REG - Glantus Holdings PLC - Change of Nominated Adviser and Broker

Glantus HoldingsAnnouncement

27/04/2022 07:16

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RNS Number : 4225J  Glantus Holdings PLC  27 April 2022

Glantus Holdings plc

("Glantus" or the "Company")

Change of Nominated Adviser and Broker

 

DUBLIN, Ireland, April 27, 2022 -- Glantus, the provider of accounts payable
automation and analytics solutions, is pleased to announce the appointment of
Shore Capital and Corporate Limited ("Shore Capital") as its Nominated Adviser
and Shore Capital Stockbrokers Limited as its Sole Broker with immediate
effect.

Further to the announcements by Arden Partners Plc on 11 and 14 April 2022
regarding the loss of its nominated adviser status upon the completion of its
recommended takeover, the Company has appointed Shore Capital as its nominated
adviser. Given the timing of the completion of the recommended takeover of
Arden Partners Plc, the Exchange has agreed that subject to initial due
diligence being undertaken, Shore Capital has until 5pm on 27 July 2022 to
complete its full due diligence.

There can be no guarantee on the outcome of the full due diligence and its
impact on Shore Capital's decision to continue to act as nominated adviser.
Accordingly, in such circumstances there is a risk that if Shore Capital does
not continue to act as nominated adviser following completion of its full due
diligence and the Company has not found an alternative nominated adviser, the
Company's AIM securities may be suspended pursuant to AIM Rule 1. If within
one month of that suspension, the Company has failed to appoint a replacement
nominated adviser, the admission of its AIM securities will be cancelled.

Notwithstanding the extension of time provided in respect of completing full
due diligence obligations at engagement, Shore Capital will continue to be
subject to all the ongoing nominated adviser responsibilities under the AIM
Rules for Nominated Advisers.

 

For further Information, contact:

Glantus Holdings plc
                                          +353 87
9452047

Maurice Healy, CEO

Grainne McKeown,CFO

ir@glantus.com (mailto:ir@glantus.com)

 

Shore Capital
 
+44 207 408 4090

Nominated Advisor and Broker

Patrick Castle / John More / Tom Knibbs (Corporate Advisory)

Andrew Beswick (Corporate Broking)

 

Flagstaff Strategic and Investor Communications

Tim Thompson    +   44 7710 718 649

Mark Edwards

Fergus Mellon

glantus@flagstaffcomms.com (mailto:glantus@flagstaffcomms.com)

 

About Glantus

Glantus is a global provider of accounts payable automation and analytics
solutions. The Glantus mission is to simplify data to drive constant
innovation. The award-winning Glantus Datashark Platform is rapidly deployed
around existing transactional systems to provide a single platform for
Accounts Payable transformation. The automation solutions recover lost working
capital, improve efficiency, and prevent errors. The advanced analytics
empower customers to make decisions based on real-time data. We connect all
AP systems and suppliers, eliminating cost and delivering new revenue
streams. Glantus champions the amazing potential of the AP industry by
freeing up its leaders, its best thinkers, and its doers to realise new
value. We work in tandem with our partners, to deliver joint enterprise
digital transformation solutions.  For more information see glantus.com
(https://www.glantus.com/)  .

 

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