TIDMSTAF
RNS Number : 7226D
Staffline Group PLC
27 June 2019
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND,
THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH
SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE
SEE THE IMPORTANT NOTICES WITHIN THIS ANNOUNCEMENT.
FURTHER, THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION
TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN STAFFLINE
GROUP PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR
SOLICITATION WOULD BE UNLAWFUL.
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE MARKET ABUSE REGULATION ("MAR"). UPON THE PUBLICATION OF THE
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION
IS CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL
THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.
27 June 2019
Staffline Group plc
("Staffline", the "Company" or the "Group")
Result of Placing and Posting of Circular
Staffline, the Recruitment and Training group, is pleased to
announce the successful completion of the accelerated book build
announced earlier today by the Company (the "Placing"). The Placing
was significantly oversubscribed by existing shareholders and new
investors.
The Placing has conditionally raised gross proceeds of
approximately GBP34 million (before expenses) through the placing
of 34 million new ordinary shares of 10 pence each in the Company
(the "Placing Shares") at 100 pence per share (the "Issue
Price").
The Placing Shares represent approximately 122% per cent. of the
Company's existing issued ordinary share capital.
Liberum Capital Limited acted as Sole Bookrunner in connection
with the Placing.
The Placing Shares are not subject to clawback and are not part
of the Open Offer. Neither the Placing nor the Open Offer is
underwritten.
Related Party Transaction
Octopus Investments Limited is considered to be a related party
of the Company (the "Substantial Shareholder") for the purposes of
the AIM Rules by virtue of their status as a substantial
shareholder of the Company. The Substantial Shareholder has agreed
to subscribe for 4,000,000 Placing Shares as part of the
Placing.
The Directors, having consulted with the Company's nominated
adviser, Liberum, consider that the terms of the Substantial
Shareholder's participation in the Placing and/or Open Offer is
fair and reasonable insofar as the Company's Shareholders are
concerned.
Posting of Circular
The Company is pleased to announce that tomorrow it will post a
Circular to Qualifying Shareholders regarding an Open Offer to
raise up to approximately GBP7 million (before expenses) and
setting out further details of the Placing. The Circular will also
be made available on the Company's website later today at
www.stafflinegroupplc.co.uk.
The Circular also contains a Notice of General Meeting, which is
being convened for 9.00 a.m. on 15 July 2019, as the issue of the
Placing Shares and the Open Offer Shares are conditional, inter
alia, on shareholder approval.
Admission
Application will also be made to London Stock Exchange plc for
the Placing Shares and the Open Offer Shares to be admitted to
trading on AIM ("Admission"). It is expected that Admission will
become effective and that dealings in the Placing Shares and the
Open Offer Shares will commence at 8.00 a.m. on 16 July 2019 (being
the business day following the General Meeting).
Other than where defined, capitalised terms used in this
announcement have the meanings given to them in the launch
announcement released by the Company on 27 June 2019.
Enquiries:
Staffline Group plc via Vigo Communications
www.stafflinegroupplc.co.uk
Chris Pullen, Chief Executive Officer
Michael Watts, Chief Financial Officer
Liberum Financial Adviser and Sole Bookrunner
www.liberum.com
Steve Pearce / Joshua Hughes / Euan Brown
/ William Hall 020 3100 2222
Vigo Communications Financial PR 020 7390 0230
www.vigocomms.com staffline@vigocomms.com
Jeremy Garcia / Antonia Pollock / Charlie
Neish
The person responsible for arranging the release of this
information is Mr Chris Pullen, CEO of the Company.
Overview of Staffline
Staffline is the UK's market leading Recruitment and Training
group. It has two divisions:
Recruitment Division
A leading provider of flexible blue-collar workers in the UK,
supplying over 60,000 staff per day to c. 1,600 private sector
clients, across a wide range of industries including agriculture,
drinks, driving, food processing, logistics and manufacturing. It
operates from over 450 locations in UK, Eire and Poland. Its
leading UK Customer Experience platform provides optimised
customer-based staffing management solutions whilst providing
market-leading levels of job satisfaction for workers.
PeoplePlus Division
The leading adult skills and training provider in the UK,
delivering apprenticeships, adult education, prison education and
skills-based employability programmes across the country.
Skills and Training - market leading provider of Apprenticeships
(both Levy and non-Levy), learning and development, adult education
and health and well-being programmes to the Private and Public
sector.
Justice and Community - largest independent provider of
education and training services for prisoners and ex-offenders, as
well as individual support services for carers and people with
disabilities, both at home and in the work place.
Employability - market leading provider of programmes providing
back-to-work education, skills support services to the unemployed
and enterprise advice to individuals wanting to start their own
business.
IMPORTANT NOTICE
This Announcement and the information contained herein is for
information purposes only and is not for release, publication or
distribution, directly or indirectly, in whole or in part, in or
into or from the United States, Canada, Australia, Japan, the
Republic of Ireland or the Republic of South Africa, or any other
jurisdiction where to do so might constitute a violation of the
relevant laws or regulations of such jurisdiction (the "Placing
Restricted Jurisdictions").
