REG - Staffline Group PLC - EBT Share Purchase

StafflineAnnouncement

19/02/2024 10:45

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RNS Number : 6223D  Staffline Group PLC  19 February 2024

19 February 2024

Staffline Group plc

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

 

EBT Share Purchase

 

The Company was notified by the trustees of The Staffline Group plc Employee
Benefit Trust (the "EBT") that the EBT purchased 99,455 ordinary shares of 10
pence each in the Company ("Ordinary Shares") on 16 February 2024 at an
average price of 29.57 pence per share.

 

Shares held in the EBT are intended to be used to satisfy awards made under
the Staffline employee share schemes. The EBT is a discretionary trust for the
benefit of employees of Staffline Group plc and its subsidiaries. The purchase
of Ordinary Shares by the EBT has been funded by a loan provided by the
Company from its existing cash resources.

 

Following this transaction, a total of 5,720,783 ordinary shares, representing
3.83 per cent of the Company's total voting rights, are held in the EBT.

 

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

 Liberum (Nominated Adviser and Broker)                             020 3100 2222

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

 Richard Lindley / 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

 

Market Abuse Regulation:

 

For the purposes of MAR, Article 2 of Commission Implementing Regulation (EU)
2016/1055 and the UK version of such implementing regulation, the person
responsible for arranging for the release of this Announcement on behalf of
the Company is Daniel Quint, Chief Financial Officer.

 

About Staffline

 

Providing workforce solutions

Staffline is the UK's market leading Recruitment and Training group. It has
three divisions:

 

Recruitment GB

Staffline is a leading provider of flexible blue-collar workers, supplying
c.37,000 staff per day on average to around 450 client sites, across a wide
range of industries including agriculture, supermarkets, drinks, driving, food
processing, logistics and manufacturing.

 

Recruitment Ireland

The Recruitment Ireland business is a leading end to end solutions provider
operating across twenty industries, ten branch locations, fifteen onsite
customer locations, supplying c.5,000 staff per day on average, and offering
RPO, MSP, temporary and permanent solutions across the island of Ireland.

 

PeoplePlus Division

PeoplePlus is leading skills and employability business with a clear purpose
to help people transform their lives, get jobs and keep jobs, and develop
their careers. The division works with employers to develop workforces of the
future, and with central, local and devolved governments to support their
economic and social policy agendas.

 

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