REG - Staffline Group PLC - Completion of Buyback Programme

StafflineAnnouncement

15/04/2025 07:02

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RNS Number : 9922E  Staffline Group PLC  15 April 2025

15 April 2025

 

Staffline Group plc

 

("Staffline" or the "Company")

 

Completion of Buyback Programme

On 25 February 2025 Staffline Group plc announced an on-market share buyback
programme to purchase up to a maximum aggregate £7.5 million of ordinary
shares of 10 pence each in the Company ("Ordinary Shares" and the
"Buyback").  The Buyback was to be carried out in two tranches, with the
first tranche being for up to 15,517,851 Ordinary Shares ("Tranche 1").  The
second tranche ("Tranche 2") will be for up to 12,440,000 Ordinary Shares and
will be conditional on the Company's shareholders approving the relevant
resolution at the Company's next Annual General Meeting, which is expected to
be on or around 21 May 2025.

The Group confirms that Tranche 1 of the Buyback is now complete, with the
Group having repurchased 15,517,851 ordinary shares for a total consideration
of £4,843,093.81. The average price of shares bought back under Tranche 1 was
32.34 pence per share.

For further information, please contact:

 

 Staffline Group plc                                                via Vigo Consulting

 www.stafflinegroupplc.co.uk (http://www.stafflinegroupplc.co.uk)

 Albert Ellis, Chief Executive Officer

 Daniel Quint, Chief Financial Officer

 Panmure Liberum Limited (Nominated Adviser and Broker)             020 3100 2000

 www.panmureliberum.com (http://www.panmureliberum.com)

 Nicholas How / Satbir Kler

 Zeus (Joint Broker)                                                020 3829 5000

 www.zeuscapital.co.uk (http://www.zeuscapital.co.uk)

 David Foreman (Investment Banking)

 Nick Searle (Sales)

 Vigo Consulting (Financial PR)                                     020 7390 0230

 www.vigoconsulting.com (http://www.vigoconsulting.com)             Staffline@vigoconsulting.com

 Jeremy Garcia / Verity Snow

 

About Staffline - Recruitment

Enabling the Future of Work™

Staffline is one of the UK's leading Recruitment groups. It has two divisions:

 

Recruitment GB

The Recruitment GB business is a leading provider of flexible blue-collar
workers, supplying up to c.35,000 staff per day on average from around 400
sites, across a wide range of industries including supermarkets, drinks,
driving, food processing, logistics and manufacturing.

 

Recruitment Ireland

The Recruitment Ireland business is a leading end to end solutions provider
operating across multiple industries, ten branch locations and ten onsite
customer locations, supplying c.4,500 staff per day on average, and offering
RPO, MSP, temporary and permanent solutions across public and private sectors
throughout the island of Ireland.

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