Staffline Group PLC Completion of Debt Refinancing (5396B)
June 10 2021 - 10:26AM
UK Regulatory
TIDMSTAF
RNS Number : 5396B
Staffline Group PLC
10 June 2021
10 June 2021
Staffline Group plc
("Staffline", the "Company" or the "Group")
Completion of Debt Refinancing
Staffline, the recruitment and training group, is pleased to
confirm that following receipt of the proceeds of the Fundraise,
the Debt Refinancing has completed. The new GBP90m receivables
finance facility, plus GBP15m accordion option is being provided by
RBS Invoice Finance Limited, ABN AMRO Asset Based Finance N.V., UK
Branch and Leumi ABL Limited.
Capitalised terms not otherwise defined in the text of this
announcement have the meanings given in the Company's announcement
of 21 May 2021 .
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 Broker)
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 10, 2021 10:26 ET (14:26 GMT)
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