CLS Holdings PLC

Share Issue/Capital Change • Mar 3, 2020

National Storage Mechanism | Additional information

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RNS Number : 6817E

PROACTIS Holdings PLC

03 March 2020

3 March 2020

Proactis Holdings PLC

Share Capital Reduction Effective

Proactis Holdings PLC ("Proactis", the "Group" or the "Company"), the global spend management solution provider, today announces that the High Court of England and Wales sanctioned the Company's application for its Capital Reduction on 18 February 2020.

The Capital Reduction, as described in the Notice of 2019 Annual General Meeting (which is available on the Company's website https://www.proactis.com/Proactis/media/Proactis/Investors/ PHD_Notice2019.pdf), was approved by shareholders at the Annual General Meeting held on 29 January 2020. The order of the High Court confirming the Capital Reduction and the statement of capital approved by the High Court in connection therewith were registered by the Registrar of Companies on 27 February 2020, whereupon the Capital Reduction became effective.

The Company confirms that, following the Capital Reduction, the issued share capital of the Company comprises 95,532,628 ordinary shares of 10p each. The total number of voting rights in the Company is therefore 95,532,628.

For further information, please contact:

Proactis Holdings PLC	01937 545070 x1115
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/Hilary Buchanan/Sam Modlin	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 approximately 1,100 buying organisations around the world from the commercial, public and not-for-profit sectors.

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.

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