Capital Reorganisation

RNS Number : 4341L

Impellam Group plc

04 September 2012

 



 

CAPITAL REORGANISATION

Impellam Group plc (London AIM: IPEL - 4^th September 2012)

Following the General Meeting held on 3^rd September 2012, at which shareholders passed the necessary resolutions, the Company announces that the Capital Reorganisation (comprising the consolidation and subdivision of the Company's share capital) has been completed.

On the Consolidation Record Date, the Company's issued share capital consisted of 44,126,189 Ordinary Shares. The Consolidation resulted in 440,649 A Ordinary Shares being created. The total number of fractions of A Ordinary Shares that resulted from the Consolidation was some 612 (representing 61,289 Ordinary Shares). These fractions were all purchased by Cenkos Securities plc, under the terms of the Share Purchase Contract, and were all then subsequently acquired by the Company to be cancelled. The A Ordinary Shares have now been subdivided into 44,064,900 New Ordinary Shares.

The total number of New Ordinary Sharesnow in issue with voting rights in the Company is 44,064,900 New Ordinary Shares. These shares have been admitted to trading on AIM. This figure may be used by shareholders 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 FSA's Disclosure and Transparency Rules.

The closing middle market price of the Company's shares on the AIM Market of the London Stock Exchange on 3^rd September 2012 was 345 pence per share. Accordingly, each shareholder holding fewer than 100 Ordinary Shares as of that date together with those fractions for shareholders holding more than 100 Ordinary Shares will be remitted 345 pence per share. Payments due to shareholders will be despatched on or around 13^th September 2012. The aggregate consideration payable to shareholders in respect of the Capital Reorganisation will amount to approximately £0.2 million. 

From today, being the date of the listing of the New Ordinary Shares on AIM, existing Ordinary Shares certificates will no longer be valid. New Ordinary Share certificates will be dispatched on or around 13^th September 2012.

*   All principle terms used in this announcement are as those set out in the Notice of General Meeting

dated 17^th August 2012.

Enquiries:  For further information please contact the appropriate individual below.

Impellam Group plc
Cheryl Jones, Chairman Andrew Burchall, Group Finance Director	Tel: [phone]         Tel: [phone]
Cenkos Securities plc (Nominated Advisor and Broker to Impellam)
Nicholas Wells	Tel: [phone]
Threadneedle Communications
John Coles	Tel: [phone]

Note to Editors:

Impellam Group plc conducts business primarily in the UK and North America, with smaller operations in Australia, Ireland, New Zealand and mainland Europe. The Group employs nearly 6,000 people, including 2,200 managers and consultants and more than 3,500 support services workers, across a network of 230 branch and regional offices. The Group operates more than 15 specialty brands across a broad range of staffing sectors which are complemented by businesses in the outsourced support services sector. Impellam Group is ranked 19th on the Staffing Industry Analysts' 2012 Top Global Staffing Companies List.

-ENDS-

 

END

 

 

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