REG - Empresaria Group PLC - Sale of non-core subsidiary

EmpresariaAnnouncement

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RNS Number : 8683B  Empresaria Group PLC  24 April 2026

24 April 2026

 

Empresaria Group plc

("Empresaria", the "Company" or the "Group")

 

Sale of non-core subsidiary and related party transaction

 

Empresaria Group plc (AIM: EMR), the international specialist staffing group,
announces the sale of its 90% interest, held via its wholly owned subsidiary
Interim Management International Limited, in Skillhouse Staffing Solutions
K.K. ("Skillhouse") to Mark Smith (the "Sale"). Mark Smith is the current
managing director of Skillhouse.

 

The Group will receive an initial cash consideration of ¥200,000,000
(approximately £0.94 million) on completion of the Sale. In addition, the
Group will receive deferred consideration, to be calculated as 80% of
Skillhouse's profit before tax over the 2026 and 2027 financial years, subject
to a minimum of ¥20,000,000 (approximately £94k) for each financial year.

 

Skillhouse operates in Japan and is a staffing agency specialising in
recruiting for IT roles. The Sale is part of the Group's previously announced
strategy to exit the Group's smaller operations in markets or sub‐sectors
where the Group does not plan to commit further investment. It is anticipated
that the net proceeds generated from the Sale will be applied to the Group's
working capital requirements.

 

The gross assets the subject of the Sale, as at 31 December 2025, were
approximately £2.4 million and Skillhouse generated a profit before tax
during the year ended 31 December 2025 of approximately £0.25 million.

 

Related Party Transaction

 

The sale of the Group's 90% interest in Skillhouse to Mark Smith, a director
of Skillhouse, is deemed to be a related-party transaction pursuant to rule 13
of the AIM Rules for Companies. The directors of Empresaria, all of whom are
independent of the Sale, consider, having consulted with the Company's
nominated adviser, Allenby Capital Limited, that the terms of the Sale are
fair and reasonable insofar as the Company's shareholders are concerned.

 

- Ends -

 

 

Enquiries:

 Empresaria Group plc                                     via Alma PR
 Nigel Marsh, Chief Executive Officer

James Chapman, General Counsel & Company Secretary
 Allenby Capital Limited (Nominated Adviser and Broker)   020 3328 5656
 Nick Naylor / Vivek Bhardwaj (Corporate finance)

Tony Quirke (Equity sales) / Ian Jermin (Research)
 Alma Strategic Communications (Financial PR)             020 3405 0205
 Sam Modlin / Rebecca Sanders-Hewett / Sarah Peters
empresaria@almastrategic.com

 

 

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