RNS Number : 4879W
Empresaria Group PLC
28 January 2013
 



28 January 2013

 

Empresaria Group plc ("Empresaria" or the "Company" or the "Group")

 

Acquisition of the remaining minority interest in Skill House Staffing Solutions KK ("Skillhouse")

 

Empresaria, the AIM quoted staffing specialist, announces that, pursuant to a shareholders' agreement originally entered into on 22 September 2004, it has acquired the 10 per cent. of the issued shares of Skillhouse, which the Company did not already own.  Following this acquisition, Empresaria now holds 100 per cent. of the issued shares of Skillhouse. The total consideration for the shares is approximately GBP 450,000, which has been settled in full in cash.  In line with Group strategy, discussions are ongoing with the senior managers of Skillhouse to implement an equity incentive plan for the next stage of growth.

 

Skillhouse specialises in the placement of IT professionals on a permanent and temporary basis. In the year to 31 December 2011, Skillhouse generated revenue of GBP 8.1 million and profit before tax of GBP 0.6 million.

 

For further information contact:  

 

Empresaria Group plc

01342 711430

Joost Kreulen, Chief Executive

Spencer Wreford, Group Finance Director  

Altium (Nominated Adviser)

0207 484 4040

Tim Richardson

Allenby Capital Limited (Broker)

0203 328 5656

Nick Naylor

 

Notes for editors:

About Empresaria

·      Empresaria Group plc (AIM: EMR; Sector: Support Services, Staffing) operates in 19 countries with over 800 internal staff.

·      Empresaria Group plc applies a management equity philosophy and business model, with group company management teams holding significant equity in their own businesses.

 


This information is provided by RNS
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