Investor relations

Proactis Holdings Plc

PROACTIS Holdings Plc is registered in England and Wales and operates worldwide. The Company was admitted to the AIM market of the London Stock Exchange in June 2006.

The investment information provided on these pages is disclosed for the purposes of Rule 26 of the AIM Rules for Companies - Download theArticles of Association.

LAST UPDATED: 24 April 2018

Share information

Share facts
 
Significant shareholders
 
Shareholder
 
% held
 

Mr Rodney Potts

9.68%
 

Liontrust Investment Partners LLP  

9.45%
 

Lombard Odier Asset Management (Europe) Limited

3.23%
 

Artemis Fund Managers LTD 

6.82%
 

Investec Wealth & Investment Limited 

6.42%
 

Didner & Gerge Fonder AB

5.35%
 

Miton Asset Management LTD

4.55%
 

Strategic Equity Capital plc

4.34%
 

Hargreave Hale LTD

3.50%
 

Otus Capital Management

3.19%
 

Total shares in issue: 92,896,436

11.45% of the ordinary shares of the Company are not held in public hands.

Proactis Holdings Plc has not applied or agreed to have any of it securities admitted or traded on any other exchanges or trading platforms, other than the AIM market of the London Stock Exchange.

There are no restrictions on the transfer of Proactis Holdings Plc's AIM securities. Proactis Holdings Plc is subject to the UK City Code on Takeovers and Mergers.

This information was last updated on 6 February 2018.

Board members

X
Hampton has more than 30 years of corporate management, business development and international M&A experience.

He was President and Chief Executive Officer of Perfect Commerce for 10 years and was previously President of CorMine LLC, a leading procurement services BPO company that acquired Perfect Commerce in 2007.

Prior to CorMine LLC, he held various positions at Ferguson Enterprises and Wolseley PLC over 17 years, latterly as the President of the Corporate Sales Division. 
Hampton Wall, Chief Executive Officer
Hampton Wall


Chief Executive Officer
X
Tim is a fellow of the Institute of Chartered Accountants of England and Wales.

Over the last ten years, he has built up an expertise within the small cap AIM listed market with over 25 financial years' experience across 5-10 companies as consulting CFO, before joining Proactis on a full-time basis from January 2016. Prior to that, he held senior positions within corporate finance at KPMG and as Commercial Director at Mountain Warehouse.
Tim Sykes, Chief Financial Officer
Tim Sykes


Chief Financial Officer
X
Sean joined the Group as Director of Professional Services during 2005 from Azolve Limited, which he co-founded.

Previous roles include Director of Professional Services for Coda Group plc, UK Technical Director for BaaN, Head of Professional Services – Europe Silknet Limited and VP of Professional Services EMEA at Kana Communications. 
Sean McDonough, Chief Operating Officer
Sean McDonough


Chief Operating Officer
X
Mr Aubrey is the Chief Executive Officer of IP Group plc, a FTSE 250 company that specialises in commercialising intellectual property. He is also a non-executive chairman of Ceres Power Holdings plc, a manufacturer of advanced solid oxide fuel cells, a non-executive director of Avacta Group plc, an AIM listed company that develops new detection and diagnostic devises for the bio-pharmaceutical markets and a non-executive director of the Department of Business Innovation and Skills (BIS). Mr Aubrey is a fellow of the Institute of Chartered Accountants of England and Wales. Mr Aubrey is a member of the Remuneration Committee and the Chair of the Audit Committee.
Alan Aubrey, Non-Executive Chairman
Alan Aubrey


Non-Executive Chairman
X
Mr Potts was one of the founders and former Chief Executive of CODA Group plc, the global provider of accounting systems. He is a director of a number of technology ventures. Mr Potts is the Chair of the Remuneration Committee and a member of the Audit Committee.
Rodney Potts, Non-Executive Director
Rodney Potts


Non-Executive Director

Regulatory news


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Reports and documents

Most of the documents available for download are in the Portable Document Format (PDF). In order to view the PDF files, you will need to have the free Adobe® Acrobat® Reader installed on your computer.
Annual report and accounts 
Interim results
Preliminary results
Admission document

Please use the link below to view the admission document and certain other documents related to the fundraising, acquisition and re-admission to AIM.

Read more
Notice of AGM

AGM 2017 notice
Download

AGM 2017 proxy form
Download

Contacts and advisors

Tim Sykes 

Chief Financial Officer

Riverview Court
Castle Gate
Wetherby
LS22 6LE
UK

T: +44 (0)1937 545 070
Auditors

KPMG LLP
1 The Embankment
Neville Street
Leeds
LS1 4DW
UK
Financial PR advisors

Redleaf Communications
First Floor, 4 London Wall Buildings
Bloomfield Street
London
EC2M 5NT
UK
Lawyers

Walker Morris
Kings Court
12 King Street
Leeds
LS1 2HL
UK
Registrars 

Link Asset Services
Northern House
Woodsome Park, Fenay Bridge
Huddersfield
HD8 0GA
UK

Analysts

H1 solid but short-term headwinds building - Progressive Equity Research - 24/4/18    
 
