Result of GM, TVR & Proposed Board Appointment

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN STAFFLINE GROUP PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF STAFFLINE GROUP PLC.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

9 June 2021

Staffline Group plc

("Staffline", the "Company" or the "Group")

Result of General Meeting, Total Voting Rights and Proposed Board Appointment

Staffline, the recruitment and training group, is pleased to announce that at the General Meeting held earlier today, all resolutions proposed were duly passed by Shareholders.

The Placing, Subscription and Open Offer remain conditional on the admission of the 96,837,242 New Ordinary Shares to trading on AIM having become effective at 8.00 a.m. on 10 June 2021 (or such later date and/or time as the Company may agree, being no later than 4.30 p.m. on 17 June 2021).  As previously stated, the Debt Refinancing is conditional on receipt of the proceeds of the Placing and Subscription.

The Enlarged Share Capital of the Company following Admission will be 165,767,728 Ordinary Shares in aggregate. Therefore, the total voting rights in the Company as at 10 June 2021 will be 165,767,728. This figure may be used by Shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms not otherwise defined in the text of this announcement have the meanings given in the Company's announcement of 21 May 2021.

Proposed Board Appointment

The Company also announces the proposed appointment of Thomas Spain as a Non-Executive Director of the Company, as a representative of Henry Spain Investment Services Limited, which will retain its position as one of the largest shareholders in the Company following completion of the Fundraise.  His appointment is conditional on shareholder approval at the 2021 Annual General Meeting ("AGM"), which is expected to be held in July 2021, and the completion of customary Nominated Adviser due diligence checks.   A further announcement will be made as appropriate. 

Enquiries:

Market Abuse Regulation:

For the purposes of MAR, Article 2 of Commission Implementing Regulation (EU) 2016/1055 and the UK version of such implementing regulation, the person responsible for arranging for the release of this Announcement on behalf of the Company is Daniel Quint, Chief Financial Officer

About Staffline - Recruitment, Training and Support 

Enabling the Future of Work™

Staffline is the UK's market leading Recruitment and Training group. It has three divisions:

 Recruitment GB

Staffline is the UK's leading provider of flexible blue-collar workers, supplying approximately 40,000 staff per day on average to around 450 client sites, across a wide range of industries including agriculture, supermarkets, drinks, driving, food processing, logistics and manufacturing.

Recruitment Ireland 

The recruitment Ireland business is a leading end to end solutions provider operating across twenty industries, ten branch locations, fifteen onsite customer locations and offering RPO, MSP, temporary and permanent solutions across the island of Ireland.

PeoplePlus Division

Staffline is the leading adult skills and training provider in the UK, delivering adult education, prison education and skills-based employability programmes across the country.