CLS Holdings PLC

Earnings Release • May 22, 2020

National Storage Mechanism | Additional information

RNS Number : 6815N

PROACTIS Holdings PLC

22 May 2020

22 May 2020

Proactis Holdings PLC

Performance Update

Proactis Holdings PLC ("Proactis", the "Group" or the "Company"), the business spend management solution provider, is pleased to announce that the Group has signed new contracts  with a total contract value of £11.3m cumulatively in the year to date, which equals the equivalent performance for the whole of the prior financial year.

This improved new business performance has been driven by the Group's refreshed go-to-market strategy and, in tandem with improved retention performance, annual recurring revenue from the Group's buyer subscription business has returned to organic growth for the year to date.

The Group continues to carefully monitor the developments with respect to the COVID-19 outbreak and is not immune from its impact, particularly with regard to its supplier-paid business and its implementation services. However, at this stage, the Group's business model as a whole is proving resilient.

For further information, please contact:

Proactis Holdings PLC	01937 545070
Tim Sykes, Chief Executive Officer	investorcontact@proactis.com
finnCap Ltd Stuart Andrews/Carl Holmes/Matthew Radley - Corporate Finance Andrew Burdis/Richard Chambers - ECM	0207 220 0500
Alma PR Rebecca Sanders-Hewett, Sam Modlin, David Ison	020 3405 0205 Proactis@almapr.co.uk

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 over 1,000 buying organisations internationally from the commercial, public and not-for-profit sectors.

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