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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Steppingstone | LSE:SSAS | London | Ordinary Share | GB00B28B2809 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.49 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2454P Steppingstone Associates PLC 03 March 2008 3 March 2008 Steppingstone Associates Plc Change of Name The Board of Steppingstone Associates Plc (the "Company") has today issued a notice to its Shareholders to consider a special resolution to change the name of the Company to 1700 Group Plc. At the time the Company's shares were admitted to trading on AIM in January of this year, the Board was notified that StepStone Solutions Limited, a company whose parent is listed on the Norwegian stock exchange, was concerned over possible confusion over the name of both Groups. Rather than incur unnecessary legal expenses in defending the use of Steppingstone by the holding company, the Board has decided that it is in the Company's best interest for Shareholders to agree to a change in name. The operating subsidiaries, the brands recognised in the recruitment market, will continue to be called Hamblyn Selection Limited and Inspired Selection Limited. Notice of the General Meeting of the Company to be held at 10.30 on 20 March 2008, at the offices of Grant Thornton LLP, 30 Finsbury Square, London EC2A 1AG, together with proxy cards have today been dispatched to Shareholders. The Board unanimously recommends Shareholders to vote in favour of the resolution to be proposed at the General Meeting, as they intend to do in respect of their own beneficial holdings and holdings over which they exercise voting control, representing approximately 67 per cent. of the Company's issued share capital. Commenting on the proposed change in name, David Mansfield, Chairman of the Board said "changing the Company's name to 1700 Group Plc represents a pragmatic solution and one which will ensure that senior management continue to be focused on the more important matter of running the business." Contact for further information: Steve Hyde, CEO Steppingstone Associates Plc 020 7440 1505 Gerry Beaney, Grant Thornton LLP 020 7728 5100 This information is provided by RNS The company news service from the London Stock Exchange END MSCBLGDXLBGGGIX
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