Share Name Share Symbol Market Type Share ISIN Share Description
Staffline Group Plc LSE:STAF London Ordinary Share GB00B040L800 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.35 -0.6% 58.10 58.00 58.20 58.90 56.20 57.10 307,468 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 1,076.7 -48.1 -96.3 - 40

Staffline Group PLC PeoplePlus Update

20/11/2020 7:00am

UK Regulatory (RNS & others)

Staffline (LSE:STAF)
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RNS Number : 9461F

Staffline Group PLC

20 November 2020

20 November 2020


("Staffline" or the "Group")

PeoplePlus Update

Staffline, the recruitment and training group, announces that its PeoplePlus division has agreed terms to sell its Apprenticeships business to Babington Business College Ltd ("Babington"), a leading professional training course, apprenticeships and traineeships provider (the "Transaction") for a nominal fee.

It is anticipated that the Transaction will complete in early December, enabling an orderly transition for both clients and learners. Under the agreement, Babington will acquire contracts and assets from PeoplePlus associated with the delivery of Apprenticeships across England and Scotland.

This Transaction forms part of PeoplePlus' strategic re-focus on its core employability and adult skills capabilities as it seeks to leverage the division's leading position within these markets to capitalise on the significant increases in funding for central and devolved government contracts that have recently been announced.

Albert Ellis, Chief Executive Officer of Staffline, commented:

"We are pleased to have reached an agreement with Babington, which will ensure our Apprenticeship clients and learners continue with another high-quality training provider. PeoplePlus has unique capabilities, experience and scale in the employability and adult skills sectors and this transaction will enable the division to fully focus on the UK wide unemployment challenge that now exists."

For further information, please contact:

 Staffline Group plc                       via Vigo Communications 
  Ian Lawson, Executive Chairman 
  Albert Ellis, Chief Executive Officer 
  Daniel Quint, Interim Chief Financial 
 Liberum NOMAD and Broker 
  Bidhi Bhoma / Joshua Hughes              020 3100 2222 
 Vigo Communications Financial PR          020 7390 0230                
  Jeremy Garcia / Antonia Pollock 

About Staffline - Recruitment, Training and Support

Enabling the Future of Work(TM)

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

Recruitment GB

Staffline is the UK's leading provider of flexible blue-collar workers, supplying approximately 40,000 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 20 industries, 10 branch locations, 15 onsite customer locations and offering RPO, MSP, temporary and permanent solutions across the island of Ireland.

PeoplePlus Division

Staffline is the leading adult skills and training provider in the UK, delivering adult education, prison education and skills-based employability programmes across the country.

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(END) Dow Jones Newswires

November 20, 2020 02:00 ET (07:00 GMT)

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