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TPX Tpximpact Holdings Plc

33.00
0.00 (0.00%)
Last Updated: 08:00:17
Delayed by 15 minutes
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% 33.00 32.00 34.00 33.00 33.00 33.00 3,072 08:00:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 83.71M -17.56M -0.1944 -1.70 29.8M

Panoply Holdings PLC (The) Issue of Shares and PDMR dealings (2384B)

09/06/2021 7:00am

UK Regulatory


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RNS Number : 2384B

Panoply Holdings PLC (The)

09 June 2021

9 June 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 229,452 new ordinary shares of 1 pence each in respect of outstanding acquisition consideration totalling GBP637,339 ("Earnout Shares") and 3,400 new ordinary shares of 1 pence in respect of the Share Incentive Plan ("SIP").

The SIP Trustees (Cytec Trustees Limited) acquired a total of 3,400 shares (the "Partnership Shares") on 8 June 2021 at a price of GBP2.88 per Ordinary Share and total cost of GBP9,792. 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 9 June 2021, the SIP Trustees also allocated a total of 3,400 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     of issued 
             issued                       issued     shares held by       share capital 
                                                     the SIP on behalf 
                                                     of the relevant 
                                                     PDMR) 
 Neal 
  Gandhi    40,653    5 2                5 2        10, 197,797          12.5% 
           --------  -----------------  ---------  -------------------  --------------- 
 Oliver 
  Rigby     1,086     5 2                5 2        5, 101,878           6.3% 
           --------  -----------------  ---------  -------------------  --------------- 
 

Remaining value of acquisition consideration to be issued

Following the issue, the Company has additional consideration to pay totalling GBP 7,798,537. The maximum further shares to be issued as a result of this consideration is 10,005,010, which reduces to 2,689,151 assuming the share price remained constant at GBP2.90, being the closing mid-market price on 3 June 2021. Further details of the share issues are set out below:

 
 Value       Minimum share   Max shares to      Shares to be issued calculated 
  GBP'000s    price           be issued '000s    based on price of GBP2. 
                                                 90 
     4,028             74p              5,442                            1,389 
            --------------  -----------------  ------------------------------- 
     1,306             82p              1,593                              450 
            --------------  -----------------  ------------------------------- 
       478           82.5p                580                              165 
            --------------  -----------------  ------------------------------- 
     1,987         83.125p              2,390                              685 
            --------------  -----------------  ------------------------------- 
     7,799                             10,005                            2,689 
            --------------  -----------------  ------------------------------- 
 
 
Timing of payment of acquisition   Value GBP'000s 
 consideration 
Within the next 6 months                    3,600 
                                   -------------- 
Between 6-12 months                         2,207 
                                   -------------- 
After 12 months                             1,992 
                                   -------------- 
 

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 14 June 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 81,381,026 Ordinary Shares in issue and no Ordinary Shares in treasury. Therefore, the total voting rights in The Panoply will be 81,381,026. 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 
   (Nomad and Joint Broker)    7600 
  Fred Walsh 
   Alex Price 
   Dowgate Capital Limited 
   (Joint Broker) 
   James Serjeant              +44 (0)203 903 
   David Poutney               7715 
  Alma PR                     panoply@almapr.co.uk 
   (Financial PR)              +44(0)203 405 
   Susie Hudson                0209 
   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 shares and 
       transaction                  purchase and allocation of Partnership and 
                                    Matching Shares, respectively, under The 
                                    Panoply Holdings PLC Share Incentive Plan 
     -------------------------    --------------------------------------------------  ---- 
 
 c) Price(s) and volume(s)         Earnout Shares: 
                                    5,432 ordinary shares at 275.00p 
                                    35,221 ordinary shares at 284.15p 
                                    Matching Shares: 
                                    52 ordinary shares at 288p 
                                    Partnership Shares: 
                                    52 ordinary shares at 288p 
                                  -------------------------------------------------- 
 
 d)   Aggregated information       Earnout Shares: 
                                    40,653 shares 
                                    GBP115,018 
      - Aggregated volume          Matching Shares: 
                                    52 shares 
                                    GBP150 
      - Price                       Partnership Shares: 
                                     52 shares 
                                     GBP150 
     -------------------------    -------------------------------------------------- 
 e)   Date of the transaction      09 June 2021 
     -------------------------    -------------------------------------------------- 
 f)   Place of the transaction     Earnout Shares and Matching 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 shares and 
       transaction                  purchase and allocation of Partnership and 
                                    Matching Shares, respectively, under The 
                                    Panoply Holdings PLC Share Incentive Plan 
     -------------------------    --------------------------------------------------  ---- 
 
 c) Price(s) and volume(s)         Earnout Shares: 
                                    1,086 ordinary shares at 275.00p 
                                    Matching Shares: 
                                    52 ordinary shares at 288p 
                                    Partnership Shares: 
                                    52 ordinary shares at 288p 
                                  -------------------------------------------------- 
 
 d)   Aggregated information       Earnout Shares: 
                                    1,086 shares 
                                    GBP2,986 
      - Aggregated volume          Matching Shares: 
                                    52 shares 
                                    GBP150 
      - Price                       Partnership Shares: 
                                     52 shares 
                                     GBP150 
     -------------------------    -------------------------------------------------- 
 e)   Date of the transaction      09 June 2021 
     -------------------------    -------------------------------------------------- 
 f)   Place of the transaction     Earnout Shares and Matching Shares took 
                                    place outside a trading venue 
                                    Partnership Shares acquired on AIM 
     -------------------------    -------------------------------------------------- 
 

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 rns@lseg.com or visit www.rns.com.

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END

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June 09, 2021 02:00 ET (06:00 GMT)

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