Staffline Group successfully raises £44 million
Staffline, the recruitment and training group, has successfully completed a Placing, which was oversubscribed.
A total of 87,249,500 new ordinary shares of 10 pence each have been placed at a price of 50 pence per share to certain existing shareholders and new institutional investors.
Concurrently with the Placing, certain Directors and employees of the Group have agreed to subscribe for 750,500 new ordinary shares of 10 pence each at the Issue Price.
Together, the Placing Shares and the Subscription Shares comprise 88,000,000 new ordinary shares of 10 pence each, raising gross proceeds of £44 million for the Company.
The Perivan shareholder communications team were delighted to work with Liberum Capital Limited who acted as Nominated Adviser, Broker and Sole Bookrunner in connection with the Placing and Canaccord Genuity who acted as financial adviser to the Company on the production of the documentation which was successfully published and posted to qualifying shareholders on 24th May 2021.
Perivan specialise in the production and publication of financial documents relating to shareholder and investor communications for quoted companies, private companies and open and closed-ended funds