TPXimpact Holdings (TPX)

Sector:

IT Services

Index:

FTSE AIM All-Share

235.00p
   
  • Change Today:
    -15.00p
  • 52 Week High: 312.50
  • 52 Week Low: 160.00
  • Currency: UK Pounds
  • Shares Issued: 88.00m
  • Volume: 44,854
  • Market Cap: £206.80m

The Panoply buys GreenShoot Labs for up to £7.35m

By Michele Maatouk

Date: Tuesday 12 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Technology services company, The Panoply, has announced the acquisition of GreenShoot Labs - a provider of enterprise digital solutions using applied Artificial Intelligence and conversational interfaces - for up to £7.35m.




The Panoply said GreenShoot Labs further progresses its aim to build regional clusters which provide a full suite of digital transformation services.

It said the deal is in line with its strategy to back start-ups with strong management and strong potential for growth. The acquisition terms include no initial consideration and additional consideration only payable if GreenShoot Labs achieves positive EBITDA during the earn-out period.

In the period following completion, a de minimis cash amount will be payable to the sellers of GreenShoot Labs equivalent to the value of the current net assets of GreenShoot Labs acquired at completion.

In order to achieve the theoretical maximum for the total consideration payable, GreenShoot Labs would need to generate in excess of £1m EBITDA within the earn-out period. The Panoply said there can of course be no guarantee that GreenShoot Labs will be able to grow its business to this level within the required timeframe.

Chief executive officer Neal Gandhi said: "We are delighted to be making our third acquisition since our IPO of GreenShoot Labs, a leader in applied AI and conversational interfaces. Over a short period of time the team there have proven themselves a player to be reckoned with in their field, implementing projects for several blue-chip brands and garnering national acclaim with their AI football coach.

"The acquisition of GreenShoot Labs enables The Panoply to solve another important element of the digital transformation puzzle and we are excited to see the company's growth accelerate as part of the group."

At 1505 GMT, the shares were down 5% to 95p.

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TPX Market Data

Currency UK Pounds
Share Price 235.00p
Change Today -15.00p
% Change -6.00 %
52 Week High 312.50
52 Week Low 160.00
Volume 44,854
Shares Issued 88.00m
Market Cap £206.80m

TPX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
46.82% above the market average46.82% above the market average46.82% above the market average46.82% above the market average46.82% above the market average
48.67% above the sector average48.67% above the sector average48.67% above the sector average48.67% above the sector average48.67% above the sector average
Income Not Available
Growth
44.06% above the market average44.06% above the market average44.06% above the market average44.06% above the market average44.06% above the market average
48.45% above the sector average48.45% above the sector average48.45% above the sector average48.45% above the sector average48.45% above the sector average

TPX Dividends

  Latest Previous
  Interim Final
Ex-Div 20-Jan-22 23-Sep-21
Paid 28-Jan-22 01-Oct-21
Amount 0.30p 0.40p

Trades for 18-Jan-2022

Time Volume / Share Price
16:33 15,267 @ 230.00p
16:34 10,000 @ 235.00p
16:25 3,000 @ 238.00p
15:24 8,543 @ 234.00p
16:17 5,000 @ 235.00p

TPX Key Personnel

CEO Neal Narendra Gandhi
CFO Oliver James Rigby

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