Nakama Group PLC - recruitment services provider becoming cash shell - Shareholders at general meeting on Tuesday approve sale of company's four operating businesses to Sanderson Group. This is expected to close on Monday next week, at which point Nakama will become an AIM cash shell and change its name to Ridgecrest PLC. Nakama Chief Executive Robert Thesiger will join Sanderson Group on a consultancy basis but remain a director of the new Ridgecrest and become its chair. Tim Sheffield, the current chair of Nakama, also will remain as a non-executive director, but Michael Clelland will resign as non-executive director.
Current stock price: 1.02 pence, down 17% Tuesday
Year-to-date change: up 19%
By Tom Waite; thomaslwaite@alliancenews.com
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