PROACTIS Holdings PLC Directorate Change (1607B)

TIDMPHD

RNS Number : 1607B

PROACTIS Holdings PLC

06 October 2020

Proactis Holdings PLC

Directorate Change

Proactis Holdings PLC, ("Proactis", the "Group" or the "Company"), the business spend management solution provider, announces that Sophie Tomkins, Independent Non-Executive Director, has resigned from the Board with immediate effect, in order to focus on her other directorships.

In line with its earlier commitment to strengthen the independence of its non-executive directors, the Board is already undertaking a formal search process, with a number of candidates identified. This search will now also include the process of appointing Sophie's replacement.

Rodney Potts will replace Sophie Tomkins as the Chair of the Remuneration Committee in the interim period, until the non-executive search is concluded.

Alan Aubrey, Non-Executive Chairman, commented:

"On behalf of the Board I would like to thank Sophie for her contribution to the Group and wish her well for the future. As a Board we are committed to strong corporate governance, and we re-iterate that in accordance with the UK Governance Code, we intend to transition to a Board where at least half of its members, excluding the Chair, are independent non-executive directors. These discussions are ongoing, and the Board will announce further updates in due course."

For further information, please contact:

 
  Proactis Holdings PLC 
  Tim Sykes, Chief Executive Officer              01937 545070 [e-mail] 
  finnCap Ltd 
   Carl Holmes/Emily Watts/Matthew Radley - 
   Corporate Finance 
   Andrew Burdis/Richard Chambers - ECM             0207 220 0500 
 
    Alma PR                                         020 3405 0205 
    Rebecca Sanders-Hewett, Sam Modlin, David       [e-mail] 
    Ison 
 

Notes to Editors:

Proactis creates, sells and maintains software and services which enable organisations to streamline, control and monitor all indirect expenditure. Its solutions are used in approximately 1,100 buying organisations around the world from the commercial, public and not-for-profit sectors.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAVELFBBBLEFBE

(END) Dow Jones Newswires

October 06, 2020 02:00 ET (06:00 GMT)