REG - Staffline Group PLC - Launch of Share Buy-back

StafflineAnnouncement

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RNS Number : 7793X  Staffline Group PLC  24 March 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET
ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

 

 

24 March 2026

 

STAFFLINE GROUP PLC

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

 

LAUNCH OF SHARE BUY-BACK

Staffline Group plc, the recruitment group, today announces that it intends to
commence a share buyback programme (the "Buyback") to purchase up to 4,971,315
ordinary shares of 10 pence each in the Company (the "Ordinary Shares"). The
Ordinary Shares purchased pursuant to the Buyback will be cancelled.

 

The Group remains disciplined in its allocation of capital with the main
objective being to enhance shareholder value.  The Board continuously
assesses the Company's medium-term plans which take account of growth
prospects, investment in the business, cash generation, net borrowings, and
leverage.  Therefore, the amount allocated to buybacks is based on our
predicted trading cash flows and financing headroom.

 

The Buyback will be operated in accordance with the terms of the Company's
general authority to repurchase Ordinary Shares granted by shareholders at its
annual general meeting (the "AGM"), held on 21 May 2025.

 

In accordance with the authority granted at the AGM, a) the aggregate number
of Ordinary Shares to be repurchased (including Ordinary Shares purchased by
the Company as part of the share buyback programme announced in 2025) will not
exceed 19,021,847, b) the minimum price which may be paid for each Ordinary
Share will be £0.10, and c) the maximum price (excluding expenses) which may
be paid for each Ordinary Share will be the higher of: (i) an amount equal to
105 per cent of the average of the middle market quotations for the Ordinary
Shares as derived from the AIM Appendix of the Daily Official List of London
Stock Exchange plc for the five business days immediately preceding the day on
which the purchase is made; and (ii) an amount equal to the higher of the
price of the last independent trade of an Ordinary Share and the highest
current independent bid for an Ordinary Share on the trading venue where the
purchase is carried out.

 

Shareholders should be aware that a purchase of Ordinary Shares by the Company
on any trading day may represent a significant proportion of the daily trading
volume in the Ordinary Shares and could exceed 25 per cent. of the average
daily trading volume of the preceding 20 business days. Should that be the
case, the Company could exceed the pricing and/or volume restrictions as
established by the Commission Delegated Regulation 2016/1052/EU (as in force
in the UK and as amended by the FCA's Technical Standards (Market Abuse
Regulation) (EU Exit) Instrument 2019) (the "Regulation") and therefore the
Buyback may not fall within the safe harbour provisions of the Regulation.

 

As part of the Buyback, Panmure Liberum has been appointed to purchase the
Ordinary Shares as principal.

 

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 (Nominated Adviser and Broker)                      020 3100 2222

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

 Nick How / Satbir Kler
 Zeus (Joint Broker)                                                 020 3829 5000

 https://zeuscapital.co.uk/ (https://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 / Anna Sutton

 

 

About Staffline - Recruitment

Staffline is one of the UK's market 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.38,000 staff per day from around 550 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 up to c.4,700 staff per day, and offering RPO,
MSP, temporary and permanent recruitment solutions across public and private
sectors throughout the island of Ireland.

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