Capital Reduction Effective

RNS Number : 5450H

Impellam Group plc

12 July 2012

 



CAPITAL REDUCTION EFFECTIVE

Impellam Group plc ("Impellam") - London AIM: IPEL; 12 July 2012. 

Impellam previously announced on 12 June 2012 that its shareholders had passed each of the resolutions at the annual general meeting held on that day, which included the reduction of the share capital of the Company by £127.1 million, involving the cancellation of all the B ordinary shares and C ordinary shares in the capital of the Company (the "Capital Reduction"). 

Impellam is now pleased to announce that the High Court of Justice in England and Wales has made an order confirming the Capital Reduction and that the order has now been registered by the Registrar of Companies in England and Wales. Accordingly, the Capital Reduction has now become effective in accordance with the terms of the court order.

Enquiries:  For further information please contact the appropriate individual below.

Impellam Group plc
Cheryl Jones, Chairman	Tel: [phone]
Cenkos Securities plc (Nominated Advisor and Broker to Impellam)
Nicholas Wells	Tel: [phone]
Threadneedle Communications
John Coles	Tel: [phone]

Note to Editors:

Impellam Group plc conducts business primarily in the UK and the US, with smaller operations in Australia, Ireland, New Zealand and mainland Europe. The Group employs nearly 6,000 people, including 2,200 managers and consultants and more than 3,500 support services workers, across a network of 230 branch and regional offices. The Group operates more than 15 specialty brands across a broad range of staffing sectors which are complemented by businesses in the outsourced support services sector. Impellam Group is ranked 18th on the Staffing Industry Analysts' 2011 Top Global Staffing Companies List.

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