Staffline Group PLC EBT Share Purchase (0160O)

TIDMSTAF

RNS Number : 0160O

Staffline Group PLC

26 January 2023

26 January 2023

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 500,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") on 26 January 2023 at an average price of 33.00 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 2,514,511 ordinary shares, representing 1.52 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 
  Albert Ellis, Chief Executive Officer 
  Daniel Quint, Chief Financial Officer 
 
 Liberum (Nominated Adviser and Broker) 
  www.liberum.com 
  Richard Lindley / William Hall / Lucas 
  Bamber                                    020 3100 2222 
 
 Zeus (Joint Broker) 
  www.zeuscapital.co.uk 
  David Foreman (Investment Banking) 
  Nick Searle (Sales)                       020 3829 5000 
 
 Vigo Consulting (Financial PR)             020 7390 0230 
  www.vigoconsulting.com                     [e-mail] 
  Jeremy Garcia / Kate Kilgallen 
 

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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(END) Dow Jones Newswires

January 26, 2023 10:45 ET (15:45 GMT)