Proposed secondary sale of existing shares

The Panoply Holdings PLC

(the "Company" or "The Panoply")

Proposed secondary sale of existing shares

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

The Panoply is a technology-enabled services group focused on digital transformation. The Company was founded in 2016 with the aim of identifying and acquiring best-of-breed specialist information technology, design and innovation consulting businesses across Europe.

Since IPO in December 2018, The Panoply has successfully completed the acquisition of eleven companies. This was achieved by using a specific acquisition formula, which allows founders to retain a significant stake in the business. As a result, the majority of the Company's acquisitions have been substantially funded by issuing shares in The Panoply with those shares subject to 12 month lock-up undertakings. As a number of these lock-up undertakings have recently expired, certain employees of, consultants to the Company and certain other sellers of companies that have been acquired by The Panoply now intend to sell a portion of their shares as set out above.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR"). In addition, market soundings (as defined in MAR) were taken in respect of the Sale with the result that certain persons became aware of inside information (as defined in MAR), as permitted by MAR. This inside information is set out in this announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of such inside information relating to the Company and its securities.

The person responsible for the release of this announcement on behalf of the Company is Oliver Rigby, CFO.

End

Enquiries: