Transaction in Own Shares

RNS Number : 0593Z

Impellam Group plc

07 January 2020

 

7 January 2020

Impellam Group plc

("Impellam" or the "Company")

Transaction in Own Shares and Total Voting Rights

The Company announces that it has purchased 178,000 of its own ordinary shares of 1p each ("Ordinary Shares") at a price of 360 pence per share for cancellation. The Company purchased these Ordinary Shares through Cenkos Securities plc acting as its broker.

Date of purchase:	7 January 2020
Number of Ordinary Shares purchased (aggregated volume):	178,000
Price paid per Ordinary Share (£):	3.60
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 47,155,660. This figure of 47,155,660 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.

Enquiries:

Impellam Group plc

Julia Robertson, Chief Executive Officer                                                01582 692658

Cenkos Securities plc (Nominated adviser and broker)

Nicholas Wells / Callum Davidson                                                           020 7397 8900

Note to Editors:

Impellam is the second largest¹ staffing company in the UK and sixth largest² Managed Services provider worldwide. Our vision is to be the world's most trusted staffing company - trusted by our people, our customers and our investors in equal measure.

We provide Managed Services and Specialist Staffing solutions across the UK, Europe, US, the Middle East and Australasia. We have over 3,200 Impellam people throughout our network of 17 market-leading brands across 165 worldwide locations.

Ultimately, Impellam Group's mission is to provide fulfilment and a sense of purpose to our people and to help customers build better businesses in a changing world.

For more information about Impellam Group please visit: www.impellam.com 

1   By revenue (2017 published numbers)

2   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 (2017 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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