PROACTIS Holdings PLC Directorate Change (6750A)
October 01 2020 - 1:00AM
UK Regulatory
TIDMPHD
RNS Number : 6750A
PROACTIS Holdings PLC
01 October 2020
Proactis Holdings PLC
Directorate Change
Proactis Holdings PLC, ("Proactis", the "Group" or the
"Company"), the business spend management solution provider,
announces that Sean McDonough, Chief Information Officer, has today
resigned from the Board with immediate effect. Sean will remain
employed by the Company during his twelve-month notice period.
Alan Aubrey, Non-Executive Chairman, commented:
"On behalf of the board I would like to thank Sean for his
valued contribution and service to the Company over the past 15
years. We are grateful to him for the delivery of his personal
succession plan which allows the Company to move forward with
confidence. We wish him all the very best in the future."
For further information, please contact:
Proactis Holdings PLC
Tim Sykes, Chief Executive Officer 01937 545070 investorcontact@proactis.com
finnCap Ltd
Carl Holmes/Emily Watts/Matthew Radley -
Corporate Finance
Andrew Burdis/Richard Chambers - ECM 0207 220 0500
Alma PR 020 3405 0205
Rebecca Sanders-Hewett, Sam Modlin, David Proactis@almapr.co.uk
Ison
Notes to Editors:
Proactis creates, sells and maintains software and services
which enable organisations to streamline, control and monitor all
indirect expenditure. Its solutions are used in approximately 1,100
buying organisations around the world from the commercial, public
and not-for-profit sectors.
Remuneration:
Sean will continue to receive his full contractual entitlement
through his notice period and an ex gratia payment of GBP30,000
(including statutory payments) at the end of that notice period.
For the purposes of his Enterprise Management Incentive ("EMI")
Scheme awards and his Executive Share Option Scheme ("ESO") awards,
Sean has been classified as a good leaver. Awards granted under the
Group's EMI Scheme and ESO Scheme are fully vested and remain
capable of being exercised until the end of Sean's notice period
after which they will lapse. Awards granted under the Long Term
Incentive Plan will continue and remain capable of vesting at the
normal vesting date (which occurs during his notice period) subject
to the performance conditions being met.
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END
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