TIDMSTAF
RNS Number : 3486B
Staffline Group PLC
09 June 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.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION,
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").
9 June 2021
Staffline Group plc
("Staffline", the "Company" or the "Group")
Result of General Meeting, Total Voting Rights and Proposed
Board Appointment
Staffline, the recruitment and training group, is pleased to
announce that at the General Meeting held earlier today, all
resolutions proposed were duly passed by Shareholders.
The Placing, Subscription and Open Offer remain conditional on
the admission of the 96,837,242 New Ordinary Shares to trading on
AIM having become effective at 8.00 a.m. on 10 June 2021 (or such
later date and/or time as the Company may agree, being no later
than 4.30 p.m. on 17 June 2021). As previously stated, the Debt
Refinancing is conditional on receipt of the proceeds of the
Placing and Subscription.
The Enlarged Share Capital of the Company following Admission
will be 165,767,728 Ordinary Shares in aggregate. Therefore, the
total voting rights in the Company as at 10 June 2021 will be
165,767,728. This figure may be used by Shareholders (and others
with notification obligations) as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
Capitalised terms not otherwise defined in the text of this
announcement have the meanings given in the Company's announcement
of 21 May 2021.
Proposed Board Appointment
The Company also announces the proposed appointment of Thomas
Spain as a Non-Executive Director of the Company, as a
representative of Henry Spain Investment Services Limited, which
will retain its position as one of the largest shareholders in the
Company following completion of the Fundraise. His appointment is
conditional on shareholder approval at the 2021 Annual General
Meeting ("AGM"), which is expected to be held in July 2021, and the
completion of customary Nominated Adviser due diligence checks. A
further announcement will be made as appropriate.
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
Vigo Consulting ( Financial PR) 020 7390 0230
www.vigoconsulting.com staffline@vigoconsulting.com
Jeremy Garcia / Antonia Pollock
Market Abuse Regulation:
For the purposes of MAR, Article 2 of Commission Implementing
Regulation (EU) 2016/1055 and the UK version of such implementing
regulation, the person responsible for arranging for the release of
this Announcement on behalf of the Company is Daniel Quint, Chief
Financial Officer
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.
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END
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June 09, 2021 07:00 ET (11:00 GMT)
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