Business
Admission to AIM and first day of dealings
Admission to AIM and first day of dealings.
About this update from Tpximpact Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 3028J Panoply Holdings PLC (The) 04 December 2018 \n\n4 December 2018\n \nThe Panoply Holdings PLC\n(\"The Panoply\" or the \"Company\")\n \nAdmission to AIM and first day of dealings\nOversubscribed fundraise of £5.4m\n \nThe Panoply Holdings PLC, a digitally native technology services company, is pleased to announce that admission of its shares to trading on the AIM market of the London Stock Exchange (\"Admission\") will take place and dealings will commence at 8.00 a.m. today under the ticker TPX and the ISIN GB00BGGK0V60.\n \nThe Company successfully raised gross proceeds of £5.0m, before expenses, through an oversubscribed placing of 6,756,755 new Ordinary Shares at 74 pence per Ordinary Share (the \"Placing Price\") together with a vendor sale of an additional 526,615 Ordinary Shares at the Placing Price raising a further £400k for the vendor. Based on the Placing Price, the market capitalisation of the Company at Admission is approximately £30 million. Following admission, the Company will have 40,601,642 Ordinary Shares in issue.\n \nStifel is acting as the nominated adviser and sole broker to the Company. The Panoply is EIS/VCT-qualifying, profitable, debt-free, and plans to pay a dividend from 2020. \nThe Panoply was founded in 2016 with the aim of identifying and acquiring best-of-breed specialist information technology and innovation consulting businesses across Europe, to form regional clusters of group companies positioned to deliver services that help clients digitally transform their businesses for the automation age. From Admission, the four companies below will become part of the enlarged group (the \"Enlarged Group\" or \"The Panoply Group\"):\n• Bene Agere: an Oslo-based strategy and management consultancy;\n• Manifesto Digital: an award-winning London-based digital experience agency;\n• Notbinary: an award-winning London-based IT consultancy focused on digital transformation; and\n• Questers: an award-winning provider of onshore and nearshore agile software development services\nEach of these four businesses is independently profitable and has a strong order backlog that supports their organic growth.\nThe four businesses service a breadth of blue-chip cu...