Impellam Group plc Transaction in Own Shares (5900Y)
22 August 2018 - 9:51PM
UK Regulatory
TIDMIPEL
RNS Number : 5900Y
Impellam Group plc
22 August 2018
22 August 2018
Impellam Group plc
("Impellam" or the "Company")
Transaction in Own Shares and Total Voting Rights
Further to its announcement on 26 July 2018 regarding a proposed
share buy-back programme of up to GBP12 million over twelve months
(the Share Purchase Plan"), the Company announces that it has
purchased 32,500 ordinary shares of 1p each ("Ordinary Shares"), at
a price of 610 pence per share for cancellation. The Company
purchased these Ordinary Shares through Cenkos Securities plc
acting as its broker.
Date of purchase: 22 August 2018
Number of Ordinary Shares purchased (aggregated
volume): 32,500
Price paid per Ordinary Share (pence): 610
Venue where Ordinary Shares are traded London Stock Exchange
(AIM)
Following cancellation of the Ordinary Shares purchased on 22
August 2018, the number of Ordinary Shares admitted to trading on
AIM will be reduced to 50,217,421. For the purposes of the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules, following this cancellation, the Company will have
50,217,421 Ordinary Shares in issue, of which none will be held in
treasury. Therefore, the total number of voting rights in the
Company will be 50,217,421; this figure may be used by shareholders
as the denominator for the calculation by which they will determine
if they are required to notify their interest in, or a change of
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Under the Share Purchase Plan, the Company will continue to
instruct Cenkos Securities plc to acquire Ordinary Shares for
cancellation. The maximum price paid for such Ordinary Shares shall
be an amount equal to the higher of (i) 5% above the average of the
middle market quotations for the Ordinary Shares for the five
business days prior to making any purchase; and (ii) the higher of
the price of the last independent trade of and the highest current
independent bid for an Ordinary Share on the London Stock
Exchange's AIM market.
Notwithstanding the average daily volume restrictions set out in
Article 3(3) (b) of the Commission Delegated Regulation (EU)
2016/1052, the Company may make purchases in excess of these volume
restrictions, subject to prevailing market conditions and
liquidity.
Enquiries:
Impellam Group plc
Julia Robertson, Chief Executive Officer 01582 692658
Alison Wilford, Chief Financial Officer
Cenkos Securities plc (Nomad and Corporate broker)
Nicholas Wells / Mark Connelly 020 7397 8900
Note to Editors:
Impellam is the second largest(1) staffing business 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 18
market-leading brands across 168 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 (2016 published numbers)
2 By SUM (confirmed by Staffing Industry Analysts). Spend Under
Management (SUM) is the total amount of client expenditure which
our Managed Service brands manage on behalf of their clients
whether acting as a principal or agent. Management use this measure
as it reflects the total value of the client spend to the Group and
not just the revenue generated.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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