# Proactis Holdings Annual Report & Accounts and Notice

- Link: https://www.directorstalkinterviews.com/proactis-holdings-annual-report-accounts-and-notice/412800812
- Published: 2019-12-13T07:09:15+00:00
- Author: Giles Arbor

**Proactis Holdings PLC** ([LON: PHD](https://www.directorstalkinterviews.com/company/proactis-holdings-plc/phd.l)),
the global spend management solution provider, announces that it has today posted
to shareholders its Annual Report and Accounts for the year ended 31 July 2019.

This includes a notice of the Company’s Annual General Meeting, to be held at 10.00am
on Wednesday 29th January 2020 at the offices of finnCap, 60 New Broad Street, London,
EC2M 1JJ. The AGM Notice also includes details of a proposed capital reduction.

**Update on Formal Sales Process**

As Proactis Holdings stated at the time of the Final Results for the Year Ended 
31st July 2019 announced on 31st October 2019, the Board has thoroughly reviewed
and assessed the credibility of a number of expressions of interest (“EOIs”) following
the Company’s announcement of the FSP on 29th July 2019. Certain EOIs have led to
more advanced discussions including the provision of detailed financial information
with regard to the business in a dataroom. The Board has also completed a number
of management team presentations and are now evaluating a number of proposals with
a view to potentially proceeding to a final stage of due diligence. The process 
remains ongoing. The Board reiterates that there can be no certainty that any offer
will be forthcoming or the terms of any such offer.

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