Price	Bonus Shares: 177 shares £500
e)	Date of the transaction	06 July 2021
f)	Place of the transaction	Outside a trading venue

 

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