TIDMIPEL

RNS Number : 7105T

Impellam Group plc

29 March 2021

29 March 2021

Impellam Group plc

("Impellam" or the "Company")

Transaction in Own Shares

Impellam Group PLC, the 2(nd) largest staffing business in the UK and 6(th) 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 25 January 2021.

 
 Date of purchase                                   26 March 2021 
 Number of Ordinary Shares purchased (aggregated 
  volume):                                          5,000 
 Highest Price paid per Ordinary Share 
  (GBP):                                            2.70 
 Lowest Price paid per Ordinary Share (GBP):        2.70 
 Volume Weighted Average Price paid per 
  Ordinary Share (GBP):                             2.70 
 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 45,844,308. This figure of 45,844,308 Ordinary 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.

Individual transactions:

 
 Number of shares   Transaction price    Time of transaction       Trading venue 
     purchased       (pence per share) 
      3,222               270.00              11:12:30         London Stock Exchange 
                   -------------------  --------------------  ---------------------- 
      1,778               270.00              14:16:51         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 largest (1) staffing company in the UK and sixth largest (2) 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

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END

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(END) Dow Jones Newswires

March 29, 2021 02:00 ET (06:00 GMT)

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