Holdings in Company
3 March 2011
STAFFLINE GROUP PLC
HOLDINGS IN COMPANY
The Company was notified on 2 March 2011 that ISIS Equity Partners LLP has, on behalf of its limited partnership clients, sold 4,174,791 ordinary shares in the Company representing 18.44% of the issued share capital. The shares were placed with a combination of new and existing institutional investors.
ISIS originally invested in 2000 and has supported Staffline in its revenue growth from £37.4 million in 2001 to over £206 million in 2010. ISIS also manages Baronsmead VCT plc and Baronsmead VCT2 plc which together continue to hold 1,917,584 ordinary shares in the Company, representing 8.46% of the issued share capital.
Commenting on the placing, Andy Hogarth, Chairman and Chief Executive, said:
"We are delighted with the strong institutional demand from both new and existing shareholders and look forward to the continued support of ISIS in the future."
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For further information, please contact: |
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Staffline Group plc |
0115 950 0885 |
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Andy Hogarth, Chairman and Chief Executive |
07931 175775 |
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Tim Jackson, Finance Director |
07720 458626 |
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Liberum Capital Limited |
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Chris Bowman / Richard Bootle |
020 3100 2222 |
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Buchanan Communications |
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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.
This information is provided by RNS