Impellam Group plc Share Purchase Plan (6125R)
01 July 2020 - 3:08AM
UK Regulatory
TIDMIPEL
RNS Number : 6125R
Impellam Group plc
30 June 2020
30 June 2020
Impellam Group plc
("Impellam" or the "Company")
Share Purchase Plan
The Company announces it has entered into a trading plan (the
"Share Purchase Plan") to buy back shares for cancellation. The
Share Purchase Plan will commence with immediate effect and will,
unless terminated at an earlier date, expire on the publication of
the Company's unaudited interim results for the 26 weeks ended 30
June 2020, currently due to be released on 31 July 2020, when the
Company will reconfirm its intentions.
Under the Share Purchase Plan, the Company will instruct its
broker, Canaccord Genuity Ltd, to acquire ordinary shares of 1p
each in the Company ("Ordinary Shares"). Purchases of Ordinary
Shares under the Share Purchase Plan will be limited to GBP500,000
(by market value) per calendar month and 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 as derived from the London Stock Exchange's Daily
Official List 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 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
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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