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Proactis appoints Tim Sykes as new chief executive

Thu, 10th Jan 2019 09:27

(Sharecast News) - eCommerce solutions provider Proactis appointed Tim Sykes as chief executive with immediate effect on Thursday, taking over from Hamp Wall who has stepped down from the board altogether.Proactis, which was considering a shortlist of candidates to replace Sykes as chief financial officer, will task its new chief executive with also manage the group's finances in the interim period.Chairman Alan Aubrey said: "Tim has been with the Company since its float in 2006 and on a full-time basis as chief financial officer since December 2015."During this time, he has played a leading role in a number of key areas, including the shaping of the group's strategy, the group's M&A programme and the restructuring and shaping of the group's executive team. The Board has great confidence in Tim's ability to drive the business forward in his new role as chief executive officer."The AIM-listed group also agreed that its outgoing chief executive would no longer be obliged to exercise his conversion rights over the 2% convertible unsecured loan notes issued as part of the consideration for its acquisition of Perfect Commerce.Wall, who will remain with the group in a purely advisory capacity, will retain his interest in up to 246,212 ordinary shares and has also been granted an option over 300,000 shares at an exercise price of 10p.In terms of trading, Proactis assured investors that it continues to perform in line with management's expectations.As of 0925 GMT, Proactis shares had dipped 1.41% to 140p.

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14 Jan 2014 14:31

Proactis agrees to buy rival EGS

AIM-listed software group Proactis has agreed an acquisition of a rival that will make the enlarged company the largest public sector procurement provider in the UK. The spending control company will pay a net £2.2m for EGS, a well-regarded competitive e-procurement solution provider also specialis

14 Jan 2014 11:11

Proactis To Acquire EGS Group In GBP2.9 Million Cash Deal

LONDON (Alliance News) - Proactis Holdings PLC Tuesday said it has agreed to acquire rival EGS Group Ltd in a GBP2.9 million cash deal, an acquisition that the company says will make it the biggest independent online procurement provider to the public sector in the UK. In a statement, Proac

2 Oct 2013 15:42

STOCKS NEWS EUROPE-UK small caps end down 0.5 pct

UK small caps closes down 0.5 percent while the junior-listed AIM shares fall 0.7 percent, against a 0.4 percent drop for the blue-chip FTSE 100 index. Evocutis, focused on advanced laboratory and clinical evaluations of skincare products for the health and cosmetic markets, falls 59 percen

2 Oct 2013 14:22

CORRECT UPDATE: Proactis Raises Dividend 33% On Strong Full-Year Results

2 Oct 2013 14:19

UPDATE: Proactis Raises Dividend 33% On Strong Full-Year Results

2 Oct 2013 11:27

UK WINNERS & LOSERS: Domino's Pizza Jumps, Food Retailers Slip

2 Oct 2013 07:30

Proactis Raises Dividend 33% On Strong Full-Year Results

13 Mar 2013 11:59

Proactis shares jump on India joint venture news

Proactis, the AIM-listed software and services provider, has launched a joint venture operation to provide its solutions to the Indian market. In an update issued on Wednesday, the group reported that outsourced procurement services would be provided on the group's software platform. The joint ven

4 Aug 2011 12:31

Cloud transition rains on Proactis's parade

Shares in software firm Proactis Holdings plunged after it said performance had disappointed and revenues would be behind expectations. Thursday's trading update showed that in the first year since it moved to a cloud-based subscription model, Proactis had signed 14 new deals out of a total of 30 n

5 Apr 2011 12:59

SaaS model changes Proactis's revenue profile

Cloud computing - remote access to applications and data - is the coming thing in the business world but the move to a pay-as-you-go model is causing short-term sales declines for software providers such as procurement solutions specialist Proactis Holdings. The company announced a 13% fall in its

28 Jun 2010 08:00

PRESS RELEASE: PROACTIS & UNIT4 Deliver End-to-End Process Management

LONDON--(BUSINESS WIRE)--June 28, 2010-- PROACTIS (AIM:PHD), the spend control and eProcurement specialist, and UNIT4 Business Software, the UK division of UNIT4, the world's leading provider of ERP for fast changing organisations, have today announced a strategic partnership agreement to provid

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