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RNS Number : 2841Y
Panoply Holdings PLC (The)
08 September 2020
8 September 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 7,728,306 new ordinary shares of 1p in respect of
outstanding acquisition consideration totalling GBP6,547,036
("Earnout Shares").
Neal Gandhi and Oliver Rigby received 286,833 and 44,612 Earnout
Shares respectively in respect of the acquisitions as set out in
the following table:
Name Shares issued Total shares held Percentage of
post issue issued share capital
Neal Gandhi 286,833 9,779,584 14.5%
-------------- ------------------ ----------------------
Oliver Rigby 44,612 5,110,719 7.6%
-------------- ------------------ ----------------------
Remaining value of acquisition consideration to be issued
Following the issue, the Company has additional consideration to
pay totalling GBP14,288,758. The maximum further shares to be
issued as a result of this consideration is 18,666,977, which
reduces to 10,991,352 assuming the share price remained constant at
130p, being the closing mid market price on the day prior to this
announcement . Further details of the share issues are set out
below:
Value GBP'000s Minimum share price Max shares to be issued '000s Shares to be issued calculated based on
yesterday's closing share price
9,763 74p 13,194 7,510
-------------------- ------------------------------ -----------------------------------------------
1,306 82p 1,593 1,004
-------------------- ------------------------------ -----------------------------------------------
838 82.5p 1,015 645
-------------------- ------------------------------ -----------------------------------------------
2,382 83.125p 2,865 1,832
-------------------- ------------------------------ -----------------------------------------------
14,289 18,667 10,991
-------------------- ------------------------------ -----------------------------------------------
Timing of payment Value GBP'000s
of acquisition consideration
Within the next 6
months 4,219
---------------
Between 6-12 months 5,294
---------------
After 12 months 4,776
---------------
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 9
September 2020.
Following this issue of Earnout Shares and the shares issued in
relation to the acquisition of Difrent, the Company will have
67,318,815 Ordinary Shares in issue and no Ordinary Shares in
treasury. Therefore, the total voting rights in The Panoply will be
67,318,815. T his 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) Via Alma PR
Oliver Rigby (CFO)
Stifel Nicolaus Europe Limited +44 (0)207 710 7600
(Nomad and Broker)
Fred Walsh
Alex Price
Alma PR panoply@almapr.co.uk
(Financial PR) +44(0)203 405 0209
Susie Hudson
Josh Royston
Harriet Jackson
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 Initial notification
/Amendment
-------------------------- --------------------------------------
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 Ordinary Shares
the financial
instrument, type
of instrument
Identification ISIN: GB00BGGK0V60
code
b) Nature of the Receipt of vendor consideration
transaction shares
c) Price(s) and
volume(s)
286,833 ordinary shares at 118p
--------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
e) Date of the transaction 7 September 2020
f) Place of the Outside a trading venue
transaction
-------------------------- --------------------------------------
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 Initial notification
/Amendment
-------------------------- --------------------------------------
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 Ordinary Shares
the financial
instrument, type
of instrument
Identification ISIN: GB00BGGK0V60
code
b) Nature of the Receipt of vendor consideration
transaction shares
c) Price(s) and
volume(s)
44,612 ordinary shares at 118p
--------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
e) Date of the transaction 7 September 2020
f) Place of the Outside a trading venue
transaction
-------------------------- --------------------------------------
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September 08, 2020 02:02 ET (06:02 GMT)
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