Staffline Regulatory News (STAF)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION ("MAR"). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

15 July 2019

Staffline Group plc

("Staffline", the "Company" or the "Group")

Result of Open Offer

Staffline, the Recruitment and Training group, is pleased to announce that further to the announcement of the Open Offer on 27 June 2019, it has conditionally raised total gross proceeds of £6,986,097 via the Open Offer.

The Open Offer closed for receipt of applications at 11.00 a.m. on 12 July 2019. The Company received valid applications from Qualifying Shareholders in respect of 12,820,866 Open Offer Shares, including applications under the Excess Application Facility. This represents approximately 184 per cent. of the maximum of 6,986,097 Open Offer Shares available under the Open Offer. Admission of the Open Offer Shares is subject to passing the relevant Resolutions at the General Meeting.

Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Basic Entitlement. Applications for New Ordinary Shares under the Excess Application Facility will be scaled back as outlined in the Circular.

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. On the assumption that, amongst other things, the Resolutions are passed by Shareholders at the General Meeting, it is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 16 July 2019 (being the business day following the General Meeting). The New Ordinary Shares will rank pari passu with the existing Ordinary Shares.

New Ordinary Shares in uncertificated form are expected to be credited to Shareholders who hold their Ordinary Shares in CREST accounts on 16 July 2019. Definitive share certificates for New Ordinary Shares are expected to be despatched to Shareholders who hold their Ordinary Shares in certificated within 10 business days of Admission.

Capitalised terms not otherwise defined in the text of this announcement have the meanings given in the Company's announcement of 27 June 2019.

Enquiries:

Market Abuse Regulation:

This announcement is released by Staffline Group plc and contains inside information for the purposes of the Market Abuse Regulation (EU) 596/2014 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

The person responsible for arranging the release of this information is Mr Chris Pullen, CEO of the Company.

Overview of Staffline

Staffline is the UK's market leading Recruitment and Training group. It has two divisions:

Recruitment Division

A leading provider of flexible blue-collar workers in the UK, supplying over 60,000 staff per day to c. 1,600 private sector clients, across a wide range of industries including agriculture, drinks, driving, food processing, logistics and manufacturing. It operates from over 450 locations in UK, Eire and Poland. Its leading UK Customer Experience platform provides optimised customer-based staffing management solutions whilst providing market-leading levels of job satisfaction for workers.

 PeoplePlus Division

The leading adult skills and training provider in the UK, delivering apprenticeships, adult education, prison education and skills-based employability programmes across the country.

Skills and Training - market leading provider of Apprenticeships (both Levy and non-Levy), learning and development, adult education and health and well-being programmes to the Private and Public sector.

Justice and Community - largest independent provider of education and training services for prisoners and ex-offenders, as well as individual support services for carers and people with disabilities, both at home and in the work place.

Employability - market leading provider of programmes providing back-to-work education, skills support services to the unemployed and enterprise advice to individuals wanting to start their own business.