Secondary Trading following Cancellation

RNS Number : 3022Z

Prime People PLC

24 January 2022

 

24 January 2022

Prime People Plc

("Prime People" or the "Group")

Secondary Trading following Cancellation

Prime People plc, the global group of specialist recruitment businesses operating in depth, across the Real Estate & Built Environment sectors, announces details of the secondary market trading facility that will be in place following the cancellation of the admission to trading on AIM of its Ordinary Shares with effect from 8.00am on 25 January 2022 ("Cancellation").

As detailed in the circular published by the Company on 17 December 2021, following the Cancellation, the Company has appointed Asset Match ( www.assetmatch.com ) to facilitate trading in the Company's Ordinary Shares. Asset Match, a firm authorised and regulated by the Financial Conduct Authority, will operate an electronic off-market dealing facility for the Ordinary Shares. This facility will allow existing shareholders of the Company ("Shareholders") and new investors to trade Ordinary Shares by matching buyers and sellers through periodic auctions. Investors can register their interest for further information on the Asset Match auction process by emailing  [e-mail] .

The Asset Match trading facility operates under its own code of practice which governs the behaviour of participants and the running of the periodic auctions. Asset Match operates an open auction system where volumes of bids and offers at different prices are displayed on its website together with the closing date of the auction. At the end of each auction period Asset Match pass this information through a non-discretionary algorithm that determines a "market-derived" share price based on supply and demand and allocates transactions accordingly. Bids and offers may be made and withdrawn at any time before the closing date of each auction.

Shareholders will continue to be able to hold their shares in uncertificated form (i.e. in CREST) and should check with their existing stockbroker whether they are willing or able to trade in unquoted shares. Shareholders wishing to trade shares through Asset Match must do so through a stockbroker. A comprehensive list of stockbrokers who have signed up to access the Asset Match platform is available on request.

Full d etails will be made available to Shareholders on the Company's website at http://www.prime-people.co.uk/ and directly by letter or e-mail (where appropriate). Shareholders may contact Asset Match in relation to any queries regarding trading via the secondary market trading facility by emailing [e-mail] .

For further information please contact:

Prime People	020 7318 1785
Robert Macdonald, Executive Chairman Peter Moore, Managing Director
Cenkos Securities	020 7397 8900
Katy Birkin Nicholas Wells
Asset Match Limited
Ben Weaver	020 7248 2788

 

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