TIDMSTAF
RNS Number : 4881Z
Staffline Group PLC
21 May 2021
THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED IN IT, IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR
FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO
OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND,
THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES
AT THE OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMATION,
OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE
OR DISPOSE OF ANY SECURITIES IN STAFFLINE GROUP PLC OR ANY OTHER
ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT
OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN
CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF STAFFLINE
GROUP PLC.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 ("MAR").
21 May 2021
Staffline Group plc
("Staffline", the "Company" or the "Group")
Result of Placing and Subscription
Staffline (AIM: STAF), the recruitment and training group, is
pleased to announce the successful completion of the Placing, which
was oversubscribed, and Subscription announced earlier today by the
Company.
A total of 87,249,500 new ordinary shares of 10 pence each (the
"Placing Shares") have been placed at a price of 50 pence per share
(the "Issue Price") to certain existing shareholders and new
institutional investors.
Concurrently with the Placing, certain Directors and employees
of the Group have agreed to subscribe for 750,500 new ordinary
shares of 10 pence each (the "Subscription Shares") at the Issue
Price.
Together, the Placing Shares and the Subscription Shares
comprise 88,000,000 new ordinary shares of 10 pence each, raising
gross proceeds of GBP44 million for the Company. The Issue Price
represents a discount of approximately 29 per cent. to the closing
share price of 70 pence on 20 May 2021. The Placing Shares and the
Subscription Shares being issued together represent approximately
128 per cent. of the existing issued ordinary share capital of the
Company prior to the Placing and Subscription.
Liberum Capital Limited ("Liberum") acted as Nominated Adviser,
Broker and Sole Bookrunner in connection with the Placing.
Canaccord Genuity acted as financial adviser to the Company.
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.
Albert Ellis, Chief Executive Officer of Staffline,
commented:
"We are delighted to have received such a strong endorsement
from both new and existing investors for this fundraising, which,
coupled with our working capital refinancing will transform our
balance sheet. The level of support for the transaction is
testament to the turnaround, strategic progress and deep
transformation delivered over the last year. This includes exiting
non-core loss-making businesses and contracts as well as reducing
the Group's headcount and infrastructure costs, whilst maintaining
the highest levels of fulfilment for our blue-chip customers. The
divisional leadership team have implemented substantial operational
improvements and we are beginning to realise the benefits of this,
in both the quality of the business we are winning and the talent
we are attracting."
"We continue to see positive momentum in 2021 across the Group
and look forward to further capitalising on our market leading
positions with the strong platform that this refinancing provides
us."
Related Party Transactions
Gresham House Asset Management and Henry Spain Investment
Services are considered to be related parties of the Company (the
"Substantial Shareholders") for the purposes of the AIM Rules by
virtue of their status as substantial shareholders of the
Company.
The Substantial Shareholders have agreed to subscribe for
9,000,000 and 6,000,000 Placing Shares, respectively, as part of
the Placing.
The Directors, having consulted with the Company's Nominated
Adviser, Liberum, consider that the terms of the participations in
the Placing by the Substantial Shareholders are fair and reasonable
insofar as the shareholders of the Company are concerned.
Director participation
The following Directors participated in the Placing or
Subscription:
Director Number of Subscription Number of Total amount
Shares Placing Shares (GBP)
Ian Lawson (Chairman) 100,000 - 50,000
Albert Ellis (CEO) 320,000 - 160,000
Daniel Quint (CFO) 200,000 - 100,000
Catherine Lynch (NED) - 10,000 5,000
Ian Starkey (NED) - 50,000 25,000
----------------------- ----------------------- ---------------- -------------
Total 620,000 60,000 340,000
----------------------- ----------------------- ---------------- -------------
Notice of General Meeting
The Circular containing further details of the Fundraise and
convening the General Meeting and containing the Application Form
for the Open Offer and the Proxy Form for the General Meeting is
expected to be despatched to Shareholders on or around 24 May 2021
and will thereafter be available on the Company's website at
https://www.stafflinegroupplc.co.uk/investor-relations/.
The Placing, Subscription and Open Offer are subject to, inter
alia, the passing of the Resolutions, for which Shareholder
approval will be sought at the General Meeting. It is very
important that Shareholders vote in favour of the Resolutions as in
the event that the Transaction cannot proceed the Group would not
have sufficient liquidity under its Existing Facilities to meet its
forecast funding requirements. In such circumstances the Board
would seek to refinance its Existing Facilities but, based on
current information available, the Board believes that it is
unlikely to be able to do so without an equity raise or some other
form of corporate action which it cannot be certain it would
achieve.
