Sch 1 Update-Staffing Venture

RNS Number:0448U
AIM
09 January 2004


               ANNOUNCEMENT TO BE MADE BY AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
Staffing Ventures plc to be renamed Supporta plc


COMPANY ADDRESS:
22a Theobalds Road, London


COMPANY POSTCODE:
WC1X 8PF


COUNTRY OF INCORPORATION:
England and Wales


COMPANY BUSINESS:
Outsourced payroll services primarily to the public sector


DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price):


TOTAL SHARES: 23,202,194 Ordinary Shares



EXISTING SHARES: 7,675,878 Existing Ordinary Shares of 5p each in issue on 5 December 2003 being the date upon which
the Admission Document was posted to shareholders



PLACING SHARES: 10,526,316 Ordinary Shares of 5p each at an issue price of 38 pence per Ordinary Share



CONSIDERATION SHARES: 5,000,000 Ordinary Shares of 5p each to be issued by the Company to the Vendor by way of
consideration pursuant to the Acquisition


CAPITAL TO BE RAISED ON ADMISSION:
#4,000,000


FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:


DIRECTORS



Robert Holt - Non Executive Chairman

Gavin Mark Kaye - Chief Executive

Philip David Ellis - Finance Director

Simon Gee - Non Executive Director



PROPOSED DIRECTORS (effective upon completion of Acquisition)



John William Williams - Non Executive Director

Michael Joseph Curran - Executive Director


PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
STATING WHETHER BEFORE OR AFTER ADMISSION:
BEFORE ADMISSION:


Unicorn Asset Management                              19.54
Rathbone Investment Management                        15.43
Intrinsic Value Plc                                   9.31
Williams de Broe                                      6.77
JO Hambro Capital Management                          6.67
Sedley DR                                             3.26



IMMEDIATELY FOLLOWING ADMISSION OF CONSIDERATION AND PLACING SHARES:


Unicorn Asset Management                              15.54
Rathbone Investment Management                        11.35
Intrinsic Value Plc                                   4.22
Williams de Broe                                      2.24
JO Hambro Capital Management                          6.74
Sedley DR                                             1.08
Parys Snowdon Group Limited                           21.55
Ruffer Investment Management                          9.07
Framlington Investment Management                     6.24
ISIS Asset Management                                 4.54
New Star Asset Management                             4.31

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES.
None


ANTICIPATED ACCOUNTING REFERENCE DATE:
31 March


EXPECTED DATE OF ADMISSION
Existing and Placing Shares - 12th January 2004

Consideration Shares - 13th January 2004


NAME AND ADDRESS OF NOMINATED ADVISER:
Arbuthnot Securities Limited, One Victoria Square, Birmingham B1 1BD


NAME AND ADDRESS OF BROKER:
Arbuthnot Securities Limited, One Victoria Square, Birmingham B1 1BD


DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS
WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES.
The Admission Document containing full details of Staffing Ventures plc and Parys Snowdon Payroll (to be known as
Supporta plc following admission), will be available for inspection at the offices of BPE, St. James's House, St.
James' Square, Cheltenham GL50 3PR, from the date of posting the document to shareholders on 5 December 2003 until 10
February 2004.


DATE OF NOTIFICATION:
9 January 2004


NEW/ UPDATE (see note):
Update






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