Completion of Acquisition and Directorate Change

RNS Number : 6051W

Impellam Group plc

10 November 2014

 



10 November 2014

Impellam Group plc

("Impellam" or the "Company")

Completion of Acquisition and Directorate Change

Further to the Company's announcements on 3 November 2014, Impellam is pleased to confirm that the acquisition of Lorien Limited has now completed. The acquisition was part funded by an oversubscribed equity placing to raise £15 million.

Impellam also announces that Eileen Kelliher, Non-Executive Director, has decided to step down from the board with immediate effect to pursue other business interests.

Julia Robertson, Chief Executive, said:

 "We would like to thank Eileen for her significant contribution to the Company over the past two and a half years and we wish her all the best in her future endeavours."

For further information please contact:

Impellam Group plc
Julia Robertson, Chief Executive Sheryl Tye, Interim Group Finance Director	Tel: [phone] Tel: [phone]
Cenkos Securities plc (Nominated Advisor and Broker to Impellam)
Nicholas Wells	Tel: [phone]

Note to Editors:

Impellam Group plc, traded on the AIM (Symbol: IPEL) is a leading provider of managed services and specialist staffing expertise and is primarily based in the UK and North America, with smaller operations in Australasia, Ireland and mainland Europe. Impellam Group plc provides fulfilling jobs at all levels, including doctors, lawyers, accountants, nurses, teachers, scientists, receptionists, drivers, chefs, administrators, engineers, cleaners, security guards, and manufacturing and warehouse operatives. Impellam Group plc has 15 market leading brands and employs around 6,000 employees including approximately 2,600 managers and consultants across 230 offices.

 

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