Update on Declaration of Dividend in Specie

Impellam Group plc

12 March 2024

 

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THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO ANY PERSON TO SUBSCRIBE FOR OR PURCHASE ANY SECURITY. 

FOR IMMEDIATE RELEASE

12 March 2024

Impellam Group plc ("Impellam" or the "Company")

Update on Declaration of Dividend in Specie

Further to the announcement on 8 February 2024 regarding Impellam's declaration of a special dividend of, in aggregate, £25 million to be settled by way of a dividend in specie of the shares in two newly-incorporated subsidiaries of Impellam (the "ShellCo Dividend"), Impellam is pleased to confirm that payment of the ShellCo Dividend was made yesterday, 11 March 2024.

The ShellCo Dividend was effected through the transfer of new ordinary shares in each of Heather Venture Holdings Ltd. ("Heather" and "Heather Shares") and Tapir Holdings Ltd. ("Tapir" and "Tapir Shares", and, together with Heather, the "ShellCos") to Impellam Shareholders on a pro rata basis.

Impellam Shareholders on the Company's register of members at 5.00 p.m. (London time) on Friday 16 February 2024 (the "Record Date") received one new Heather Share and one new Tapir Share for each Impellam Share they owned on the Record Date.

The ordinary shares in each of the ShellCos were admitted to listing on the Bermuda Stock Exchange with effect from 11 March 2024 with ticker symbols "HVH.BH" for Heather and "TPH.BH" for Tapir.

The CREST accounts of Impellam Shareholders who hold ordinary shares in the Company in uncertificated form in CREST were credited with Depositary Interests representing Heather Shares and Tapir Shares on 11 March 2024. Definitive share certificates in respect of Heather Shares and Tapir Shares are expected to be posted to Impellam Shareholders who hold ordinary shares in the Company in certificated form within 14 days.

Enquiries:

Impellam Group plc
Julia Robertson, Chief Executive Officer		Tel: [phone]
Heather Venture Holdings Ltd.
Abner Peralta, Company Secretary		Email: [e-mail]
Tapir Holdings Ltd.
Abner Peralta, Company Secretary		Email: [e-mail]
Houlihan Lokey UK Limited (Financial Adviser to Impellam)
Thomas Bailey Tim Richardson		Tel: [phone] Tel: [phone]
Canaccord Genuity Limited (Nominated Adviser & Sole Broker to Impellam)
Bobbie Hilliam		Tel: [phone]
Emma Gabriel

Important notices:

The release, distribution or publication of this announcement in jurisdictions other than the United Kingdom may be restricted by the laws of the relevant jurisdictions and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. The information disclosed in this announcement may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the United Kingdom. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

Notices related to financial advisers:

Houlihan Lokey UK Limited ("Houlihan Lokey"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as financial adviser to Impellam and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Impellam for providing the protections afforded to clients of Houlihan Lokey or for providing advice in relation to contents of this announcement or any other matters referred to in this announcement. Neither Houlihan Lokey nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Houlihan Lokey in connection with this announcement, any statement contained herein or otherwise.

Canaccord Genuity Limited ("Canaccord Genuity"), which is authorised and regulated in the United Kingdom by the FCA, is acting as nominated adviser and corporate broker exclusively for Impellam and for no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters referred to in this announcement and will not be responsible to anyone other than Impellam for providing the protections afforded to clients of Canaccord Genuity, nor for providing advice in relation to the contents of this announcement or any other matter referred to in this announcement.

Rule 26.1 disclosure:

In accordance with Rule 26.1 of the Code, a copy of this announcement will be available on the Company's website at https://investors.impellam.com/offer-for-impellam-group-plc/ by no later than 12 noon (London time) on the Business Day following the date of this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

 

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