Transaction in Own Shares

RNS Number : 7298R

Impellam Group plc

02 March 2023

 

2 March 2023

Impellam Group plc

("Impellam" or the "Company")

Transaction in Own Shares

Impellam Group PLC, the largest staffing business in the UK and 8^th largest MSP worldwide, announces that it has made the following purchases of ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") to be cancelled pursuant to the Share Purchase Plan announced on 8 July 2022.

Date of purchase	1 March 2023
Number of Ordinary Shares purchased (aggregated volume):	6900
Highest Price paid per Ordinary Share (£):	6.85
Lowest Price paid per Ordinary Share (£):	6.85
Volume Weighted Average Price paid per Ordinary Share (£):	6.85
Venue where Ordinary Shares are traded	London Stock Exchange (AIM)

Following cancellation of the Ordinary Shares purchased, the number of Ordinary Shares in issue and admitted to trading on AIM will be reduced to 44,981,479. This figure of 44,981,479 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Share Purchase Plan.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Canaccord Genuity Limited on behalf of Impellam.

Individual transactions:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Trading venue
6900	685.00	15:47:40	London Stock Exchange

Enquiries:

Impellam Group plc Julia Robertson, Chief Executive Officer	01582 692 658
Canaccord Genuity Ltd (Nomad and Sole Broker) Bobbie Hilliam Emma Gabriel Thomas Diehl	020 7523 8150

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 2,900 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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