The Panoply announces that it has been notified by certain employees of and consultants to the Company, as well as certain other sellers of companies that have been acquired by The Panoply of their intention to sell a minimum of 2,555,967 ordinary shares of £0.01 each in the Company ("Sale Shares") at a price of 170 pence per Sale Share (the "Sale"). No directors or PDMRs are selling any shares in the Sale.
The Sale Shares represent approximately 3.7% of the Company's issued share capital.
The Company is not a party to the Sale and will not receive any proceeds from the Sale.
Background to the Transaction