THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
13 October 2015
EMPRESARIA GROUP PLC
("Empresaria" or the "Group")
Result of Oversubscribed Placing and Director Shareholding
Following the earlier announcement that Empresaria has entered into a conditional agreement to acquire Pharmaceutical Strategies, LLC, Recruitment Strategies, LLC, Medical Recruitment Strategies, LLC and Recruitment Strategies Group, LLC (together "PS") and is conditionally raising £3.3 million through a placing of new ordinary shares in the Company, Empresaria is pleased to announce the completion of an oversubscribed Placing.
A total of 4,456,285 Placing Shares have been placed at a Placing Price of 75 pence per Placing Share, representing a discount of approximately 6 per cent. to the average closing price last week and a discount of approximately 12 per cent. to the closing price on 12 October 2015, being the last practicable date before this announcement.
Based on the Placing Price, the gross proceeds of the Placing are £3.3 million. The Placing Shares will represent approximately 9 per cent. of the enlarged issued ordinary share capital of the Company.
The Group also announces that Anthony Martin, Non-Executive Chairman, has subscribed for Placing Shares at the Placing Price as set out below:
Director |
Beneficial holding of Ordinary Shares before Placing |
Number of Placing Shares of 5p each to be purchased |
Beneficial holding of Ordinary Shares after Placing |
% of expected Enlarged Share Capital |
Anthony Martin |
12,924,595 |
1,000,000 |
13,924,595 |
28.41 |
Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that admission to AIM will become effective and that dealings on AIM will commence in the Placing Shares on 19 October 2015.
All terms in this announcement have the meaning given to them in the announcement made by the Company at 1:25 p.m. on 13 October 2015 unless otherwise defined herein.
- Ends -
Enquiries:
Empresaria Group plc Joost Kreulen, Chief Executive Officer Spencer Wreford, Group Finance Director |
via Redleaf |
Arden Partners (Nominated Adviser and Broker)
John Llewellyn-Lloyd / Steve Douglas / Ciaran Walsh |
020 7614 5900 |
Redleaf Communications (Financial PR)
Rebecca Sanders Hewett / Joanna Brown |
020 7382 4730 [email protected] |
Notes for editors:
· Empresaria Group plc is an international specialist staffing group with 18 brands operating in 18 countries across the globe including UK, Germany, Japan, Indonesia, China, India, Chile, Thailand, Singapore, Finland, UAE and Australia.
· The Group offers both temporary and permanent staffing solutions in several sectors including Financial, IT Digital & Design, Technical & Industrial, Healthcare and Retail.
· Empresaria applies a multi brand, management equity philosophy and business model, with Group company management teams holding significant equity in their own business.
· The Group is listed on AIM under ticker EMR. For more information: http://www.empresaria.com/
