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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tpximpact Holdings Plc | LSE:TPX | London | Ordinary Share | GB00BGGK0V60 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 32.00 | 32.00 | 34.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Consulting Svcs,nec | 83.71M | -17.56M | -0.1944 | -1.70 | 29.8M |
TIDMTPX
RNS Number : 5567R
Panoply Holdings PLC (The)
09 March 2021
9 March 2021
The Panoply Holdings PLC
("The Panoply", or the "Group")
Issue of Shares and PDMR dealings
The Panoply Holdings PLC, the technology-enabled services group focused on digital transformation, announces that the Group has today issued 573,233 new ordinary shares of 1 pence each in respect of outstanding acquisition consideration totalling GBP1,032,288 ("Earnout Shares") and 4,221 new ordinary shares of 1 pence in respect of the Share Incentive Plan ("SIP").
The SIP Trustees (Cytec Trustees Limited) acquired a total of 4,221 shares (the "Partnership Shares") on 8 March 2021 at a price of GBP2.19 per Ordinary Share and total cost of GBP9,244. The Partnership Shares were acquired by purchase in the market and allocated to those Group employees participating in its Share Incentive Plan (SIP) scheme. As set out at the time of the announcement of The Panoply's interim results on 30 November 2020, this SIP Plan is designed to reward and incentivise employees of the Group through tax-efficient salary sacrifice and a free matching award of Ordinary Shares on a one-for-one basis. Accordingly, on 8 March 2021, the SIP Trustees also allocated a total of 4,221 matching shares (the "Matching Shares") under the SIP. The Matching Shares are covered by the Group's block listing as announced on 15 January 2021.
Neal Gandhi and Oliver Rigby received Earnout Shares in respect of the acquisitions, together with Partnership Shares and Matching Shares under the SIP as follows:
Name Earnout Partnership Matching Total Shares post Percentage Shares Shares acquired Shares issue (including shares of issued issued issued held by the SIP on share capital behalf of the relevant PDMR) Neal Gandhi 63,814 69 69 10,061,000 12.5% -------- ----------------- --------- ------------------------- --------------- Oliver Rigby 1,674 69 69 5,097,781 6.3% -------- ----------------- --------- ------------------------- ---------------
Remaining value of acquisition consideration to be issued
Following the issue, the Company has additional consideration to pay totalling GBP10,069,773. The maximum further shares to be issued as a result of this consideration is 13,024,234, which reduces to 4,864,625 assuming the share price remained constant at GBP2.07, being the closing mid-market price on 4 March 2021. Further details of the share issues are set out below:
Value GBP'000s Minimum share Max shares to be issued Shares to be issued price '000s calculated based on price of GBP2.07 5,939 74p 8,026 2,869 -------------- ------------------------ --------------------- 1,306 82p 1,593 631 -------------- ------------------------ --------------------- 838 82.5p 1,015 405 -------------- ------------------------ --------------------- 1,987 83.125p 2,390 960 -------------- ------------------------ --------------------- 10,070 13,024 4,865 -------------- ------------------------ --------------------- Timing of payment of Value GBP'000s acquisition consideration Within the next 6 months 5,294 -------------- Between 6-12 months 1,908 -------------- After 12 months 2,868 --------------
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 or around 12 March 2021. The Matching Shares are covered by the Group's block listing as announced on 15 January 2021.
Following this issue of Earnout Shares and Matching Shares the Company will have 80,428,360 Ordinary Shares in issue and no Ordinary Shares in treasury. Therefore, the total voting rights in The Panoply will be 80,428,360. T his 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 Via Alma PR Neal Gandhi (CEO) Oliver Rigby (CFO) Stifel Nicolaus Europe Limited +44 (0)207 710 7600 (Nomad and Joint Broker) Fred Walsh Alex Price Dowgate Capital Limited (Joint Broker) James Serjeant David Poutney +44 (0)203 903 7715 Alma PR panoply@almapr.co.uk (Financial PR) +44(0)203 405 0209 Susie Hudson Josh Royston Harriet Jackson
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 Initial notification /Amendment -------------------------- ---------------------------------------- 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 Ordinary Shares the financial instrument, type of instrument Identification ISIN: GB00BGGK0V60 code b) Nature of the Receipt of vendor consideration transaction shares and purchase and allocation of Partnership and Matching Shares, respectively, under The Panoply Holdings PLC Share Incentive Plan c) Price(s) and Earnout Shares: volume(s) 8,372 ordinary shares at 178.42 p 55,442 ordinary shares at 180.52p Matching Shares: 69 ordinary shares at 219p Partnership Shares: 69 ordinary shares at 219p -------------------------------- d) Aggregated information Earnout Shares: 63,814 shares GBP115,021 - Aggregated Matching Shares: volume 69 shares GBP151.11 - Price Partnership Shares: 69 shares GBP151.11 e) Date of the transaction 9 March 2021 f) Place of the Earnout Shares and Matching transaction Shares took place outside a trading venue Partnership Shares acquired on AIM -------------------------- ---------------------------------------- 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 Initial notification /Amendment -------------------------- ---------------------------------------- 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 Ordinary Shares the financial instrument, type of instrument Identification ISIN: GB00BGGK0V60 code b) Nature of the Receipt of vendor consideration transaction shares and purchase and allocation of Partnership and Matching Shares, respectively, under The Panoply Holdings PLC Share Incentive Plan c) Price(s) and Earnout Shares: volume(s) 1,674 ordinary shares at 178.42 p Matching Shares: 69 ordinary shares at 219 p Partnership Shares: 69 ordinary shares at 219 p -------------------------------- d) Aggregated information Earnout Shares: 1,674 shares GBP2,987 - Aggregated Matching Shares: volume 69 shares GBP151.11 - Price Partnership Shares: 69 shares GBP151.11 e) Date of the transaction 9 March 2021 f) Place of the Earnout Shares and Matching transaction Shares took place outside a trading venue Partnership Shares acquired on AIM -------------------------- ----------------------------------------
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(END) Dow Jones Newswires
March 09, 2021 02:00 ET (07:00 GMT)
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