The securities of the Company referred to herein have not been
and will not be registered under the United States Securities Act
of 1933 (the "Securities Act") or under the securities laws of any
state or other jurisdiction of the United States and may not be o
ered, sold, or transferred, directly or indirectly, in or into the
United States absent registration under the Securities Act or an
available exemption from or in a transaction not subject to the
registration requirements of the Securities Act and, in each case,
in compliance with the securities law of any state or any other
jurisdiction of the United States. No public o ering of the
Company's securities is being made in the United States.
Persons receiving this Announcement (including custodians,
nominees and trustees) must not forward, distribute, mail or
otherwise transmit it in or into the United States or use the
United States mails, directly or indirectly, in connection with the
Placing and the Open Offer. This Announcement does not constitute
or form part of an o er to sell or issue or a solicitation of an o
er to buy, subscribe for or otherwise acquire any securities in any
jurisdiction including, without limitation, the Placing Restricted
Jurisdictions or any other jurisdiction in which such o er or
solicitation would be unlawful. This Announcement and the
information contained in it is not for publication or distribution,
directly or indirectly, to persons in a Placing Restricted
Jurisdiction unless permitted pursuant to an exemption under the
relevant local law or regulation in any such jurisdiction.
No action has been taken by the Company, Liberum or any of their
respective directors, o cers, partners, agents, employees or a
liates that would permit an o er of the Placing Shares or Open
Offer Shares or possession or distribution of this Announcement or
any other publicity material relating to such Placing Shares or
Open Offer Shares in any jurisdiction where action for that purpose
is required. Persons receiving this Announcement are required to
inform themselves about and to observe any restrictions contained
in this Announcement.
The notification below is made in accordance with the
requirements of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ ------------------------------------------------------------------------------------------------------
a. Name John Crabtree
-----------------------------------------------------------
2 Reason for notification
----------------------------------------- -----------------------------------------------------------
a. Position/Status Non-Executive Chairman
----------------------------------------- -----------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------------------
a. Name Staffline Group plc
-----------------------------------------
b. LEI 213800BVLF1BCOJUH828
----------------------------------------- -----------------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------ ------------------------------------------------------------------------------------------------------
a. Description of Ordinary Shares of 10p each
the financial
instrument, type
of instrument ISIN: GB00B040L800
Identification
Code
----------------------------------------- -----------------------------------------------------------
b. Nature of the Subscription for ordinary shares through conditional
transaction placing. Subscription is conditional on passing
of the certain resolutions at the Company's
general meeting to be held on 15 July 2019.
----------------------------------------- -----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
100p 25,000
-------------------------- ---------------------------
d. Aggregated information N/A
- Aggregated
Volume
- Price
----------------------------------------- -----------------------------------------------------------
e. Date of the transaction 27 June 2019
----------------------------------------- -----------------------------------------------------------
f. Place of the AIMX
transaction
----------------------------------------- -----------------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ ------------------------------------------------------------------------------------------------------
a. Name Christopher Pullen
-----------------------------------------------------------
2 Reason for notification
----------------------------------------- -----------------------------------------------------------
a. Position/Status Group Chief Executive Officer
----------------------------------------- -----------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------------------
a. Name Staffline Group plc
-----------------------------------------
b. LEI 213800BVLF1BCOJUH828
----------------------------------------- -----------------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------ ------------------------------------------------------------------------------------------------------
a. Description of Ordinary Shares of 10p each
the financial
instrument, type
of instrument ISIN: GB00B040L800
Identification
Code
----------------------------------------- -----------------------------------------------------------
b. Nature of the Subscription for ordinary shares through conditional
transaction placing. Subscription is conditional on passing
of the certain resolutions at the Company's
general meeting to be held on 15 July 2019.
----------------------------------------- -----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
100p 100,000
-------------------------- ---------------------------
d. Aggregated information N/A
- Aggregated
Volume
- Price
----------------------------------------- -----------------------------------------------------------
e. Date of the transaction 27 June 2019
----------------------------------------- -----------------------------------------------------------
f. Place of the AIMX
transaction
----------------------------------------- -----------------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ ------------------------------------------------------------------------------------------------------
a. Name Michael Watts
-----------------------------------------------------------
2 Reason for notification
----------------------------------------- -----------------------------------------------------------
a. Position/Status Group Chief Financial Officer
----------------------------------------- -----------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------------------
a. Name Staffline Group plc
-----------------------------------------
b. LEI 213800BVLF1BCOJUH828
----------------------------------------- -----------------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------ ------------------------------------------------------------------------------------------------------
a. Description of Ordinary Shares of 10p each
the financial
instrument, type
of instrument ISIN: GB00B040L800
Identification
Code
----------------------------------------- -----------------------------------------------------------
b. Nature of the Subscription for ordinary shares through conditional
transaction placing. Subscription is conditional on passing
of the certain resolutions at the Company's
general meeting to be held on 15 July 2019.
