Share Purchase Plan

RNS Number : 8816R

Impellam Group plc

08 July 2022

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

8^th July 2022

Impellam Group plc

("Impellam" or the "Company")

Share Purchase Plan

The Company announces the continuation of its trading plan (the "Share Purchase Plan") to buy back shares for cancellation. The continuation of the Share Purchase Plan will commence with immediate effect and will, unless terminated at an earlier date, expire on the date of the Company's next Annual General Meeting, when the Company will reconfirm its intentions.

Under the Share Purchase Plan, the Company will instruct its broker, Canaccord Genuity Limited, to acquire ordinary shares of 1 pence each in the Company ("Ordinary Shares"). Purchases of Ordinary Shares under the Share Purchase Plan will be limited to £0.5 million of Ordinary Shares (by market value) per calendar month up to the date of the Company's next Annual General Meeting, currently due to be held on 28 June 2023.

The maximum price paid for such Ordinary Shares shall be an amount equal to the higher of (i) 10% above the average of the middle market quotations for the Ordinary Shares as derived from the London Stock Exchange's Daily Official List for the five business days prior to making any purchase; and (ii) the higher of the price of the last independent trade of and the highest current independent bid for an Ordinary Share on the London Stock Exchange's AIM market. 

Notwithstanding the average daily volume restrictions set out in Article 3(3) (b) of the Commission Delegated Regulation (EU) 2016/1052, the Company may make purchases in excess of these volume restrictions, subject to prevailing market conditions and liquidity.

Enquiries:

Impellam Group plc Julia Robertson, Chief Executive Officer	01582 692 658
Canaccord Genuity Ltd (Nomad and Sole Broker) Andrew Potts Bobbie Hilliam Georgina McCooke	020 7523 8150

Rule 26.1 disclosure

In accordance with Rule 26.1 of the Code, a copy of this announcement will be available on the investor section of the Company's website at https://investors.impellam.com/ by no later than 12 noon (London time) on the business day immediately following the date of this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

Note to Editors:

Our Managed Services businesses are enabled by talent-focused Specialist Staffing brands with deep heritages, vertical sector expertise and loyal candidate networks. Clients across the world trust us to deliver Managed Services and Specialist Staffing in the UK, North America, Asia Pacific and Europe.

Working with them are 3,000 Impellam people, bringing a wealth of expertise through our 13 market-leading brands across 70 locations. Every year, we connect carefully chosen candidates with good work at all levels. They include technology and digital specialists, scientists, clinical experts, engineers, nurses, doctors, lawyers, teachers, receptionists, drivers, chefs, administrators, warehouse and call centre operatives.

Underpinning everything we do is our Virtuoso strategy which recognises it is our people who make the difference. Virtuosos make and deliver on promises, and grow with their customers through sector, service or international expansion which ensures there is never a need for a customer or candidate to leave Impellam. Impellam is the largest Global Talent Acquisition and Managed Workforce Solutions provider in the UK, and 8th¹ in the world.

For more information about Impellam Group please visit:  www.impellam.com

1 By SUM (confirmed by Staffing Industry Analysts).  Spend Under Management (SUM) is the total amount of client expenditure which our Managed Services brands manage on behalf of their clients. This equates to revenue earned where Impellam acts as principal plus gross billings to customers where Impellam acts as agent (2020 published numbers). Management use this measure as it reflects the total value of the client spend to the Group and not just the revenue generated

 

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