Transaction in Own Shares

RNS Number : 7374P

Impellam Group plc

12 June 2020

 

12 June 2020

Impellam Group plc

("Impellam" or the "Company")

Transaction in Own Shares

Impellam Group PLC, the 2^nd largest staffing business in the UK and 6^th largest MSP worldwide, announces that it has made the following purchases of ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") to be cancelled.

Date of purchase	11 June 2020
Number of Ordinary Shares purchased (aggregated volume):	107,500
Highest Price paid per Ordinary Share (£):	2.32
Lowest Price paid per Ordinary Share (£):	2.32
Volume Weighted Average Price paid per Ordinary Share (£):	2.32
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 46,251,282. This figure of 46,251,282 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.

The Company will make further announcements in due course following the completion of any further purchases.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Canaccord Genuity Limited on behalf of Impellam.

Individual transactions:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Trading venue
107,500	232	14:09:47	London Stock Exchange

Enquiries:

Impellam Group plc Julia Robertson, Chief Executive Officer	01582 692 658
Canaccord Genuity Ltd (Nomad and Sole Broker) Bobbie Hilliam Georgina McCooke	020 7523 8150

Note to Editors:

Impellam is the second largest ¹  staffing company in the UK and sixth largest ²  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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