Staffline Group PLC EBT Share Purchase

RNS Number : 5014V

Staffline Group PLC

08 July 2024

 

 

08 July 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 590,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") on 5 July 2024 at an average price of 0.38 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 8,173,206 ordinary shares, representing 5.53% per cent of the Company's total voting rights, are held in the EBT.

 

For further information, please contact:

 

Staffline Group plc www.stafflinegroupplc.co.uk Albert Ellis, Chief Executive Officer Daniel Quint, Chief Financial Officer	via Vigo Consulting
Panmure Liberum Nominated Adviser and Joint Broker www.liberum.com Richard Lindley / Satbir Kler   Zeus Joint Broker www.zeuscapital.co.uk David Foreman (Investment Banking) Nick Searle (Sales)	020 3100 2222       020 3829 5000
Vigo Consulting Investor Relations & Financial PR www.vigoconsulting.com Jeremy Garcia / Verity Snow	020 7390 0230 [e-mail]

 

About Staffline - Recruitment, Training and Support

Enabling the Future of Work™

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

Recruitment GB

The Recruitment GB business is a leading provider of flexible blue-collar workers, supplying c.30,000 staff per day on average from around 400 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 c.4,500 staff per day on average, and offering RPO, MSP, temporary and permanent solutions across public and private sectors throughout the island of Ireland.

 

PeoplePlus Division

The PeoplePlus business is a leading provider of employability, adult training, prison education and skills-based programmes across the country to those who are disadvantaged in society. In addition, it delivers Community Service support as well as social value services and expertise to employers.

 

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