It is proposed that a General Meeting will be held at 11.00 a.m.
on 9 June 2021. In light of the ongoing Covid-19 concerns, the
General Meeting will be held as a closed meeting and accordingly,
save for the minimum number of Director shareholders so as to form
a quorum (2), no Shareholders will be able to physically attend the
General Meeting.
Admission
Application will be made to London Stock Exchange plc for the
Placing Shares, Subscription 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, Subscription Shares and the Open Offer Shares will commence
at 8.00 a.m. on 10 June 2021 (being the business day following the
General Meeting), subject to the Resolutions being passed at the
General Meeting.
Other than where defined, capitalised terms used in this
announcement have the meanings given to them in the 'Proposed
Placing and Subscription to raise GBP44 million, Proposed Open
Offer to raise GBP4.4 million and Proposed Debt Refinancing'
announcement released by the Company on 21 May 2021 (RNS number:
3759Z).
Enquiries:
Staffline Group plc via Vigo Consulting
www.stafflinegroupplc.co.uk
Albert Ellis, Chief Executive Officer
Daniel Quint, Chief Financial Officer
Liberum (Nominated Adviser and Sole Bookrunner)
www.liberum.com
Bidhi Bhoma / Richard Lindley / William
Hall / Christopher Whitaker 020 3100 2222
Canaccord Genuity (Financial Adviser)
www.canaccordgenuity.com
Chris Robinson / Ben Spencer 020 7665 4500
Vigo Consulting ( Financial PR) 020 7390 0230
www.vigocomms.com Staffline@vigoconsulting.com
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 twenty industries, ten branch
locations, fifteen 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.
IMPORTANT NOTICE
Neither this Announcement, nor any copy of it, may be taken or
transmitted, published or distributed, directly or indirectly, in
whole or in part, in or into the United States, Australia, Canada,
Japan, Singapore, New Zealand or the Republic of South Africa or to
any persons in any of those jurisdictions or any other jurisdiction
where to do so would constitute a violation of the relevant
securities laws of such jurisdiction (each, a "Restricted
Jurisdiction"). This Announcement is for information purposes only
and neither it, nor the information contained in it, shall
constitute an offer to sell or issue, or the solicitation of an
offer to buy, acquire or subscribe for any shares in the capital of
the Company in the United States, Australia, Canada, Japan,
Singapore, New Zealand or the Republic of South Africa or any other
state or jurisdiction in which such offer or solicitation is not
authorised or to any person to whom it is unlawful to make such
offer or solicitation. Any failure to comply with these
restrictions may constitute a violation of securities laws of such
jurisdictions.
The Placing Shares have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), or with any securities regulatory authority or under any
securities laws of any state or other jurisdiction of the United
States and may not be offered, sold, resold, pledged, transferred
or delivered, directly or indirectly, in or into the United States
except pursuant to an applicable exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and in compliance with the securities laws of any
state or other jurisdiction of the United States.
This communication is only addressed or distributed to, and
directed at, persons (A) in member states of the European Economic
Area who are "qualified investors" within the meaning of Article
2(e) of the Prospectus Regulation ("Qualified Investors"). For the
purposes of this provision, the expression "Prospectus Regulation"
means Regulation (EU) 2017/1129; (B) in the United Kingdom, this
communication is being distributed only to, and is directed only
at, "qualified investors" (as defined in the UK version of the
Prospectus Regulation, which forms part of UK law by virtue of the
European Union (Withdrawal) Act 2018 (as amended from time to
time)): (i) who have professional experience in matters relating to
investments who fall within the definition of "investment
professional" in Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005, as amended (the
"Order"), or (ii) who are high net worth companies, unincorporated
associations and partnerships and trustees of high value trusts as
described in Article 49(2) of the Order, and (iii) other persons to
whom it may otherwise lawfully be communicated; and (C) in
Singapore who are (i) institutional investors within the meaning of
section 4A of the Securities and Futures Act (Chapter 289) of
Singapore ("SFA"), (ii) relevant persons within the meaning of
275(2) of the SFA or (iii) persons to whom an offer is made
pursuant to Section 275(1A) of the SFA, and in accordance with the
conditions specified in Section 275 of the SFA (all such persons
together being referred to as "relevant persons"). Any investment
or investment activity to which this communication relates is
available only to and will only be engaged in with such persons.
