PGY Progility

TIDMPGY

RNS Number : 2219A

Progility PLC

22 December 2017

For immediate release:

22 December 2017

The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Progility plc

("Progility" or "the Company" or "the Group")

Results of the Annual General Meeting and update on Share reorganisation

Progility plc (AIM: PGY) is the holding company of a systems integration and project management services group which has been created to provide a range of project management services including innovative and market leading technology solutions.

Progility is pleased to announce that, at its Annual General Meeting held today, at 10am, all the Resolutions were duly passed.

Share reorganisation

As we have already explained in the notice of this year's Annual General Meeting, now that the shareholders have approved the proposed share reorganisation, for every shareholding of 500 ordinary shares as at close of business on 22 December 2017 these shares will be consolidated in to 1 new share of GBP50.00, which will then be sub-divided in to 1 GBP49.99 deferred share and 4 new ordinary shares of GBP0.0025. The New Ordinary Shares will have the same rights as the existing ordinary shares.

The deferred shares will not be traded, will have limited rights and be subject to several restrictions.

All shareholdings of less than 500 shares and those fractional entitlements following the consolidation of 500 or more shares at close of business on 22 December 2017 will be aggregated and sold by the Company in the market. As a result the Board expects a number of existing shareholders to cease to be shareholders of the Company.

Application has been made for the New Ordinary Shares of 0.25 pence per share to be admitted to trading on AIM ("Admission"). Admission, following the consolidation and sub-division, is expected to occur at or about 8.00 a.m. on Wednesday 27 December 2017, under a new ISIN number - GB00BF5L3580, but with the same TIDM, namely, PGY.

For further information, please contact:

Progility plc

Wayne Bos

Executive Chairman

020 7371 4444

www.progility.com

SPARK Advisory Partners Limited (Nominated Adviser)

Mark Brady

020 3368 3551

W H Ireland Limited

(Broker)

Adrian Hadden/Mark Leonard

020 7220 1666

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 22, 2017 05:37 ET (10:37 GMT)

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