16 November 2005
Embargoed until 0800 16 November 2005
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN
This document is an advertisement and not a prospectus. Investors should not
purchase any Ordinary Shares referred to in this announcement except on the
basis of information in the prospectus.
('SThree' or the 'Group')
Admission to Official List and commencement of unconditional dealings on the
Main Market of the London Stock Exchange
SThree, one of the UK's leading information, communication and technology
('ICT') staffing businesses based on turnover, is pleased to announce that its
ordinary shares have been admitted to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange's main market for listed
securities (ticker symbol STHR). Unconditional dealings in SThree's ordinary
shares commenced at 8.00am today.
UBS Investment Bank acted as Sponsor, Financial Adviser, Bookrunner and Global
Co-ordinator of the Global Offer. Investec Bank (UK) Limited and Oriel
Securities Limited acted as Co-Lead Managers.
- Ends -
SThree plc 020 7292 3838
Russell Clements, Chief Executive Officer
Sunil Wickremeratne, Chief Operating Officer
Michael Nelson, Chief Financial Officer
UBS 020 7567 8000
Jim Renwick / Russell Chambers
Weber Shandwick Square Mile 020 7067 0700
Kevin Smith / John Coles
Print resolution images are available for the media to view and download from
Notes to editors
SThree, founded in 1986, is one of the leading ICT staffing businesses in the UK
based on turnover. SThree provides both permanent and contract specialist
staffing services in the UK and Europe, primarily in the ICT sector and, to an
increasing extent in the UK, the banking and finance, accountancy, human
resources and engineering sectors. SThree currently operates under 12 brands,
the 3 largest by turnover being Computer Futures, Progressive and Huxley, and
has 30 offices in the UK and 8 offices in Europe, in Belgium, The Netherlands,
France, Germany and Ireland.
SThree has a selective approach to clients and focuses on high margin
opportunities, predominantly within the small to medium-sized enterprises
('SME') market, which SThree defines as including autonomous divisions of large
corporates. SThree does not pursue a high volume/low margin model. SThree has a
diverse, international client list of over 4,000 clients, comprising primarily
Following the establishment of its first brand, Computer Futures, in 1986,
SThree adopted a multi-brand strategy, establishing new operations to address
growth opportunities. These new brands have typically been created out of one of
SThree's existing businesses and are an important means of retaining high
performing key employees who are often given the opportunity to acquire a
minority equity stake in the new business.
These materials are not for distribution, directly or indirectly, in or into the
United States, Australia, Canada or Japan. This document does not constitute an
offer of securities for sale in the United States, nor may the securities be
offered or sold in the United States absent registration or an exemption from
registration as provided in the US Securities Act of 1933, and the rules and
regulations thereunder. No securities are being registered for offer or sale in
the United States and no public offering of the securities in the United States
will be made.
The information contained herein does not constitute an offer to sell or the
solicitation of an offer to buy nor shall there by any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration, exemption of registration or
qualification under the securities laws of any such jurisdiction.
The price and value of the securities referred to herein my go up as well as
down. Persons needing advice should consult a professional adviser.
Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of SThree. You can identify forward looking statements by terms such
as 'expect,' 'believe,' 'anticipate,' 'estimate,' 'intend,' 'will,' 'could,'
'may' or 'might' or the negative of such terms or other similar expressions. We
wish to caution you that these statements are only predictions and that actual
events or results may differ materially. We do not intend to update these
statements to reflect events and circumstances occurring after the date hereof
or to reflect the occurrence of unanticipated events. Many factors could cause
the actual results to differ materially from those contained in our projections
or forward-looking statements, including, among others, general economic
conditions, our competitive environment, as well as many other risks
specifically related to SThree and its operations.
This document, which has been issued by SThree and is the sole responsibility of
SThree, has been approved solely for the purposes of Section 21 of the Financial
Services and Markets Act 2000 of the United Kingdom by UBS Limited of 1 Finsbury
Avenue, London EC2M 2PP.
UBS Limited is acting exclusively for SThree in relation to the Global Offer and
no one else and will not be responsible to anyone other than SThree for
providing the protections afforded to clients of UBS Limited nor for providing
any advice in relation to the Global Offer, the contents of this announcement or
any other matter referred to herein.
Investec Bank (UK) Limited and Oriel Securities Limited, each of which is
authorised and regulated in the United Kingdom by the Financial Services
Authority, are advising SThree in relation to the Global Offer and no one else
and will not be responsible to anyone other than SThree for providing the
protections afforded to the customers of Investec Bank (UK) Limited and Oriel
Securities Limited nor for providing any advice in relation to the Global Offer
or any other matter referred to herein
Copies of the prospectus are available from the Company's registered office and
UBS Limited, 1 Finsbury Avenue, London EC2M 2PP.
In connection with the Global Offer, UBS Limited as stabilising manager (the
'Stabilising Manager') may effect transactions with a view to supporting the
market price of the Ordinary Shares of the Company at a level higher than that
which might otherwise prevail. Such transactions may commence on or after the
publication of the Offer Price and will end no later than 30 days thereafter.
However, there is no obligation on the Stabilising Manager to do this. Such
transactions may be effected on the London Stock Exchange, the over the counter
market or otherwise. There is no assurance that such transactions will be
undertaken and, if commenced, they may be discontinued at any time. Save as
required by law, the Stabilising Manager does not intend to disclose the extent
of any over-allotments and/or stabilisation transactions under the Global Offer.
This information is provided by RNS
The company news service from the London Stock Exchange