This communication must not be acted on or relied on in any member
state of the European Economic Area, the United Kingdom or
Singapore by persons who are not relevant persons.
No action has been taken by the Company, Liberum or any of their
respective directors, officers, partners, agents, employees,
affiliates, advisors, consultants or, in the case of Liberum,
persons connected with it as defined in the Financial Services and
Markets Act 2000, as amended ("FSMA") (together, "Affiliates") that
would permit an offer of the Placing Shares or possession or
distribution of this Announcement or any other publicity material
relating to such Placing 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.
Persons (including, without limitation, nominees and trustees)
who have a contractual or other legal obligation to forward a copy
of this Announcement should seek appropriate advice before taking
any action.
This Announcement has not been approved by the Financial Conduct
Authority or the London Stock Exchange.
No offering document or prospectus will be made available in
connection with the matters contained or referred to in this
Announcement and no such offering document or prospectus is
required to be published, in accordance with Regulation (EU)
2017/1129 (the "Prospectus Regulation") or Regulation (EU)
2017/1129, as amended and retained in UK law on 31 December 2020 by
the European Union (Withdrawal) Act 2018 (the "EUWA") (the "UK
Prospectus Regulation").
This Announcement is not being distributed by, nor has it been
approved for the purposes of section 21 of FSMA by, a person
authorised under FSMA. This Announcement is being distributed and
communicated to persons in the United Kingdom only in circumstances
in which section 21(1) of FSMA does not require approval of the
communication by an authorised person.
No offering document or any registration statements has been, or
will be, filed with the Monetary Authority of Singapore.
Accordingly, this Announcement and any other document or material
in connection with the offer or sale, or invitation for
subscription or purchase, of Placing Shares may not be circulated
or distributed, nor may the Placing Shares be offered or sold, or
be made the subject of an invitation for subscription or purchase,
whether directly or indirectly, to persons in Singapore other than
(a) institutional investors within the meaning of section 4A of the
SFA, (b) relevant persons within the meaning of 275(2) of the SFA
or (c) persons to whom an offer is made pursuant to Section 275(1A)
of the SFA, and in accordance with the conditions specified in
Section 275 of the SFA. This Announcement has not been reviewed by
the Monetary Authority of Singapore.
This Announcement has been issued by, and is the sole
responsibility of, the Company. No responsibility or liability is
or will be accepted by, and no undertaking, representation or
warranty or other assurance, express or implied, is or will be made
or given by Liberum, or by any of its Affiliates as to, or in
relation to, the accuracy, fairness or completeness of the
information or opinions contained in this Announcement or any other
written or oral information made available to or publicly available
to any interested person or its advisers, and any liability
therefore is expressly disclaimed. The information in this
Announcement is subject to change.
None of the information in this Announcement has been
independently verified or approved by Liberum or any of its
Affiliates. Save for any responsibilities or liabilities, if any,
imposed on Liberum by FSMA or by the regulatory regime established
under it, no responsibility or liability whatsoever whether arising
in tort, contract or otherwise, is accepted by Liberum or any of
its Affiliates whatsoever for the contents of the information
contained in this Announcement (including, but not limited to, any
errors, omissions or inaccuracies in the information or any
opinions) or for any other statement made or purported to be made
by or on behalf of either of Liberum or any of its Affiliates in
connection with the Company, the Placing Shares or the Placing or
for any loss, cost or damage suffered or incurred howsoever
arising, directly or indirectly, from any use of this Announcement
or its contents or otherwise in connection with this Announcement
or from any acts or omissions of the Company in relation to the
Placing. Liberum and its Affiliates accordingly disclaim all and
any responsibility and liability whatsoever, whether arising in
tort, contract or otherwise (save as referred to above) in respect
of any statements or other information contained in this
Announcement and no representation or warranty, express or implied,
is made by Liberum or any of its Affiliates as to the accuracy,
completeness or sufficiency of the information contained in this
Announcement.
