- Spend management group Proactis Holdings said it had received a number of expressions of interest after it launched a formal sales process of the company in July.

The company also said it expected its revenue for the year through July to rise to £54.1m, up from £52.2m, but its adjusted Ebitda to fall to £15.0m, down from £17.3m.

Proactis said it would update the market after conducting a 'careful review' of the approaches.

'As previously expressed, at this early stage, the board reiterates that there can be no certainty that any offer will be forthcoming or the terms of any such offer,' it added.

Proactis said its financial performance met its expectations following the completion of an operational review announced earlier in the year.

'Significant progress has been made and the delivery of the associated benefits are on target,' it added.

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