Frk Us Inc Etf Regulatory News (INCE)

5 Jan 2007 07:53

Work Group plc05 January 2007 5 January 2007 Work Group plc ("Work" or the "Group") Pre-close Trading Update and announcement of Maiden Dividend Work, the AIM-listed recruitment services group, announces a trading updatebefore entering its close period ahead of the release on 6 March 2007 of itspreliminary results for the year ended 31 December 2006: Trading throughout 2006 was strong and we expect our full year results to becomfortably in line with expectations. As a result of the strong trading performance and sound cash position, the Boardannounces its intention to declare a maiden dividend for the full year of 0.4pper share at the time of the preliminary results. Simon Howard, Chairman, comments: "Work Group has delivered in 2006 and we areoptimistic for our prospects in 2007. The decision to declare a maiden dividendis just one indication of our confidence in the performance of the company andreflects our determination to deliver value to shareholders. "As a result of a number of significant client wins in the course of 2006,together with continued commitments from existing clients, we are optimisticthat 2007 will again deliver strong organic growth. We remain committed to ourbuy and build strategy, and are constantly reviewing and in dialogue with arange of prospects. However, we will only make acquisitions which will beearnings accretive and will enhance the Group's service offering. "We are determined to position Work Group as a solid investment which willdeliver consistent growth and returns for shareholders." Further enquiries: Work Group Tel: +44 (0)20 7492 0000 Simon Howard Michael Warren Fishburn Hedges Tel: +44 (0)20 7839 4321 Mark Tierney Andy Berry Michelle James Altium Tel: +44 (0)20 7484 4040 Garry Levin Tim Richardson About Work Group Work Group offers a range of bespoke resourcing solutions aiming to enableemployers to recruit and retain staff more effectively, thereby reducing theirtraditional reliance on third parties such as head-hunters and recruitmentfirms. Central to Work Group's approach is the concept of 'direct resourcing' -the establishment and maintenance of a direct relationship between employer andprospective employee. Direct resourcing provides an efficient and cost effectivealternative to traditional third party based recruitment strategies and is agrowing trend among UK employers. This information is provided by RNS The company news service from the London Stock Exchange