View
 
Doubling and delivering - Progressive Equity Research - 12/2/18
 
View
 
Going for scale - Progressive Equity Research - 12/1/18
 
View
 
Setting the stage - Progressive Equity Research - 12/10/17
 
View
 
Powering on - Progressive Equity Research - 13/9/17 
 
View
 
Execution engine - Progressive Equity Research - 26/4/17 
 
View
 

Corporate governance

The Company confirms that, pursuant to AIM Notice 50, and the upcoming changes to the AIM Rules for Companies as regards certain new corporate governance requirements, it intends to adopt the Quoted Company Alliance’s Corporate Governance Code for Small and Mid-Size Quoted Companies 2013  (the “QCA Code”). The Company currently has two non-executive Directors with relevant sector experience to complement and bring an inde-pendent view to the Board, and to provide a balance to the executive Directors. The Board is responsible for formulating, reviewing and approving the Group’s strategy, budgets and corpo-rate actions. The Directors will continue to hold meetings of the Board approximately nine times a year and at other times as and when required. 

The Board is currently in the process of reviewing the composition of its non-executive board. 
The Board of Directors and Committees of the Board of Directors

The Company has established Audit and Remuneration Committees with formally delegated duties and responsibilities. 

Audit Committee

The Audit Committee* is chaired by Alan Aubrey and has the primary responsibility of monitoring the quality of internal controls and ensuring that the financial performance of the Group is properly mea-sured and reported on. It receives and reviews reports from the Group’s management and external audi-tors relating to the interim and annual accounts and the accounting and internal control systems in use throughout the Group. The Audit Committee meets not less than twice in each financial year and has unrestricted access to the Group’s external auditors. The Audit Committee comprises Alan Aubrey and Rodney Potts. 

Remuneration Committee

The Remuneration Committee* is chaired by Rodney Potts and reviews the performance of the executive directors and makes recommendations to the Board on matters relating to their remuneration and terms of service. The Remuneration Committee also makes recommendations to the Board on proposals for the granting of share options and other equity incentives pursuant to any employee share option scheme, equity incentive plan or bonus scheme in operation from time to time. The Remuneration Com-mittee meets as and when necessary. In exercising this role, the members of the committee have regard to the recommendations put forward in the QCA Guidelines and, where appropriate, the UK Corporate Governance Code. The Remuneration Committee comprises Rodney Potts and Alan Aubrey.

The division of responsibilities between the Chairman and the Chief Executive Officer is clearly defined. The Chairman's primary responsibility is ensuring the effectiveness of the Board and setting its agenda. The Chairman has no involvement in the day-to-day business of the Group. The Chief Executive Officer has direct charge of the Group on a day-to-day basis and is accountable to the Board for the financial and operational performance of the Group.

The performance of the Board is evaluated on an ongoing basis with reference to all aspects of its op-eration including, but not limited to: the appropriateness of its skill level; the way its meetings are con-ducted and administered (including the content of those meetings); the effectiveness of the various Committees; whether Corporate Governance issues are handled in a satisfactory manner; and, whether there is a clear strategy and objectives.

A new director, on appointment, is briefed on the activities of the Company. Professional induction train-ing is also given as appropriate. The Chairman briefs non-executive directors on issues arising at Board meetings if required and non-executive directors have access to the Chairman at any time. Ongoing training is provided as needed. Directors are continually updated on the Group's business and on issues covering insurance, pensions, social, ethical, environmental and health and safety by means of Board presentations.

In the furtherance of his duties or in relation to acts carried out by the Board or the Company, each director has been informed that he is entitled to seek independent professional advice at the expense of the Company. The Company maintains appropriate cover under a Directors and Officers insurance policy if legal action is taken against any director.

The non-executive directors are considered by the Board to be free to exercise independence of judge-ment. They have never been employees of the Company nor do they participate in any of the Compa-ny's pension schemes or bonus arrangements. They receive no other remuneration from the Company other than their fees.

It is recognised that the FRC’s Corporate Governance Code does not treat the Chairman as independent and it is considered best practice that he should not sit on the Audit or Remuneration Committees. How-ever the Board takes the view that as the number of non-executive directors is only two, including the Chairman, and as the Chairman does not chair either of those Committees, his participation will contin-ue as each of the Committees gain the benefit of his external expertise and experience in areas which the Company considers important.
*The Remuneration Committee reviews the performance of the Executive Directors and sets the scale and structure of their remuneration and it reviews the basis of their service agreements with regard to the interests of the shareholders. Other board members may be invited to attend meetings. The Remunera-tion Committee also makes recommendations to the Directors concerning the allocation of share op-tions to Directors and employees. The remuneration and terms of appointment of Non-Executive Direc-tors is set by the Board.
*The Audit Committee meets at least twice each year and is responsible for monitoring the quality of internal control, ensuring that the financial performance of the Company is properly measured and reported on, meeting with the auditors and reviewing reports from the auditors relating to accounting and internal controls. The Chief Financial Officer will be invited to attend meetings but the committee will meet with the auditors at least once each year without the Chief Financial Officer being present.
Nominations Committee

There is no formal Nominations Committee, the appointment of new Directors is being considered by the full Board.

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