Issue of Shares/PDMR dealing & total voting rights

RNS Number : 3106E
Panoply Holdings PLC (The)
05 November 2020
 

5 November 2020

The Panoply Holdings PLC

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

 

Issue of Shares / PDMR dealing and total voting rights

 

The Panoply Holdings PLC, the technology-enabled services group focused on digital transformation, announces that the Group has today issued 526,291 new ordinary shares of 1 pence each in respect of outstanding acquisition consideration totalling £637,339 ("Earnout Shares").

 

Neal Gandhi and Oliver Rigby received 75,372 and 2,437 Earnout Shares respectively in respect of the acquisitions as set out in the following table: 

 

Name

Shares issued

Total shares held post issue

Percentage of issued share capital

Neal Gandhi

75,372

9,924,516

14.5%

Oliver Rigby

2,437

5,115,435

7.5%

 

Remaining value of acquisition consideration to be issued


Following the issue, the Company has additional consideration to pay totalling £ 13,014,079. The maximum further shares to be issued as a result of this consideration is 16,944,438, which reduces to 11,568,070 assuming the share price remained constant at 112.5p, being the closing mid market price on 3 November 2020.  Further details of the share issues are set out below:

 

 

Value £'000s

Minimum share price

Max shares to be issued '000s

Shares to be issued calculated based on yesterday's closing share price

8,488

74p

11,471

7,545

1,306

82p

1,593

1,161

838

82.5p

1,015

745

2,382

83.125p

2,865

2,117

13,014

 

16,944

11,568

 

 

Timing of payment of acquisition consideration

Value £'000s

Within the next 6 months

4,578

Between 6-12 months

4,045

After 12 months

4,391

 

Admission to trading and total voting rights

 

An application has been made for the admission of the Earnout Shares to trading on AIM which is expected to take place on 12 November 2020.

 

Following this issue of Earnout Shares the Company will have 68,334,877 Ordinary Shares in issue and no Ordinary Shares in treasury. Therefore, the total voting rights in The Panoply will be 68,334,877. This figure may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Group 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 Joint Broker)

 

Via Alma PR

 

 

+44 (0)207 710 7600

Fred Walsh

Alex Price

 

 

Dowgate Capital Limited

(Joint Broker)

James Serjeant

David Poutney

 

 

+44 (0)203 903 7715

Alma PR

(Financial PR)

Susie Hudson

Josh Royston

Harriet Jackson

panoply@almapr.co.uk

+44(0)203 405 0209

 

 

 

 

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

 

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

 

Receipt of vendor consideration shares

c) Price(s) and volume(s)

 

 

63,186 ordinary shares at 117.75p

12,186 ordinary shares at 122.58p

 

 

 

 

 

d)

 

Aggregated information

 

N/A

- Aggregated volume

 

 

- Price

 

 

e)

Date of the transaction

 

5 November 2020

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

 

Receipt of vendor consideration shares

c) Price(s) and volume(s)

 

 

2,437 ordinary shares at 122.58p

 

 

 

 

 

d)

 

Aggregated information

 

N/A

- Aggregated volume

 

 

- Price

 

 

e)

Date of the transaction

 

5 November 2020

f)

Place of the transaction

 

Outside a trading venue

             

 

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