24 May 2021
Staffline Group plc
("Staffline", the "Company" or the "Group")
Posting of Circular
Staffline (AIM: STAF), the recruitment and training group, is pleased to announce that it is today posting the Circular to Shareholders convening the General Meeting in respect of the Placing, Subscription and Open Offer announced on 21 May 2021.
The Circular contains details of the Open Offer which provides Qualifying Shareholders with the opportunity to subscribe for Open Offer Shares on the basis of 10 Open Offer Shares for every 78 Ordinary Shares held on the Record Date, at the Issue Price.
The Circular is also available on the Company's website: https://www.stafflinegroupplc.co.uk/investor-relations/circulars/.
The General Meeting will be held at 11.00 a.m. on 9 June 2021. In light of the ongoing Covid-19 concerns, the General Meeting will be held as a closed meeting and accordingly, save for the minimum number of Director shareholders so as to form a quorum (which is two), no Shareholders will be able to physically attend the General Meeting.
Other than where defined, capitalised terms used in this announcement have the meanings given to them in the 'Proposed Placing and Subscription to raise £44 million, Proposed Open Offer to raise up to £4.4 million and Proposed Debt Refinancing' announcement released by the Company on 21 May 2021 (RNS number: 3759Z).
For further information, please contact:
| Staffline Group plc Albert Ellis, Chief Executive Officer Daniel Quint, Chief Financial Officer | via Vigo Consulting |
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| Liberum (Nominated Adviser and Sole Bookrunner) Bidhi Bhoma / Richard Lindley / William Hall / Christopher Whitaker | 020 3100 2222 |
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| Vigo Consulting (Financial PR) Jeremy Garcia / Antonia Pollock | 020 7390 0230 Staffline@vigoconsulting.com
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About Staffline - Recruitment, Training and Support
Enabling the Future of Work™
Staffline is the UK's market leading Recruitment and Training group. It has three divisions:
Recruitment GB
Staffline is the UK's leading provider of flexible blue-collar workers, supplying approximately 40,000 staff per day on average to around 450 client sites, across a wide range of industries including agriculture, supermarkets, drinks, driving, food processing, logistics and manufacturing.
Recruitment Ireland
The recruitment Ireland business is a leading end to end solutions provider operating across twenty industries, ten branch locations, fifteen onsite customer locations and offering RPO, MSP, temporary and permanent solutions across the island of Ireland.
PeoplePlus Division
Staffline is the leading adult skills and training provider in the UK, delivering adult education, prison education and skills-based employability programmes across the country.
Expected Timetable of Principal Events
| Record Date for entitlements under the Open Offer | 6.00 p.m. on | 19 May 2021 |
| Announcement of the proposed Fundraise | 7.00 a.m. | 21 May 2021 |
| Ex-entitlement Date of the Open Offer | 8.00 a.m. | 21 May 2021 |
| Announcement of the result of the Placing and Subscription | | 21 May 2021 |
| Publication of the Circular (including Notice of General Meeting), Application Forms and Forms of Proxy | | 24 May 2021 |
| Open Offer Entitlements and Excess Entitlements credited to stock accounts of Qualifying CREST Shareholders in CREST | As soon as practical after 8.00 a.m. | 24 May 2021 |
| Latest time and date for requesting withdrawal of Open Offer Entitlements and Excess Entitlements from CREST | 4.30 p.m. | 1 June 2021 |
| Latest time and date for depositing Open Offer Entitlements and Excess Entitlements into CREST | 3.00 p.m. | 2 June 2021 |
| Latest time and date for splitting Application Forms (to satisfy bona fide market claims only) | 3.00 p.m. | 3 June 2021 |
| Latest time and date for receipt of Forms of Proxy | 11.00 a.m. | 7 June 2021 |
| Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer or settlement of relevant CREST instructions (as appropriate) | 11.00 a.m. | 7 June 2021 |
| General Meeting | 11.00 a.m. | 9 June 2021 |
| Announcement of the results of the General Meeting and Open Offer | | 9 June 2021 |
| Admission and commencement of dealings in Placing Shares, Subscription Shares and Open Offer Shares | 8.00 a.m. | 10 June 2021 |
| Expected despatch of definitive share certificates for the New Ordinary Shares in certificated form | Within 5 business days of | |
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