CAPITAL REDUCTION EFFECTIVE

Impellam Group plc

25 July 2023

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

25 July 2023

Impellam Group plc

("Impellam" or the "Company" or the "Group")

CAPITAL REDUCTION EFFECTIVE

Impellam Group plc (AIM: IPEL) previously announced on 27 June 2023 that its shareholders had passed each of the resolutions at the annual general meeting held on that day, which included, among other things: (i) the reduction of the share capital of the Company by the cancellation of 94,822 ordinary shares of GBP 0.01 each in the capital of the Company (the Ordinary Shares); and (ii) the cancellation of GBP 30,121,328 of the share premium account 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 (the Court Order) and that the Court 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.

The Company announced on 12 April 2022 that it had entered into an offer period. The Ordinary Shares are relevant securities of Impellam Group plc for the purposes of Rule 8 of The City Code on Takeovers and Mergers (the Code). In accordance with Rule 2.9 of the Code, Impellam therefore confirms that it now has in issue 44,848,572 ordinary shares with voting rights. The Company has no ordinary shares held in Treasury. The International Securities Identification Number for Impellam ordinary shares is GB00B8HWGJ55.

Enquiries: for further information, please contact the appropriate individual below.

Impellam Group plc

Julia Robertson, Chief Executive Officer                                                                                Tel: [phone]

Canaccord Genuity Limited

(Nominated Advisor and Sole Broker to Impellam)

Bobbie Hilliam                                                                                                                        Tel: [phone]

Emma Gabriel

Thomas Diehl

Note to Editors:

Impellam is a connected group providing global workforce and specialist recruitment solutions. Our 2000 people and market leading brands work across a broad spectrum of industries and job categories throughout North America, the UK and Europe and Asia Pac.

Our award-winning Global Managed Services provide a diverse range of digitally enabled, multi-disciplinary workforce solutions to organisations around the world. We are upper quadrant industry leaders in Managed Service Provision and Services Procurement, and the seventh largest Managed Service Provider in the world with over £4bn SUM (Spend under Management).

Our STEM businesses are specialists in recruiting and engaging talent in the key growth markets of technology, digital, data, science, clinical and engineering and work with clients across all sectors and sizes delivering services that span Managed Services (MSP), Recruitment Process Outsourcing (RPO), Statement of Work (SOW) and specialist recruitment.

Led by our Virtuosos, our capabilities are underpinned by our proprietary digital technology and unique partnerships with market-leading software providers, enabling us to transform and future-proof our services.

We believe in the power of work. Through the power of work, we build better businesses and help people lead more fulfilling lives.

For more information about Impellam Group please visit: www.impellam.com.

 

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