TIDMTPX

RNS Number : 8639O

TPXimpact Holdings PLC

13 October 2021

13 October 2021

T PXimpact Holdings PLC (previously The Panoply)

( "TPX", "T PXimpact ", or the "Group")

Issue of Shares and PDMR dealings

T PXimpact Holdings PLC, the technology-enabled services group focused on digital transformation, announces that the Group has today issued 76,996 new ordinary shares of 1 pence each in respect of outstanding acquisition consideration totalling GBP192,280 ("Earnout Shares") and 4,658 new ordinary shares of 1 pence in respect of the Share Incentive Plan ("SIP").

The SIP Trustees (Cytec Trustees Limited) acquired a total of 4, 658 shares (the "Partnership Shares") on 8 October 2021 at a price of GBP2.45 per Ordinary Share and total cost of GBP11,412. The Partnership Shares were acquired by purchase in the market and allocated to those Group employees participating in its Share Incentive Plan (SIP) scheme. As set out at the time of the announcement of TPXimpact's interim results on 30 November 2020, this SIP Plan is designed to reward and incentivise employees of the Group through tax-efficient salary sacrifice and a free matching award of Ordinary Shares on a one-for-one basis. Accordingly, on 8 October 2021, the SIP Trustees also allocated a total of 4,658 matching shares (the "Matching Shares") under the SIP. The Matching Shares are covered by the Group's block listing as announced on 15 January 2021.

Neal Gandhi and Oliver Rigby received Earnout Shares in respect of the acquisitions, together with Partnership Shares and Matching Shares under the SIP as follows:

 
 Name       Earnout   Partnership        Matching   Total Shares post    Percentage 
             Shares    Shares acquired    Shares     issue (including     of issued 
             issued                       issued     shares held by       share capital 
                                                     the SIP on behalf 
                                                     of the relevant 
                                                     PDMR) 
 Neal 
  Gandhi    35,969    61                 61         10, 357,730          12. 2% 
           --------  -----------------  ---------  -------------------  --------------- 
 Oliver 
  Rigby     0         61                 61         5,105,865            6. 0% 
           --------  -----------------  ---------  -------------------  --------------- 
 

Remaining value of acquisition consideration to be issued

Following the issue, the Company has additional consideration to pay totalling GBP 4,583,563. The maximum further shares to be issued as a result of this consideration is 5,818,339, which reduces to 1,890,129 assuming the share price remained constant at GBP2.425, being the closing mid-market price on 3 October 2021 . Further details of the share issues are set out below:

 
 Value       Minimum share   Max shares to      Shares to be issued calculated 
  GBP'000s    price           be issued '000s    based on price of GBP2. 
                                                 425 
     1,923             74p              2,598                              793 
            --------------  -----------------  ------------------------------- 
       890             82p              1,085                              367 
            --------------  -----------------  ------------------------------- 
       478           82.5p                580                              197 
            --------------  -----------------  ------------------------------- 
     1,293         83.125p              1,555                              533 
            --------------  -----------------  ------------------------------- 
     4,584                              5,818                            1,890 
            --------------  -----------------  ------------------------------- 
 
 
Timing of payment of acquisition    Value GBP'000s 
 consideration 
Within the next 6 months                     1,908 
                                   --------------- 
Between 6-12 months                          2,077 
                                   --------------- 
After 12 months                                599 
                                   --------------- 
 

Admission to trading and total voting rights

An application has been made for the admission of the Earnout Shares to trading on AIM which is expected to take place on or around 1 8 October 2021. The Matching Shares are covered by the Group's block listing as announced on 15 January 2021.

Following this issue of Earnout Shares and Matching Shares the Company will have 84,886,965 Ordinary Shares in issue and no Ordinary Shares in treasury. Therefore, the total voting rights in TPXimpact will be 84,886,965. T his figure may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Group under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 
 TPXimpact Holdings                Via Alma PR 
   Neal Gandhi (CEO) 
   Oliver Rigby (CFO) 
   Stifel Nicolaus Europe Limited 
   (Nomad and Joint Broker)          +44 (0)207 710 
                                     7600 
  Alex Price 
   Fred Walsh 
   Dowgate Capital Limited 
   (Joint Broker) 
   James Serjeant                    +44 (0)203 903 
   David Poutney                     7715 
  Alma PR                           tpx@almapr.co.uk 
   (Financial PR)                    +44(0)203 405 
   Susie Hudson                      0209 
   Kieran Breheny 
   Matthew Young 
 

About TPXimpact

TPXimpact exists to transform the organisations, services and systems that underpin society and that drive business success. It applies strategic and creative thinking, technology, innovative design and user-centred approaches to bring about numerous improvements which together multiply the impact of change. The Company works closely with its clients in agile, multidisciplinary teams that span organisational design, technology, and digital experiences. It shares a deep understanding of people and behaviours and a philosophy of putting people and communities at the heart of every transformation.

The business is being increasingly recognised as a leading alternative digital transformation provider to the UK public services sector, with c.70% of its client base representing the public sector and c.30% representing the commercial sector.

More information is available at www.tpximpact.com .

