Issue of Earnout Shares and Total Voting Rights

RNS Number : 9816V

Panoply Holdings PLC (The)

13 August 2020

 

 13 August 2020

The Panoply Holdings PLC

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

Issue of Earnout Shares and Total Voting Rights

T he Panoply Holdings PLC, the digitally-enabled technology services group focused on digital transformation, announces the admission of 254,023 new ordinary shares (the "Earnout Shares") to trading on the AIM market of the London Stock Exchange ("Admission"). The Earnout Shares represent a payment of £240,128.50 being the second of four tranches of a total further consideration payable in respect of the acquisition of Deeson Group Holdings Limited of £0.96m. The Earnout Shares are being issued at 94.53p. Further details in relation to the Earnout Shares are contained in the Company's announcement on 9 December 2019.

Application has been made to the London Stock Exchange for the 254,023 new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on or around 8.00 a.m. 17 August 2020. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

Following admission, the Company's issued share capital will comprise 55,672,143 Ordinary Shares and this is the total number of voting rights in the Company. There are no Ordinary Shares held in treasury. This number 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 Guidance and Transparency Rules. 

Enquiries:

The Panoply Holdings Neal Gandhi (CEO) Oliver Rigby (CFO) Stifel Nicolaus Europe Limited (Nomad and Broker) Via Alma PR [phone] Fred Walsh Alex Price Alma PR (Financial PR) Susie Hudson Josh Royston Harriet Jackson [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 across Europe, the Group collaborates with its clients to deliver the technology outcomes they're looking for at the pace that they expect and demand.

More information is available at www.thepanoply.com

 

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