Directors' Dealings

RNS Number : 0549H

Staffline Group PLC

23 May 2011

 



For immediate release                                                                                                                                                      23 May 2011

STAFFLINE GROUP PLC

("Staffline" or "the Company")

DIRECTORS' DEALINGS

Staffline announces that it has been notified today that Andy Hogarth, Chief Executive, and Marshall Evans, Executive Director, entered into transactions for the sale of shares in the Company on 20 May 2011 in response to institutional demand.

Andy Hogarth has sold 1,000,000 ordinary shares in the Company at an average price of £2.455, representing 32.6 per cent. of Andy Hogarth's total interest in the Company. Following the sale he will continue to be a significant shareholder in the Company, holding 9.1 per cent. of the issued share capital, and has committed to not sell any further shares for a period of 12 months.

Marshall Evans has sold 300,000 ordinary shares in the Company at an average price of £2.455, representing 20.7 per cent. of Marshall Evans' total interest in the Company. Following the sale he will continue to be a significant shareholder in the Company, holding 5.1 per cent. of the issued share capital and has also committed to not  sell any further shares for a period of 12 months.

The shares sold have been placed with institutional investors procured by Liberum Capital Limited, the Company's Nomad and Broker.

For further information, please contact:
Staffline Group plc	0115 950 0885
Andy Hogarth, Chairman and Chief Executive	07931 175775
Tim Jackson, Finance Director	07720 458626
www.staffline.co.uk
Liberum Capital Limited
Chris Bowman / Richard Bootle	020 3100 2222
Buchanan Communications
Jeremy Garcia / James Strong / Gabriella Clinkard	020 7466 5000

About Staffline

Staffline Group plc is a recruitment organisation specializing in food processing, manufacturing, e-retail and logistics.  Staffline provides and manages industrial workforces and uses training and business improvement techniques to ensure increased levels of efficiency to give their clients a significant commercial advantage.  Operating from over 150 locations in the UK, Staffline supply up to 20,000 blue collar workers each day.  Brands include Staffline Express, the High Street branch operation, OnSite based on clients' premises, Peter Rowley a national training and consultancy organisation and OSP a specialist volume recruitment call centre.

 

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