7 Nov 2014 07:00
7 November 2014
Impellam Group plc
("Impellam" or the "Company")
Holding in Company
Further to the Company's announcements on 4 November 2014 concerning the acquisition of Lorien Limited and the placing by the Company to raise £15m, Impellam has today been informed that Lombard Trust, a substantial shareholder in Impellam, will be interested in 52.7 per cent. of the Company's enlarged issued share capital, being 48,811,541 ordinary shares of 1p each ("Enlarged Share Capital"), as from 10 November 2014 following the dilutive events of the placing and acquisition. Lombard's interest in the number of ordinary shares in the Company remains unchanged at 25,745,300.
Lord Ashcroft KCMG PC, who subscribed for 1,086,955 ordinary shares in the placing, representing approximately 2.2 per cent of the Enlarged Share Capital, has confirmed to the Company that, in relation to Rule 9 of the City Code on Takeovers and Mergers, he deems himself to be acting in Concert with Lombard Trust.
For further information please contact:
Impellam Group plc |
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Julia Robertson, Chief Executive Sheryl Tye, Interim Group Finance Director | Tel: 01582 692658 Tel: 01582 692658 |
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Cenkos Securities plc (Nominated Advisor and Broker to Impellam) |
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Nicholas Wells | Tel: 020 7397 8900 |
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Note to Editors:
Impellam Group plc, traded on the AIM (Symbol: IPEL) is a leading provider of managed services and specialist staffing expertise and is primarily based in the UK and North America, with smaller operations in Australasia, Ireland and mainland Europe. Impellam Group plc provides fulfilling jobs at all levels, including doctors, lawyers, accountants, nurses, teachers, scientists, receptionists, drivers, chefs, administrators, engineers, cleaners, security guards, and manufacturing and warehouse operatives. Impellam Group plc has 15 market leading brands and employs around 6,000 employees including approximately 2,600 managers and consultants across 230 offices.