REG - Glantus Holdings PLC - Result of Extraordinary General Meeting and TVR

Glantus HoldingsAnnouncement

16/03/2023 13:30

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RNS Number : 2555T  Glantus Holdings PLC  16 March 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7
OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH IS PART OF UK LAW BY VIRTUE
OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

 

16 March 2023

 

Glantus Holdings plc

("Glantus" or the "Company")

 

Result of Extraordinary General Meeting and

Total Voting Rights

 

Result of Extraordinary General Meeting

Further to its announcements of 14 February and 17 February 2023 (the
"Announcements"), Glantus, the provider of Accounts Payable ("AP") automation
and analytics solutions, is pleased to announce that each of the Resolutions
put to Shareholders at the Extraordinary General Meeting held earlier today
were duly passed.

 

Application has therefore been made for, in aggregate, 13,299,237 Subscription
Shares to be admitted to trading on AIM.  As set out in the Circular, the
number of Subscription Shares in the capital of the Company to be issued to
the Subscribers (to the nearest whole share) is based on the EUR/STG exchange
rate at 9 am on 16 March 2023 of 0.8787 divided by the Issue Price.

 

Admission is expected to occur at 8.00 am on 17 March 2023.

 

This announcement should be read in conjunction with the Announcements and the
full text of the Company's circular dated 17 February 2023 ("Circular"),
copies of which are available on the Company's website at www.glantus.com.
Capitalised terms in this announcement have the same meaning as given in the
Circular.

 

Director Participation

Maurice Healy (Chief Executive Officer) subscribed for 3,324,810 Subscription
Shares, the resulting shareholding immediately following Admission is detailed
below:

 

                Prior to Admission                                                  Participation in the Subscription  Immediately following Admission
 Name           Number of Ordinary Shares                                                                              Number of Ordinary Shares  Percentage of enlarged Share Capital

                                           Percentage of Existing Ordinary Shares   Number of Subscription Shares
 Maurice Healy  9,510,433                  25.14%                                   3,324,810                          12,835,243                 25.10%

( )

 

The participation of Maurice Healy, as a Director of the Company, in the
Subscription constitutes a related party transaction pursuant to AIM Rule 13
(the "Related Party Transaction"). The independent Directors consider, having
consulted with Shore Capital and Corporate Limited ("Shore Capital"), the
Company's nominated adviser, that the terms of the Related Party Transaction
are fair and reasonable insofar as shareholders of the Company are concerned.

 

Debt Refinancing

As noted in the Circular, the Company has received in writing from BPC an
Extension Commitment to extend the repayment date of the €5 million loan
repayment due in August 2023 by 12 months. The Company has now satisfied the
equity raise condition of the Extension Commitment and is making good progress
with finalising the legal agreement. Further updates will be made in due
course.

 

Total Voting Rights

Following Admission, the Company will have 51,132,553 Ordinary Shares in issue
admitted to trading on AIM. This figure 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 Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

 

Enquiries

 

 Glantus Holdings
 Maurice Healy, CEO                        + 353 862 677 800

 Diane Gray Smith, Interim CFO

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

 Shore Capital
 Nominated Advisor and Broker              + 44 207 408 4090

 Patrick Castle / John More / Tom Knibbs

 Yellow Jersey PR
 Charles Goodwin                           +44 7747 788 221

 Annabelle Wills

Notification of transactions by Directors, Persons Discharging Managerial
Responsibilities ("PDMRs") and persons closely associated with them.

 1     Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                                                      Maurice Healy
 2     Reason for the notification
 a)    Position/status                                                                           CEO
 b)    Initial notification / Amendment                                                          Amendment now the number of subscription shares is fixed
 3     Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                                                      Glantus Holdings Plc
 b)    LEI                                                                                       635400B4AX5FLIUCGM84
 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 of €0.001 each in the capital of Glantus Holdings plc

                                                                                         ("Ordinary Shares")
       Identification code

                                                                                                 ESVUFR

                                                                                                 ISIN  IE00BNG2V304

 b)    Nature of the transaction                                                                 Subscription of new Ordinary Shares
 c)    Price(s) and volume(s)                                                                    Price       Volume

                            9.25 pence  3,324,810

 

 d)    Aggregated information

       - Aggregated volume                                                                       N/A

       - Price
 e)    Date of the transaction                                                                   17 February 2023
 f)    Place of the transaction                                                                  London Stock Exchange (XLON); AIM Market

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

N/A

e)

Date of the transaction

 

17 February 2023

f)

Place of the transaction

 

London Stock Exchange (XLON); AIM Market

 

 

 

About Glantus Holdings plc

Glantus Holdings (AIM: GLAN) Glantus is a global provider of accounts payable
automation and analytics solutions. Glantus' mission is to harness technology
to drive innovation, unlocking efficiencies in AP to maximise working capital
for global enterprise organisations. The award-winning Glantus DataShark
Platform connects all AP systems and suppliers on one agile platform,
eliminating cost and delivering new revenue streams. We work in tandem with
our partners to deliver joint enterprise digital transformation solutions. For
more information see glantus.com.

Founded in 2014 and headquartered in Dublin, Glantus has offices in the United
States, United Kingdom, Poland and Costa Rica.

 

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