EBT Share Purchase

RNS Number : 3273C

Staffline Group PLC

10 October 2022

 

10 October 2022

Staffline Group plc

("Staffline", the "Company" or the "Group")

EBT Share Purchase

The Company was notified by the trustees of The Staffline Group plc Employee Benefit Trust (the "EBT") that the EBT purchased 1,000,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") on 7 October 2022 at an average price of 37.95 pence per share.

Shares held in the EBT are intended to be used to satisfy awards made under the Staffline employee share schemes. The EBT is a discretionary trust for the benefit of employees of Staffline Group plc and its subsidiaries. The purchase of Ordinary Shares by the EBT has been funded by a loan provided by the Company from its existing cash resources.

Following this transaction, a total of 2,014,511 ordinary shares, representing 1.22 per cent of the Company's total voting rights, are held in the EBT.

For further information, please contact:

Staffline Group plc www.stafflinegroupplc.co.uk Albert Ellis, Chief Executive Officer Daniel Quint, Chief Financial Officer	via Vigo Consulting
Liberum  (Nominated Adviser and Broker) www.liberum.com Richard Lindley / William Hall	020 3100 2222
Vigo Consulting ( Financial PR) www.vigoconsulting.com Jeremy Garcia / Kate Kilgallen	020 7390 0230 [e-mail]

About Staffline 

Providing workforce solutions

Staffline is the UK's market leading Recruitment and Training group. It has three divisions:

Recruitment GB

Staffline is a leading provider of flexible blue-collar workers, supplying c.33,000 staff per day on average from around 400 client sites, across a wide range of industries including agriculture, supermarkets, drinks, driving, food processing, logistics and manufacturing.

Recruitment Ireland

The Recruitment Ireland business is a leading end to end solutions provider operating across twenty industries, ten branch locations and ten onsite customer locations, supplying c.4,500 staff per day on average, and offering RPO, MSP, temporary and permanent solutions across the island of Ireland.

PeoplePlus Division

PeoplePlus is leading skills and employability business with a clear purpose to help people transform their lives, get jobs and keep jobs, and develop their careers. The division works with employers to develop workforces of the future, and with central, local and devolved governments to support their economic and social policy agendas.

 

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