Glantus Holdings PLC Result of Extraordinary General Meeting and TVR (2555T)
March 16 2023 - 9:28AM
UK Regulatory
TIDMGLAN
RNS Number : 2555T
Glantus Holdings PLC
16 March 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH IS
PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018.
16 March 2023
Glantus Holdings plc
("Glantus" or the "Company")
Result of Extraordinary General Meeting and
Total Voting Rights
Result of Extraordinary General Meeting
Further to its announcements of 14 February and 17 February 2023
(the "Announcements"), Glantus, the provider of Accounts Payable
("AP") automation and analytics solutions, is pleased to announce
that each of the Resolutions put to Shareholders at the
Extraordinary General Meeting held earlier today were duly
passed.
Application has therefore been made for, in aggregate,
13,299,237 Subscription Shares to be admitted to trading on AIM. As
set out in the Circular, the number of Subscription Shares in the
capital of the Company to be issued to the Subscribers (to the
nearest whole share) is based on the EUR/STG exchange rate at 9 am
on 16 March 2023 of 0.8787 divided by the Issue Price.
Admission is expected to occur at 8.00 am on 17 March 2023.
This announcement should be read in conjunction with the
Announcements and the full text of the Company's circular dated 17
February 2023 ("Circular"), copies of which are available on the
Company's website at www.glantus.com. Capitalised terms in this
announcement have the same meaning as given in the Circular.
Director Participation
Maurice Healy (Chief Executive Officer) subscribed for 3,324,810
Subscription Shares, the resulting shareholding immediately
following Admission is detailed below:
Participation in
Prior to Admission the Subscription Immediately following Admission
Percentage of Number of Percentage of
Number of Ordinary Existing Subscription Number of Ordinary enlarged Share
Name Shares Ordinary Shares Shares Shares Capital
--------------- ------------------- ------------------ ------------------- ------------------- ------------------
Maurice Healy 9,510,433 25.14% 3,324,810 12,835,243 25.10%
------------------- ------------------ ------------------- ------------------- ------------------
The participation of Maurice Healy, as a Director of the
Company, in the Subscription constitutes a related party
transaction pursuant to AIM Rule 13 (the "Related Party
Transaction"). The independent Directors consider, having consulted
with Shore Capital and Corporate Limited ("Shore Capital"), the
Company's nominated adviser, that the terms of the Related Party
Transaction are fair and reasonable insofar as shareholders of the
Company are concerned.
Debt Refinancing
As noted in the Circular, the Company has received in writing
from BPC an Extension Commitment to extend the repayment date of
the EUR5 million loan repayment due in August 2023 by 12 months.
The Company has now satisfied the equity raise condition of the
Extension Commitment and is making good progress with finalising
the legal agreement. Further updates will be made in due
course.
Total Voting Rights
Following Admission, the Company will have 51,132,553 Ordinary
Shares in issue admitted to trading on AIM. This figure may be used
by Shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
Enquiries
Glantus Holdings
Maurice Healy, CEO
Diane Gray Smith, Interim CFO + 353 86 2 677
ir@glantus.com 800
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
Notification of transactions by Directors, Persons Discharging
Managerial Responsibilities ("PDMRs") and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Maurice Healy
------------------------------------------------------ -----------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------------------
a) Position/status CEO
------------------------------------------------------ -----------------------------------------------------
b) Initial notification / Amendment Amendment now the number of subscription shares is
fixed
------------------------------------------------------ -----------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------------------------------------------------
a) Name Glantus Holdings Plc
------------------------------------------------------ -----------------------------------------------------
b) LEI 635400B4AX5FLIUCGM84
------------------------------------------------------ -----------------------------------------------------
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 the financial instrument, type of Ordinary shares of EUR0.001 each in the capital of
instrument Glantus Holdings plc ("Ordinary Shares")
Identification code ESVUFR
ISIN IE00BNG2V304
------------------------------------------------------ -----------------------------------------------------
b) Nature of the transaction Subscription of new Ordinary Shares
------------------------------------------------------ -----------------------------------------------------
c) Price(s) and volume(s) Price Volume
9.25 pence 3,324,810
----------
------------------------------------------------------ -----------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------ -----------------------------------------------------
e) Date of the transaction 17 February 2023
------------------------------------------------------ -----------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON); AIM Market
------------------------------------------------------ -----------------------------------------------------
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.
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.
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
DSHGPUQPWUPWGWQ
(END) Dow Jones Newswires
March 16, 2023 09:28 ET (13:28 GMT)
Glantus (LSE:GLAN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Glantus (LSE:GLAN)
Historical Stock Chart
From Jul 2023 to Jul 2024
