REG - Impellam Group plc - Update on Declaration of Dividend in Specie

ImpellamAnnouncement

12/03/2024 07:15

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RNS Number : 4268G  Impellam Group plc  12 March 2024

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FOR IMMEDIATE RELEASE

12 March 2024

Impellam Group plc ("Impellam" or the "Company")

Update on Declaration of Dividend in Specie

 

Further to the announcement on 8 February 2024 regarding Impellam's
declaration of a special dividend of, in aggregate, £25 million to be settled
by way of a dividend in specie of the shares in two newly-incorporated
subsidiaries of Impellam (the "ShellCo Dividend"), Impellam is pleased to
confirm that payment of the ShellCo Dividend was made yesterday, 11 March
2024.

The ShellCo Dividend was effected through the transfer of new ordinary shares
in each of Heather Venture Holdings Ltd. ("Heather" and "Heather Shares") and
Tapir Holdings Ltd. ("Tapir" and "Tapir Shares", and, together with Heather,
the "ShellCos") to Impellam Shareholders on a pro rata basis.

Impellam Shareholders on the Company's register of members at 5.00 p.m.
(London time) on Friday 16 February 2024 (the "Record Date") received one new
Heather Share and one new Tapir Share for each Impellam Share they owned on
the Record Date.

The ordinary shares in each of the ShellCos were admitted to listing on the
Bermuda Stock Exchange with effect from 11 March 2024 with ticker symbols
"HVH.BH" for Heather and "TPH.BH" for Tapir.

The CREST accounts of Impellam Shareholders who hold ordinary shares in the
Company in uncertificated form in CREST were credited with Depositary
Interests representing Heather Shares and Tapir Shares on 11 March 2024.
Definitive share certificates in respect of Heather Shares and Tapir Shares
are expected to be posted to Impellam Shareholders who hold ordinary shares in
the Company in certificated form within 14 days.

Enquiries:

 

 Impellam Group plc
 Julia Robertson, Chief Executive Officer                                        Tel: +44 (0) 20 3826 1651

 Heather Venture Holdings Ltd.
 Abner Peralta, Company Secretary                                                Email: hvhlcosec@gmail.com

 Tapir Holdings Ltd.
 Abner Peralta, Company Secretary                                                Email: tvlcosec@gmail.com

 Houlihan Lokey UK Limited (Financial Adviser to Impellam)
 Thomas Bailey                                                                   Tel: +1 (678) 488 0504

 Tim Richardson                                                                  Tel: +44 (0) 20 7484 4102
 Canaccord Genuity Limited (Nominated Adviser & Sole Broker to Impellam)
 Bobbie Hilliam                                                                  Tel: +44 (0) 20 7523 8150
 Emma Gabriel

 

Important notices:

 

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other than the United Kingdom may be restricted by the laws of the relevant
jurisdictions and therefore any persons who are subject to the laws of any
jurisdiction other than the United Kingdom should inform themselves about, and
observe, any applicable requirements. The information disclosed in this
announcement may not be the same as that which would have been disclosed if
this announcement had been prepared in accordance with the laws of
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restrictions may constitute a violation of the securities law of any such
jurisdiction.

 

Notices related to financial advisers:

 

Houlihan Lokey UK Limited ("Houlihan Lokey"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is acting
exclusively as financial adviser to Impellam and no one else in connection
with the matters set out in this announcement and will not be responsible to
anyone other than Impellam for providing the protections afforded to clients
of Houlihan Lokey or for providing advice in relation to contents of this
announcement or any other matters referred to in this announcement. Neither
Houlihan Lokey nor any of its affiliates owes or accepts any duty, liability
or responsibility whatsoever (whether direct or indirect, whether in contract,
in tort, under statute or otherwise) to any person who is not a client of
Houlihan Lokey in connection with this announcement, any statement contained
herein or otherwise.

 

Canaccord Genuity Limited ("Canaccord Genuity"), which is authorised and
regulated in the United Kingdom by the FCA, is acting as nominated adviser and
corporate broker exclusively for Impellam and for no one else in connection
with the matters set out in this announcement and will not regard any other
person as its client in relation to the matters referred to in this
announcement and will not be responsible to anyone other than Impellam for
providing the protections afforded to clients of Canaccord Genuity, nor for
providing advice in relation to the contents of this announcement or any other
matter referred to in this announcement.

 

Rule 26.1 disclosure:

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
available on the Company's website at
https://investors.impellam.com/offer-for-impellam-group-plc/ by no later than
12 noon (London time) on the Business Day following the date of this
announcement. The content of the website referred to in this announcement is
not incorporated into and does not form part of this announcement.

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