18 Mar 2020 17:34
18 March 2020
Impellam Group plc
("Impellam" or the "Company")
Transaction in Own Shares
Impellam Group PLC, the 2nd largest staffing business in the UK and 6th largest MSP worldwide, announces that it has made the following purchases of ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") to be cancelled pursuant to the Share Purchase Plan announced on 22 August 2018.
Date of purchase | 18 March 2020 |
Number of Ordinary Shares purchased (aggregated volume): | 11,100 |
Highest Price paid per Ordinary Share (£): | 2.94 |
Lowest Price paid per Ordinary Share (£): | 2.94 |
Volume Weighted Average Price paid per Ordinary Share (£): | 2.94 |
Venue where Ordinary Shares are traded | London Stock Exchange (AIM) |
Following cancellation of the Ordinary Shares purchased, the number of Ordinary Shares in issue and admitted to trading on AIM will be reduced to 46,490,082. This figure of 46,490,082Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The Company will make further announcements in due course following the completion of any further purchases pursuant to the Share Purchase Plan.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Canaccord Genuity Limited on behalf of Impellam as part of the Share Purchase Plan.
Individual transactions:
Number of shares purchased | Transaction price (pence per share) | Time of transaction | Trading venue |
11,100 | 294 | 14:37:47 | London Stock Exchange |
Enquiries:
Impellam Group plc Julia Robertson, Chief Executive Officer |
01582 692 658 |
Canaccord Genuity Ltd (Nomad and Sole Broker) Bobbie Hilliam Georgina McCooke |
020 7523 8150 |
Note to Editors:
Impellam is the second largest1 staffing company in the UK and sixth largest2 Managed Services provider worldwide. Our vision is to be the world's most trusted staffing company - trusted by our people, our customers and our investors in equal measure.
We provide Managed Services and Specialist Staffing solutions across the UK, Europe, US, the Middle East and Australasia. We have over 3,200 Impellam people throughout our network of 17 market-leading brands across 165 worldwide locations.
Ultimately, Impellam Group's mission is to provide fulfilment and a sense of purpose to our people and to help customers build better businesses in a changing world.
For more information about Impellam Group please visit: www.impellam.com
1 By revenue (2017 published numbers)
2 By SUM (confirmed by Staffing Industry Analysts. Spend Under Management (SUM) is the total amount of client expenditure which our Managed Services brands manage on behalf of their clients. This equates to revenue earned where Impellam acts as principal plus gross billings to customers where Impellam acts as agent (2017 published numbers). Management use this measure as it reflects the total value of the client spend to the Group and not just the revenue generated