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PHD Proactis Holdings Plc

74.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Proactis Holdings Plc LSE:PHD London Ordinary Share GB00B13GSS58 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 74.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

PROACTIS Holdings PLC Completion of Acquisition (3972P)

17/11/2016 7:00am

UK Regulatory


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RNS Number : 3972P

PROACTIS Holdings PLC

17 November 2016

PROACTIS Holdings PLC

Completion of Acquisition

PROACTIS Holdings PLC ("PROACTIS", the "Group" or the "Company"), the specialist Spend Control software provider, is pleased to announce that it has formally completed the acquisition of Millstream Associates Limited ("Millstream").

This follows the announcements on 10 November 2016 in relation to the Acquisition and Placing.

Rod Jones, Chief Executive of PROACTIS, said:

"Millstream is a clear complementary fit to the Group and we are very pleased to have completed the acquisition, which marks the next step in our growth strategy. We are excited by the potential upside with cross-selling opportunities into both the PROACTIS and Millstream customer bases. This acquisition enhances our scale and broadens our capabilities and we look forward to integrating Millstream into our business."

All terms in this announcement have the meaning given to them in the announcement released by the Company on 10 November 2016 at 7.00 a.m., unless otherwise defined herein.

Enquiries:

 
 PROACTIS Holdings PLC 
 Rod Jones, Chief Executive Officer       Via Redleaf Communications 
  Tim Sykes, Chief Financial Office 
 Redleaf Communications 
 Rebecca Sanders-Hewett                   0207 382 4730 
  Sarah Fabietti-Dallison                  PROACTIS@redleafpr.com 
  Sam Modlin 
 finnCap Ltd 
  Stuart Andrews/Carl Holmes/Emily 
  Watts - Corporate Finance 
  Stephen Norcross - Corporate Broking    0207 220 0500 
 

The information communicated in this announcement (including the Appendix) contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQAKADBFBDDCDD

(END) Dow Jones Newswires

November 17, 2016 02:00 ET (07:00 GMT)

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