Staffline Group PLC - Nottingham, England-based recruitment and training firm - Says it intends to make a series of share repurchases of up to 3.9 million shares in the company, following a previous buyback of GBP4.0 million in August. Maintains that the firm is still "disciplined" in its allocation of capital, with its main goal still to enhance shareholder value. Adds that Staffline continuously assesses its medium-term plans, which take account of growth prospects, investment in the Republic of Ireland network, cash generation, net borrowings, and leverage, meaning the amount allocated to buybacks is based on predicted trading cash flows and financing headroom.
Current stock price: 27.12 pence, up 4.3% on Wednesday
12-month change: down 28%
By Holly Beveridge, Alliance News reporter
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Staffline (STAF)