Liberum, which is authorised and regulated in the United Kingdom
by the FCA, is acting solely for the Company and no-one else in
connection with the Placing and the transactions and arrangements
described in this Announcement and will not regard any other person
(whether or not a recipient of this Announcement) as a client in
relation to the Placing or the transactions and arrangements
described in this Announcement. Liberum is not responsible to
anyone other than the Company for providing the protections
afforded to clients of Liberum or for providing advice in
connection with the contents of this Announcement, the Placing or
the transactions and arrangements described herein. The
responsibilities of Liberum as the Company's nominated adviser and
broker under the AIM Rules and the AIM Rules for Nominated Advisers
are owed to the London Stock Exchange solely and are not owed to
Staffline Group plc or to any Director, Shareholder or any other
person in respect of such Shareholder's decision to acquire Shares
in reliance on any part of this announcement or otherwise
Certain statements in this Announcement are forward-looking
statements, which include all statements other than statements of
historical fact and which are based on the Company's expectations,
intentions and projections regarding its future performance,
anticipated events or trends and other matters that are not
historical facts. These forward-looking statements, which may use
words such as "aim", "anticipate", "believe", "could", "may",
"intend", "estimate", "expect" and words of similar meaning,
include all matters that are not historical facts. These
forward-looking statements involve risks, assumptions and
uncertainties that could cause the actual results of operations,
financial condition, liquidity and dividend policy and the
development of the industries in which the Company's businesses
operate to differ materially from the impression created by the
forward-looking statements. These statements are not guarantees of
future performance and are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. Given those risks and uncertainties,
prospective investors are cautioned not to place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date of such statements and, except as required by the
FCA, the London Stock Exchange or applicable law, the Company,
Liberum and their respective Affiliates undertakes no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise.
No statement in this Announcement is intended to be a profit
forecast and no statement in this Announcement should be
interpreted to mean that earnings per share of the Company for the
current or future financial years would necessarily match or exceed
the historical published earnings per share of the Company.
This Announcement does not identify or suggest, or purport to
identify or suggest, the risks (direct or indirect) that may be
associated with an investment in the Placing Shares. Any investment
decision to buy Placing Shares in the Placing must be made solely
on the basis of publicly available information, which has not been
independently verified by Liberum. This Announcement is not
intended to provide the basis for any decision in respect of the
Company or other evaluation of any securities of the Company or any
other entity and should not be considered as a recommendation that
any investor should subscribe for, purchase, otherwise acquire,
sell or otherwise dispose of any such securities. Recipients of
this Announcement who are considering acquiring Placing Shares
pursuant to the Placing are reminded that they should conduct their
own investigation, evaluation and analysis of the business, data
and property described in this Announcement. Any indication in this
Announcement of the price at which the Company's shares have been
bought or sold in the past cannot be relied upon as a guide to
future performance. The price and value of securities can go down
as well as up.
The contents of this Announcement are not to be construed as
legal, business, financial or tax advice. Each shareholder or
prospective investor should consult with his or her or its own
legal adviser, business adviser, financial adviser or tax adviser
for legal, financial, business or tax advice.
In connection with the Placing, Liberum and any of its
Affiliates, acting as investors for their own account, may take up
a portion of the Placing Shares in the Placing as a principal
position and in that capacity may retain, purchase, sell, offer to
sell for the own accounts or otherwise deal for their own account
in such Placing Shares and other securities of the Company or
related investments in connection with the Placing or otherwise.
Accordingly, references to Placing Shares being offered, acquired,
placed or otherwise dealt in should be read as including any issue
or offer to, or acquisition, placing or dealing by, Liberum and any
of its Affiliates acting in such capacity. In addition, Liberum and
any of its Affiliates may enter into financing arrangements
(including swaps, warrants or contracts for difference) with
investors in connection with which Liberum and any of its
Affiliates may from time to time acquire, hold or dispose of
shares. Liberum does not intend to disclose the extent of any such
investment or transactions otherwise than in accordance with any
legal or regulatory obligations to do so.
The Placing Shares to be issued pursuant to the Placing will not
be admitted to trading on any stock exchange other than AIM of the
London Stock Exchange.
Neither the content of the Company's website (or any other
website) nor the content of any website accessible from hyperlinks
on the Company's website (or any other website) is incorporated
into, or forms part of, this Announcement.
