Result of Extraordinary General Meeting and TVR
Updated : 23:14
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:
| Prior to Admission | Participation in the Subscription | Immediately following Admission | ||
Name | Number of Ordinary Shares |
Percentage of Existing Ordinary Shares |
Number of Subscription Shares | Number of Ordinary Shares | Percentage of enlarged Share 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 €5 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
| + 353 862 677 800 |
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 instrument Identification code |
| Ordinary shares of €0.001 each in the capital of Glantus Holdings plc ("Ordinary Shares")
ESVUFR
ISIN IE00BNG2V304
| |||||
b) | Nature of the transaction |
| Subscription of new Ordinary Shares | |||||
c) | Price(s) and volume(s) |
|
| |||||
d) | Aggregated information - Aggregated volume - Price |
|
N/A | |||||
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.
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