RNS Number : 5496D
Empresaria Group PLC
16 September 2008
Empresaria Group plc ("Empresaria" or the "Company")
Issue of Equity
The Company announces that application has been made to the London Stock
Exchange plc for the admission to trading on AIM of 345,905 new Ordinary Shares
of 5p each fully paid, ranking pari passu with the existing ordinary shares
("Ordinary Shares") and dealings are expected to commence on or around 19
September 2008. These new Ordinary Shares have been allotted as consideration
relating to the purchase of shares from minority shareholders in Greycoat
Placements Limited, LMA Recruitment Limited and McCall Limited, subsidiaries of
The acquisition of the minority shareholdings is made pursuant to original
agreements between Empresaria and the employee shareholders of the companies.
Greycoat Placements Limited specialises in the placement of domestic staff,
permanent or temporary, in the UK and internationally. LMA Recruitment Limited
specialises in providing staff in three core areas - Investment Banking, Asset
Management and Office Support. McCall Limited specialises in the recruitment to
After the acquisition of the minority shareholdings, Empresaria will own 96.46
per cent. of Greycoat Placements Limited, 75.08 per cent. of LMA Recruitment
Limited and 78.89 per cent. of McCall Limited.
For the purposes of the Financial Services Authority's Disclosure and
Transparency Rules, following the admission of the shares described above, the
total number of ordinary shares of 5p each in the Company will be 33,910,106.
There are no shares held in treasury and therefore the total number of voting
rights in the Company will be 33,910,106.
The above figure may be used by shareholders 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 Disclosure
and Transparency Rules.
Empresaria Group plc Stuart Kilpatrick, Finance 01293 649 900
DirectorMadeleine Pallas, Head of Group Communications
Kaupthing Singer & Friedlander Capital Markets LtdNicholas 020 3205 5000
This information is provided by RNS
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