UK Product Governance Requirements
Solely for the purposes of the product governance requirements
contained within the FCA Handbook Product Intervention and Product
Governance Sourcebook (the "UK Product Governance Rules"), and
disclaiming all and any liability, whether arising in tort,
contract or otherwise, which any 'manufacturer' (for the purposes
of the UK Product Governance Rules) may otherwise have with respect
thereto, the Placing Shares have been subject to a product approval
process, which has determined that the Placing Shares are: (i)
compatible with an end target market of (a) retail clients, as
defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as
it forms part of domestic law by virtue of the EUWA, (b) investors
who meet the criteria of professional clients as defined in
Regulation (EU) No 600/2014 as it forms part of domestic law by
virtue of the EUWA and (c) eligible counterparties as defined in
the FCA Handbook Conduct of Business Sourcebook ("COBS"); and (ii)
eligible for distribution through all distribution channels as are
permitted by Directive 2014/65/EU (the "UK Target Market
Assessment"). Notwithstanding the UK Target Market Assessment,
distributors should note that: the price of the Placing Shares may
decline and investors could lose all or part of their investment;
the Placing Shares offer no guaranteed income and no capital
protection; and an investment in the Placing Shares is compatible
only with investors who do not need a guaranteed income or capital
protection, who (either alone or in conjunction with an appropriate
financial or other adviser) are capable of evaluating the merits
and risks of such an investment and who have sufficient resources
to be able to bear any losses that may result therefrom. The UK
Target Market Assessment is without prejudice to the requirements
of any contractual, legal or regulatory selling restrictions in
relation to the Placing. Furthermore, it is noted that,
notwithstanding the UK Target Market Assessment, Liberum will only
procure investors who meet the criteria of professional clients and
eligible counterparties. For the avoidance of doubt, the UK Target
Market Assessment does not constitute: (a) an assessment of
suitability or appropriateness for the purposes of COBS; or (b) a
recommendation to any investor or group of investors to invest in,
or purchase, or take any other action whatsoever with respect to
the Placing Shares. Each distributor is responsible for undertaking
its own target market assessment in respect of the Placing Shares
and determining appropriate distribution channels.
EU Product Governance Requirements
Solely for the purposes of the product governance requirements
contained within: (a) EU Directive 2014/65/EU on markets in
financial instruments, as amended ("MiFID II"); (b) Articles 9 and
10 of Commission Delegated Directive (EU) 2017/593 supplementing
MiFID II; and (c) local implementing measures (together, the "MiFID
II Product Governance Requirements"), and disclaiming all and any
liability, whether arising in tort, contract or otherwise, which
any 'manufacturer' (for the purposes of the MiFID II Product
Governance Requirements) may otherwise have with respect thereto,
the Shares have been subject to a product approval process, which
has determined that the Shares are: (i) compatible with an end
target market of retail clients and investors who meet the criteria
of professional clients and eligible counterparties, each as
defined in MiFID II; and (ii) eligible for distribution through all
distribution channels as are permitted by MiFID II (the "EU Target
Market Assessment"). Notwithstanding the EU Target Market
Assessment, distributors should note that: the price of the Shares
may decline and investors could lose all or part of their
investment; the Shares offer no guaranteed income and no capital
protection; and an investment in the Shares is compatible only with
investors who do not need a guaranteed income or capital
protection, who (either alone or in conjunction with an appropriate
financial or other adviser) are capable of evaluating the merits
and risks of such an investment and who have sufficient resources
to be able to bear any losses that may result therefrom. The EU
Target Market Assessment is without prejudice to the requirements
of any contractual, legal or regulatory selling restrictions in
relation to the placing. Furthermore, it is noted that,
notwithstanding the EU Target Market Assessment, Liberum will only
procure investors who meet the criteria of professional clients and
eligible counterparties.
For the avoidance of doubt, the EU Target Market Assessment does
not constitute: (a) an assessment of suitability or appropriateness
for the purposes of MiFID II; or (b) a recommendation to any
investor or group of investors to invest in, or purchase or take
any other action whatsoever with respect to the Shares. Each
distributor is responsible for undertaking its own target market
assessment in respect of the Shares and determining appropriate
distribution channels.
Notification under Section 309b(1)(c) of the Securities and
Futures Act (Chapter 289) of Singapore
Unless otherwise stated in herein, all Placing Shares issued or
to be issued shall be prescribed capital markets products (as
defined in the Securities and Futures (Capital Markets Products)
Regulations 2018 of Singapore) and Excluded Investment Products (as
defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment
Products and MAS Notice FAA-N16: Notice on Recommendations on
Investment Products).
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 Ian Lawson
----------------------------------------------------------
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 the
transaction conditional Fundraise. Subscription is conditional
on passing of the certain resolutions at the
Company's general meeting to be held on 9 June
2021.