----------------------------------------- -----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
100p 18,000
-------------------------- ---------------------------
d. Aggregated information N/A
- Aggregated
Volume
- Price
----------------------------------------- -----------------------------------------------------------
e. Date of the transaction 27 June 2019
----------------------------------------- -----------------------------------------------------------
f. Place of the AIMX
transaction
----------------------------------------- -----------------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ ------------------------------------------------------------------------------------------------------
a. Name Edward Barker
-----------------------------------------------------------
2 Reason for notification
----------------------------------------- -----------------------------------------------------------
a. Position/Status Non-Executive Director
----------------------------------------- -----------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------------------
a. Name Staffline Group plc
-----------------------------------------
b. LEI 213800BVLF1BCOJUH828
----------------------------------------- -----------------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------ ------------------------------------------------------------------------------------------------------
a. Description of Ordinary Shares of 10p each
the financial
instrument, type
of instrument ISIN: GB00B040L800
Identification
Code
----------------------------------------- -----------------------------------------------------------
b. Nature of the Subscription for ordinary shares through conditional
transaction placing. Subscription is conditional on passing
of the certain resolutions at the Company's
general meeting to be held on 15 July 2019.
----------------------------------------- -----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
100p 10,000
-------------------------- ---------------------------
d. Aggregated information N/A
- Aggregated
Volume
- Price
----------------------------------------- -----------------------------------------------------------
e. Date of the transaction 27 June 2019
----------------------------------------- -----------------------------------------------------------
f. Place of the AIMX
transaction
----------------------------------------- -----------------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ ------------------------------------------------------------------------------------------------------
a. Name Tracy Lewis
-----------------------------------------------------------
2 Reason for notification
----------------------------------------- -----------------------------------------------------------
a. Position/Status Non-Executive Director
----------------------------------------- -----------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------------------
a. Name Staffline Group plc
-----------------------------------------
b. LEI 213800BVLF1BCOJUH828
----------------------------------------- -----------------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------ ------------------------------------------------------------------------------------------------------
a. Description of Ordinary Shares of 10p each
the financial
instrument, type
of instrument ISIN: GB00B040L800
Identification
Code
----------------------------------------- -----------------------------------------------------------
b. Nature of the Subscription for ordinary shares through conditional
transaction placing. Subscription is conditional on passing
of the certain resolutions at the Company's
general meeting to be held on 15 July 2019.
----------------------------------------- -----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
100p 100,000
-------------------------- ---------------------------
d. Aggregated information N/A
- Aggregated
Volume
- Price
----------------------------------------- -----------------------------------------------------------
e. Date of the transaction 27 June 2019
----------------------------------------- -----------------------------------------------------------
f. Place of the AIMX
transaction
----------------------------------------- -----------------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ ----------------------------------------------------------------------------------------
a. Name Mark Underwood
---------------------------------------------
2 Reason for notification
----------------------------------------- ---------------------------------------------
a. Position/Status Managing Director Recruitment division
----------------------------------------- ---------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a. Name Staffline Group plc
-----------------------------------------
b. LEI 213800BVLF1BCOJUH828
----------------------------------------- ---------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------ ----------------------------------------------------------------------------------------
a. Description of Ordinary Shares of 10p each
the financial
instrument, type
of instrument ISIN: GB00B040L800
Identification
Code
----------------------------------------- ---------------------------------------------
b. Nature of the Purchase of Ordinary Shares
transaction
----------------------------------------- ---------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- -------------------
100p 30,000
------------------- --------------------
d. Aggregated information N/A
- Aggregated
Volume
- Price
----------------------------------------- ---------------------------------------------
e. Date of the transaction 27 June 2019
----------------------------------------- ---------------------------------------------
f. Place of the AIMX
transaction
----------------------------------------- ---------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ ------------------------------------------------------------------------------------------------------
a. Name Simon Rouse
-----------------------------------------------------------
2 Reason for notification
----------------------------------------- -----------------------------------------------------------
a. Position/Status Managing Director PeoplePlus division
----------------------------------------- -----------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------------------
a. Name Staffline Group plc
-----------------------------------------
b. LEI 213800BVLF1BCOJUH828
----------------------------------------- -----------------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------ ------------------------------------------------------------------------------------------------------
a. Description of Ordinary Shares of 10p each
the financial
instrument, type
of instrument ISIN: GB00B040L800
Identification
Code
----------------------------------------- -----------------------------------------------------------
b. Nature of the Subscription for ordinary shares through conditional
transaction placing. Subscription is conditional on passing
of the certain resolutions at the Company's
general meeting to be held on 15 July 2019.
----------------------------------------- -----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
100p 28,000
-------------------------- ---------------------------
d. Aggregated information N/A
- Aggregated
Volume
- Price
----------------------------------------- -----------------------------------------------------------
e. Date of the transaction 27 June 2019
----------------------------------------- -----------------------------------------------------------
f. Place of the AIMX
transaction
----------------------------------------- -----------------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ROIFRMATMBATBAL
(END) Dow Jones Newswires
June 27, 2019 11:58 ET (15:58 GMT)
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