 
 1                               Details of the person discharging managerial 
                                  responsibilities / person closely associated 
 a)   Name                         Neal Gandhi 
     -------------------------    ------------------------------------------------- 
 2                               Reason for the notification 
     -------------------------  --------------------------------------------------- 
 a)   Position/status              Chief Executive Officer 
     -------------------------    ------------------------------------------------- 
 b)   Initial notification         Initial notification 
       /Amendment 
     -------------------------    ------------------------------------------------- 
 3                               Details of the issuer, emission allowance market 
                                  participant, auction platform, auctioneer or 
                                  auction monitor 
     -------------------------  --------------------------------------------------- 
 a)   Name                         TPXimpact Holdings Plc 
     -------------------------    ------------------------------------------------- 
 b)   LEI                          2138004S9O18Q6F9MS74 
     -------------------------    ------------------------------------------------- 
 4                               Details of the transaction(s): section to be 
                                  repeated for (i) each type of instrument; (ii) 
                                  each type of transaction; (iii) each date; 
                                  and (iv) each place where transactions have 
                                  been conducted 
     -------------------------  --------------------------------------------------- 
 a)   Description of               Ordinary Shares 
       the financial 
       instrument, type 
       of instrument 
      Identification               ISIN: GB00BGGK0V60 
       code 
     -------------------------    ------------------------------------------------- 
 b)   Nature of the                Receipt of vendor consideration shares and 
       transaction                  purchase and allocation of Partnership and 
                                    Matching Shares, respectively, under TPXimpact 
                                    Holdings PLC Share Incentive Plan 
     -------------------------    ------------------------------------------------- 
 c)   Price(s) and volume(s)       Earnout Shares: 
 
                                    35,969 ordinary shares at 249.65p 
 
                                    Matching Shares: 
 
                                    61 ordinary shares at 245p 
 
                                    Partnership Shares: 
 
                                    61 ordinary shares at 245p 
     -------------------------    ------------------------------------------------- 
 
        Aggregated information       Earnout Shares: 
                                     35,969 shares 
                                     GBP89,797 
      - Aggregated volume          Matching Shares: 
                                    61 shares 
                                    GBP149.45 
      - Price                       Partnership Shares: 
                                     61 shares 
 d)                                  GBP149.45 
     -------------------------    ------------------------------------------------- 
 e)   Date of the transaction      13 October 2021 
     -------------------------    ------------------------------------------------- 
 f)   Place of the transaction     Earnout Shares and Matching Shares took place 
                                    outside a trading venue 
                                    Partnership Shares acquired on AIM 
     -------------------------    ------------------------------------------------- 
 
 1                               Details of the person discharging managerial 
                                  responsibilities / person closely associated 
     -------------------------  --------------------------------------------------- 
 a)   Name                         Oliver Rigby 
     -------------------------    ------------------------------------------------- 
 2                               Reason for the notification 
     -------------------------  --------------------------------------------------- 
 a)   Position/status              Chief Financial Officer 
     -------------------------    ------------------------------------------------- 
 b)   Initial notification         Initial notification 
       /Amendment 
     -------------------------    ------------------------------------------------- 
 3                               Details of the issuer, emission allowance market 
                                  participant, auction platform, auctioneer or 
                                  auction monitor 
     -------------------------  --------------------------------------------------- 
 a)   Name                         TPXimpact Holdings Plc 
     -------------------------    ------------------------------------------------- 
 b)   LEI                          2138004S9O18Q6F9MS74 
     -------------------------    ------------------------------------------------- 
 4                               Details of the transaction(s): section to be 
                                  repeated for (i) each type of instrument; (ii) 
                                  each type of transaction; (iii) each date; 
                                  and (iv) each place where transactions have 
                                  been conducted 
     -------------------------  --------------------------------------------------- 
 a)   Description of               Ordinary Shares 
       the financial 
       instrument, type 
       of instrument 
      Identification               ISIN: GB00BGGK0V60 
       code 
     -------------------------    ------------------------------------------------- 
 b)   Nature of the                Purchase and allocation of Partnership and 
       transaction                  Matching Shares, respectively, under TPXimpact 
                                    Holdings PLC Share Incentive Plan 
     -------------------------    ------------------------------------------------- 
 c)   Price(s) and volume(s)       Matching Shares: 
                                    61 ordinary shares at 245p 
                                    Partnership Shares: 
 
                                    61 ordinary shares at 245p 
     -------------------------    ------------------------------------------------- 
 
        Aggregated information       Matching Shares: 
                                     61 shares 
                                     GBP149.45 
      - Aggregated volume           Partnership Shares: 
                                     61 shares 
                                     GBP149.45 
 d)   - Price 
     -------------------------    ------------------------------------------------- 
 e)   Date of the transaction      13 October 2021 
     -------------------------    ------------------------------------------------- 
 f)   Place of the transaction     Matching Shares took place outside a trading 
                                    venue 
                                    Partnership Shares acquired on AIM 
     -------------------------    ------------------------------------------------- 
 

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END

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October 13, 2021 02:00 ET (06:00 GMT)

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