REG - Panoply Holdings PLC - Issue of Shares/PDMR dealing & Total Voting Rights

Tpximpact HoldingsAnnouncement

06/10/2020 07:00

RNS Number : 1610B
  
Panoply Holdings PLC (The) 
  
06 October 2020
  
 

6 October 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 489,771 new ordinary shares of 1p in respect of outstanding acquisition consideration totalling £637,339 ("Earnout Shares").
 
Neal Gandhi and Oliver Rigby received 69,560 and 2,279 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


69,560


9,849,144


14.5%




Oliver Rigby


2,279


5,112,998


7.5%



 
Remaining value of acquisition consideration to be issued


Following the issue, the Company has additional consideration to pay totalling £13,651,418. The maximum further shares to be issued as a result of this consideration is 17,805,707, which reduces to 11,870,799 assuming the share price remained constant at 115p, being the closing mid market price on the day prior to this announcement.  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 (115p)




9,125


74p


12,333


7,936




1,306


82p


1,593


1,136




838


82.5p


1,015


728




2,382


83.125p


2,865


2,071




13,651






17,806


11,871



 
 



Timing of payment of acquisition consideration


Value £'000s




Within the next 6 months


4,219




Between 6-12 months


4,849




After 12 months 


4,583



 
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 October 2020. 
 
Following this issue of Earnout Shares the Company will have 67,808,586 Ordinary Shares in issue and no Ordinary Shares in treasury. Therefore, the total voting rights in The Panoply will be 67,808,586. 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)
Fred Walsh
Alex Price


 
Via Alma PR
 
 
+44 (0)207 710 7600




 
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)






 11,396 ordinary shares at 131p
58,164 ordinary shares at 128p
 




























d)
 


Aggregated information






N/A




- Aggregated volume












- Price












e)


Date of the transaction






6 October 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)






 
2,279 ordinary shares at 131p




























d)
 


Aggregated information






N/A




- Aggregated volume












- Price












e)


Date of the transaction






6 October 2020




f)


Place of the transaction






Outside a trading venue












 

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