Response to Adecco announceme

RNS Number : 5058D

Michael Page International PLC

16 September 2008

 



FOR IMMEDIATE RELEASE

16 September 2008

Michael Page International plc ("Michael Page" or the "Company")

Response to Adecco S.A. ("Adecco") announcement

The Board of Michael Page notes the announcement by Adecco that it is no longer considering making an offer for Michael Page.

The Board of Michael Page and its advisers gave Adecco's proposals due consideration and unanimously concluded that they materially undervalued the Company and its prospects and that the interests of the Company's shareholders and employees would be better served by Michael Page remaining an independent entity.

The Board of Michael Page continues to believe that the Company's clear strategy of organically diversifying its activities by geography and discipline and increasing its exposure to growth markets, together with the longer-term structural growth drivers of the specialist recruitment market, mean that the Company has excellent prospects.

An update on the Company's trading will be provided in its Q3 trading update on 7 October 2008.

Enquiries:

Financial Dynamics
Richard Mountain
Tel: [phone]

 

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