Impellam Group plc Share Purchase Plan (5705Z)
December 18 2017 - 2:00AM
UK Regulatory
TIDMIPEL
RNS Number : 5705Z
Impellam Group plc
18 December 2017
18 December 2017
Impellam Group plc
("Impellam" or the "Company")
Share Purchase Plan
The Company announces it has entered into a trading plan (the
"Share Purchase Plan") to buy back shares for cancellation. 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, currently due to be held on
27(th) June 2018, when the Company will reconfirm its
intentions.
Under the Share Purchase Plan, the Company will instruct its
broker, Cenkos Securities plc, to acquire ordinary shares of 1p
each in the Company ("Ordinary Shares"). Purchases of Ordinary
Shares under the Share Purchase Plan will be limited to GBP75,000
(by market value) per calendar month and the maximum price paid for
such Ordinary Shares shall be an amount equal to the higher of (i)
5% above the average of the middle market quotations for the
Ordinary Shares 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 of 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 692658
Alison Wilford, Chief Financial Officer
Cenkos Securities plc (Nomad and Corporate broker)
Nicholas Wells / Mark Connelly 020 7397 8900
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 Asia Pacific, 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, technology specialists, cleaners, security guards, and
manufacturing and warehouse operatives. Impellam Group plc is the
2nd largest staffing business in the UK and 6th largest MSP
provider worldwide (as measured by Spend Under Management),
employing over 3,400 people across 182 worldwide locations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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