10 Jul 2023 10:01
10 July 2023
Impellam Group plc
("Impellam" or the "Company")
Share Purchase Plan
The Company announces the continuation of its trading plan (the "Share Purchase Plan") to buy back shares for cancellation to reduce the share capital of the Company. The continuation of the Share Purchase Plan will commence with immediate effect and will, unless terminated at an earlier date, expire on the date of the Company's next Annual General Meeting, when the Company will reconfirm its intentions.
Under the Share Purchase Plan, the Company will instruct its broker, Canaccord Genuity Limited, to acquire ordinary shares of 1 pence each in the Company ("Ordinary Shares"). Purchases of Ordinary Shares under the Share Purchase Plan will be limited to £0.5 million of Ordinary Shares (by market value) per calendar month up to the date of the Company's next Annual General Meeting. The Share Purchase Plan including the maximum number of Ordinary Shares which may be purchased is pursuant to the authorities granted at the Company's Annual General Meeting held on 27 June 2023.
The maximum price paid for such Ordinary Shares shall be an amount equal to the higher of (i) 10 per cent above the average of the middle market quotations for an Ordinary Share 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 for 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) Emma Gabriel Bobbie Hilliam Thomas Diehl |
020 7523 8150 |
Rule 26.1 disclosure
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available on the investor section of the Company's website at https://investors.impellam.com/ by no later than 12 noon (London time) on the business day immediately following the date of this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.
Note to Editors:
Impellam is a connected group providing global workforce and specialist recruitment solutions. Our 2000 people and market leading brands work across a broad spectrum of industries and job categories throughout North America, the UK and Europe and Asia Pac.
Our award-winning Global Managed Services provide a diverse range of digitally enabled, multi-disciplinary workforce solutions to organisations around the world. We are upper quadrant industry leaders in Managed Service Provision and Services Procurement, and the seventh largest Managed Service Provider in the world with over £4bn SUM (Spend under Management).
Our STEM businesses are specialists in recruiting and engaging talent in the key growth markets of technology, digital, data analytics, science, clinical and engineering and work with clients across all sectors and sizes delivering services that span Managed Services (MSP) Recruitment Process Outsourcing (RPO), Statement of Work (SOW) and specialist recruitment.
Our services are underpinned by our proprietary digital solutions that enable us to transform and future-proof the services we provide.
We believe in the power of work. Through the power of work, we build better businesses and help people lead more fulfilling lives.
For more information about Impellam Group please visit: www.impellam.com