Staffline Group PLC Posting of Circular (6355Z)

TIDMSTAF

RNS Number : 6355Z

Staffline Group PLC

24 May 2021

Staffline Group plc

("Staffline", the "Company" or the "Group")

Posting of Circular

Staffline (AIM: STAF), the recruitment and training group, is pleased to announce that it is today posting the Circular to Shareholders convening the General Meeting in respect of the Placing, Subscription and Open Offer announced on 21 May 2021.

The Circular contains details of the Open Offer which provides Qualifying Shareholders with the opportunity to subscribe for Open Offer Shares on the basis of 10 Open Offer Shares for every 78 Ordinary Shares held on the Record Date, at the Issue Price.

The Circular is also available on the Company's website: https://www.stafflinegroupplc.co.uk/investor-relations/circulars/ .

The 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 (which is two), no Shareholders will be able to physically attend 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 up to GBP4.4 million and Proposed Debt Refinancing' announcement released by the Company on 21 May 2021 (RNS number: 3759Z).

For further information, please contact:

 
 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 
 
 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.

Expected Timetable of Principal Events

 
Record Date for entitlements under                   6.00 p.m. on   19 May 2021 
 the Open Offer 
Announcement of the proposed Fundraise                  7.00 a.m.   21 May 2021 
Ex-entitlement Date of the Open Offer                   8.00 a.m.   21 May 2021 
Announcement of the result of the                                   21 May 2021 
 Placing and Subscription 
Publication of the Circular (including                              24 May 2021 
 Notice of General Meeting), Application 
 Forms and Forms of Proxy 
Open Offer Entitlements and Excess           As soon as practical   24 May 2021 
 Entitlements credited to stock accounts          after 8.00 a.m. 
 of Qualifying CREST Shareholders in 
 CREST 
Latest time and date for requesting                     4.30 p.m.   1 June 2021 
 withdrawal of Open Offer Entitlements 
 and Excess Entitlements from CREST 
Latest time and date for depositing                     3.00 p.m.   2 June 2021 
 Open Offer Entitlements and Excess 
 Entitlements into CREST 
Latest time and date for splitting                      3.00 p.m.   3 June 2021 
 Application Forms (to satisfy bona 
 fide market claims only) 
Latest time and date for receipt of                    11.00 a.m.   7 June 2021 
 Forms of Proxy 
Latest time and date for receipt of                    11.00 a.m.   7 June 2021 
 completed Application Forms and payment 
 in full under the Open Offer or settlement 
 of relevant CREST instructions (as 
 appropriate) 
General Meeting                                        11.00 a.m.   9 June 2021 
Announcement of the results of the                                  9 June 2021 
 General Meeting and Open Offer 
Admission and commencement of dealings                  8.00 a.m.  10 June 2021 
 in Placing Shares, Subscription Shares 
 and Open Offer Shares 
Expected despatch of definitive share                 Within 5 business days of 
 certificates for the New Ordinary                                    Admission 
 Shares in certificated form

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