Norman Broadbent Share Discussion Threads

[twodegrees] 29/9/2017 08:24

battlebus, do we as shareholders actually get to buy any or is it the secret few that get all the cream

[battlebus2] 29/9/2017 07:29

Now we know why suddenly after the major contract news the stock fell, with a Friday results and placing at NBB, losses increased and placing raising 1.23 million for phase two of the turnaround the growth phase. Results masking how far they have come, Gary Brownings advice will be in big demand. I knew this was a long game but it's really stretching my limits now.

[a2584728] 22/8/2017 12:50

I have extremely high hopes for this business. May look to acquire some private companies like Planet Forward/Pharma maybe. iMHO

[cossie] 22/8/2017 10:54

22 August 2017

Norman Broadbent plc

("Norman Broadbent" or "the Company" or "the Group")

Corporate Update

Norman Broadbent plc (AIM: NBB) - a leading provider of Talent Acquisition & Advisory Services, comprising Board and Executive Search, Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive-level Recruitment Solutions announces the appointment of Gary Browning as Strategic Adviser to the Board and CEO, the appointment of WH Ireland as Nominated Adviser and Broker, the issue of a GBP300,000 Loan Note and the commencement of CFO Succession Planning.

Appointment of Gary Browning as Strategic Advisor to the Board and CEO

Norman Broadbent is pleased to announce the appointment of Gary Browning as a Consultant and Strategic Adviser to the Board and CEO.

Gary Browning's role at Norman Broadbent will be to provide advice and support in the areas of strategic opportunities, market and competitive developments and to assist in the execution of Norman Broadbent's growth plan.

Gary Browning's appointment brings the benefit of over 20 years' relevant sector experience to the Company. Gary joined Penna Consulting plc, the international human resources consulting group, in 2002. He was Chief Executive from 2005, when the business was capitalised at approximately GBP25m, until 2016 when the business was sold to ADECCO S.A. for GBP105m. His earlier career included 12 years with WPP Group plc where, from 1997 to 2002, he was Managing Director of BDG McColl Ltd.

Gary Browning is currently a Non-Executive Director at CloudCall plc; a Non-Executive Director and Advisor at Lee Hecht Harrison Penna; Board Advisor to MyKindaFuture; a Non-Executive Director at Talking Talent Ltd, a Non-Executive Director at Employment Conditions Abroad, Board Advisor to AMEO ltd and a Director (National Advisory Board) of Career Ready.

Change of Adviser

The Company is also pleased to announce that it has appointed WH Ireland Limited as its Nominated Adviser and Broker with immediate effect.

Issue of Secured Loan Notes

The Company has raised GBP300,000, through the issue of secured loan notes ("2017 Loan Notes"). The 2017 Loan Notes are being subscribed for by the MI Downing UK Micro Cap Growth Fund.

The 2017 Loan Notes will be repayable on 22 August 2018 and bear interest at 12% per annum which is payable in cash, quarterly in arrears. The proceeds of the 2017 Loan Notes will be used for working capital purposes as the Group prepares for the next phase of the growth plan.

Downing is a substantial shareholder in Norman Broadbent and therefore the issue of the 2017 Loan Notes to Downing is deemed to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The directors of Norman Broadbent, having consulted with the Group's nominated adviser, WH Ireland Limited, consider Downing's participation in the issue of the 2017 Loan Notes to be fair and reasonable insofar as shareholders are concerned.

CFO Succession Planning

James Webber, Group CFO, has indicated to the Board that he intends to leave Norman Broadbent to pursue other business interests. Accordingly the Company has begun a process to find a successor, which is being led by the Group CEO supported by Gary Browning and the Board. The succession planning process is well underway in order to facilitate a seamless hand-over.

Commenting on today's announcement, Group CEO Mike Brennan said:

"We are delighted to welcome Gary to Norman Broadbent. His significant experience and counsel will be of great value to the Board and me as we enter the next stage of our growth plan. We are ambitious for the Company and feel Gary not only understands that ambition, but can help us achieve it.

On behalf of the Board I would also like to thank James Webber for his significant contribution to Norman Broadbent. Having spent nearly 4 years with us, he showed himself to be a loyal and committed member of the Norman Broadbent team. I have greatly enjoyed working with him since I joined the Group as CEO last April. On behalf of everyone at Norman Broadbent, we wish him all the very best.

The Board are also pleased to welcome WH Ireland to Norman Broadbent's group of advisors. As 'Growth Advisors', they seem ideally positioned to help the Company as we enter a new and exciting phase."

[battlebus2] 21/7/2017 16:36

Hi cossie good to see another holder, patience required for these hence they are in my early/recovery folio....

[cossie] 21/7/2017 16:33

Hi bb, holding quite a few for the end game. Quoted 12.325p to buy up to 20000. Still only bid 8.5p on 3000.

[battlebus2] 21/7/2017 16:26

you'll buy well within that cossie.

[cossie] 21/7/2017 16:24

47% spread!!

[battlebus2] 21/7/2017 16:18

There's just no buyers..it's a long game this one two degrees

[twodegrees] 21/7/2017 16:13

well well market makers shafting shareholders again with just 1 trade.

[battlebus2] 12/7/2017 09:20

LOL, let's just return to profitability and the share price will follow.

[a2584728] 12/7/2017 08:46

I am convinced we will get taken out at 20p

[battlebus2] 06/7/2017 17:57

Clearly someone dropping a few shares onto the market since the deal was announced but it's pleasing to see Mike buying a few more and now hols 1.6%.

[a2584728] 05/7/2017 08:45

Gervais Williams of Miton would not be here without knowing his investment was safe, all imho.

[a2584728] 05/7/2017 08:44

Adding 5000 today

[letmepass] 05/7/2017 08:38

Look at trades.. None.. Trapped until next news

[battlebus2] 04/7/2017 23:10

Thanks Panic, yep...

Excellent news that we can now win major contracts like the one today with a FTSE 100 co. Well done to Mike and the team for the excellent ground work that has proved decisive in this win. No figures or even a name disclosed but let's hope this is only the start and more contracts will follow. This has to be a big boost in the quest to return to profitability.

[panic investor] 04/7/2017 18:00

Well done BB ! Assume your on holiday !

[twodegrees] 04/7/2017 17:31

letmepass...explain what you mean.

[letmepass] 04/7/2017 17:03

And nobody buying.. Trapped..

[twodegrees] 04/7/2017 16:46

so only 25.8% free float