TIDMGLAN

RNS Number : 6594S

Glantus Holdings PLC

13 March 2023

Glantus Holdings plc

("Glantus" or the "Company")

Silicon Valley Bank

Glantus (AIM: GLAN), the provider of Accounts Payable ("AP") automation and analytics solutions, confirms that it uses Silicon Valley Bank ("SVB") for its US operations. Glantus is proactively managing the situation and does not currently expect any significant operational difficulties. The Company's maximum exposure is expected to only slightly exceed the $250k amount which is insured by the FDIC. Consequently, the Board is confident that the current situation regarding SVB will not have a material impact on Glantus.

Further updates will be made as appropriate.

Enquiries:

 
 Glantus Holdings 
 Maurice Healy, CEO 
  Diane Gray Smith, Interim CFO 
  ir@glantus.com                             + 353 86 2677800 
 
 
  Shore Capital 
 Nominated Advisor and Broker 
  Patrick Castle / John More / Tom Knibbs    + 44 207 408 4090 
 Yellow Jersey PR 
 Charles Goodwin 
  Annabelle Wills                            +44 7747 788 221

About Glantus Holdings plc

Glantus Holdings (AIM: GLAN) Glantus is a global provider of accounts payable automation and analytics solutions. Glantus' mission is to harness technology to drive innovation, unlocking efficiencies in AP to maximise working capital for global enterprise organisations. The award-winning Glantus DataShark Platform connects all AP systems and suppliers on one agile platform, eliminating cost and delivering new revenue streams. We work in tandem with our partners to deliver joint enterprise digital transformation solutions. For more information see glantus.com.

Founded in 2014 and headquartered in Dublin, Glantus has offices in the United States, United Kingdom, Poland and Costa Rica.

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(END) Dow Jones Newswires

March 13, 2023 03:00 ET (07:00 GMT)

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