----------------------------------------- ----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
50p 100,000
-------------------------- --------------------------
d. Aggregated information N/A - Single transaction
- Aggregated
Volume
- Price
----------------------------------------- ----------------------------------------------------------
e. Date of the transaction 21 May 2021
----------------------------------------- ----------------------------------------------------------
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 Albert Ellis
----------------------------------------------------------
2 Reason for notification
----------------------------------------- ----------------------------------------------------------
a. Position/Status 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 the
transaction conditional Fundraise. Subscription is conditional
on passing of the certain resolutions at the
Company's general meeting to be held on 9 June
2021.
----------------------------------------- ----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
50p 320,000
-------------------------- --------------------------
d. Aggregated information N/A - Single transaction
- Aggregated
Volume
- Price
----------------------------------------- ----------------------------------------------------------
e. Date of the transaction 21 May 2021
----------------------------------------- ----------------------------------------------------------
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 Daniel Quint
----------------------------------------------------------
2 Reason for notification
----------------------------------------- ----------------------------------------------------------
a. Position/Status 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 the
transaction conditional Fundraise. Subscription is conditional
on passing of the certain resolutions at the
Company's general meeting to be held on 9 June
2021.
----------------------------------------- ----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
50p 200,000
-------------------------- --------------------------
d. Aggregated information N/A - Single transaction
- Aggregated
Volume
- Price
----------------------------------------- ----------------------------------------------------------
e. Date of the transaction 21 May 2021
----------------------------------------- ----------------------------------------------------------
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 Catherine Lynch
----------------------------------------------------------
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 the
transaction conditional Fundraise. Subscription is conditional
on passing of the certain resolutions at the
Company's general meeting to be held on 9 June
2021.
----------------------------------------- ----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
50p 10,000
-------------------------- --------------------------
d. Aggregated information N/A - Single transaction
- Aggregated
Volume
- Price
----------------------------------------- ----------------------------------------------------------
e. Date of the transaction 21 May 2021
----------------------------------------- ----------------------------------------------------------
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 Ian Starkey
----------------------------------------------------------
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 the
transaction conditional Fundraise. Subscription is conditional
on passing of the certain resolutions at the
Company's general meeting to be held on 9 June
2021.
----------------------------------------- ----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
50p 50,000
-------------------------- --------------------------
d. Aggregated information N/A - Single transaction
- Aggregated
Volume
- Price
----------------------------------------- ----------------------------------------------------------
e. Date of the transaction 21 May 2021
----------------------------------------- ----------------------------------------------------------
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 Hannah Atkinson (PCA of Frank Atkinson)
----------------------------------------------------------
2 Reason for notification
----------------------------------------- ----------------------------------------------------------
a. Position/Status Managing Director: Recruitment GB
----------------------------------------- ----------------------------------------------------------
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 the
transaction conditional Fundraise. Subscription is conditional
on passing of the certain resolutions at the
Company's general meeting to be held on 9 June
2021.
----------------------------------------- ----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
50p 10,000
-------------------------- --------------------------
d. Aggregated information N/A - Single transaction
- Aggregated
Volume
- Price
----------------------------------------- ----------------------------------------------------------
e. Date of the transaction 21 May 2021
----------------------------------------- ----------------------------------------------------------
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 Martina McKenzie
----------------------------------------------------------
2 Reason for notification
----------------------------------------- ----------------------------------------------------------
a. Position/Status Managing Director: Recruitment Ireland
----------------------------------------- ----------------------------------------------------------
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 the
transaction conditional Fundraise. Subscription is conditional
on passing of the certain resolutions at the
Company's general meeting to be held on 9 June
2021.
----------------------------------------- ----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
50p 199,788
-------------------------- --------------------------
d. Aggregated information N/A - Single transaction
- Aggregated
Volume
- Price
----------------------------------------- ----------------------------------------------------------
e. Date of the transaction 21 May 2021
----------------------------------------- ----------------------------------------------------------
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
----------------------------------------- ----------------------------------------------------------
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 the
transaction conditional Fundraise. Subscription is conditional
on passing of the certain resolutions at the
Company's general meeting to be held on 9 June
2021.
----------------------------------------- ----------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- --------------------------
50p 100,000
-------------------------- --------------------------
d. Aggregated information N/A - Single transaction
- Aggregated
Volume
- Price
----------------------------------------- ----------------------------------------------------------
e. Date of the transaction 21 May 2021
----------------------------------------- ----------------------------------------------------------
f. Place of the AIMX
transaction
----------------------------------------- ----------------------------------------------------------
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END
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May 21, 2021 10:21 ET (14:21 GMT)
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