Change of Nominated Adviser and Broker

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                                                                                   [phone]

Maurice Healy, CEO

Grainne McKeown,CFO

[e-mail]  

Shore Capital   [phone]

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

[e-mail]

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   .

 

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