Glantus Holdings PLC Change of Nominated Adviser and Broker (4225J)
April 27 2022 - 2:01AM
UK Regulatory
TIDMGLAN
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 +353 87 9452047
Maurice Healy, CEO
Grainne McKeown,CFO
ir@glantus.com
Shore Capital +44 207 408 4090
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
glantus@flagstaffcomms.com
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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END
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