REG - Glantus Holdings PLC - Silicon Valley Bank

Glantus HoldingsAnnouncement

13/03/2023 07:00

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RNS Number : 6594S  Glantus Holdings PLC  13 March 2023

 

Glantus Holdings plc

 

(''Glantus'' or the ''Company'')

 

Silicon Valley Bank

 

Glantus (AIM: GLAN), the provider of Accounts Payable ("AP") automation and
analytics solutions, confirms that it uses Silicon Valley Bank ("SVB") for its
US operations. Glantus is proactively managing the situation and does not
currently expect any significant operational difficulties. The Company's
maximum exposure is expected to only slightly exceed the $250k amount which is
insured by the FDIC. Consequently, the Board is confident that the current
situation regarding SVB will not have a material impact on Glantus.

 

 Further updates will be made as appropriate.

 

Enquiries:

 

 Glantus Holdings
 Maurice Healy, CEO                        + 353 862677800

 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

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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