Prime People PLC
16 June 2005
Prime People Plc (the 'Company')
The strategy of the business as set out in the 2004 Annual Report despatched to
shareholders in March 2005, is to broaden the business base of the company
through acquisition in the short to medium term. The objective of this strategy
is to create shareholder value as measured by growth in earnings per share and
cashflow.
Following the appointment of Simon Murphy as chief executive in May 2005, the
directors have undertaken an initial strategic review. As a result of this
review, the Company intends focussing upon the industrial and business services
sectors and identifying opportunities in the valuation range of £1m to £20m
which require subsequent investment to enable them to continue to realise their
potential over the longer term. Investment may be in support of, for example,
geographic or product expansion or the introduction of value added services.
Preferred criteria will be that the businesses are headquartered in the UK, are
profitable and cash generative on an ongoing basis and are capable of being
operated on a standalone basis with operational management who will transition
with the business.
The interim results for the Company for the six months ending 30 June 2005 will
be released in August.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.