Issue of Shares/PDMR dealing & total voting rights

RNS Number : 3106E

Panoply Holdings PLC (The)

05 November 2020

 

5 November 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 526,291 new ordinary shares of 1 pence each in respect of outstanding acquisition consideration totalling £637,339 ("Earnout Shares").

Neal Gandhi and Oliver Rigby received 75,372 and 2,437 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	75,372	9,924,516	14.5%
Oliver Rigby	2,437	5,115,435	7.5%

Remaining value of acquisition consideration to be issued

Following the issue, the Company has additional consideration to pay totalling £ 13,014,079. The maximum further shares to be issued as a result of this consideration is 16,944,438, which reduces to 11,568,070 assuming the share price remained constant at 112.5p, being the closing mid market price on 3 November 2020.  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
8,488	74p	11,471	7,545
1,306	82p	1,593	1,161
838	82.5p	1,015	745
2,382	83.125p	2,865	2,117
13,014		16,944	11,568

Timing of payment of acquisition consideration	Value £'000s
Within the next 6 months	4,578
Between 6-12 months	4,045
After 12 months	4,391

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 12 November 2020.

Following this issue of Earnout Shares the Company will have 68,334,877 Ordinary Shares in issue and no Ordinary Shares in treasury. Therefore, the total voting rights in The Panoply will be 68,334,877. 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) Via Alma PR [phone] Fred Walsh Alex Price Dowgate Capital Limited (Joint Broker) James Serjeant David Poutney [phone] Alma PR (Financial PR) Susie Hudson Josh Royston Harriet Jackson [e-mail] [phone]

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)					63,186 ordinary shares at 117.75p 12,186 ordinary shares at 122.58p
d)	Aggregated information			N/A
	- Aggregated volume
	- Price
e)	Date of the transaction			5 November 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)					2,437 ordinary shares at 122.58p
d)	Aggregated information			N/A
	- Aggregated volume
	- Price
e)	Date of the transaction			5 November 2020
f)	Place of the transaction			Outside a trading venue

 

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