IPEL Impellam Group Plc

 

TIDMIPEL 
 
RNS Number : 7040J 
Impellam Group plc 
06 April 2010 
 

6 April 2010 
 
Impellam Group plc ("Impellam" or "Company") 
Holdings in Company 
 
Impellam has today been notified that, following a transfer of an indirect 
interest in the Company, Lord Ashcroft no longer has a beneficial interest in 
25,745,349 ordinary shares of 1p each in the Company.   These shares represented 
the whole of his beneficial interest in the Company. 
 
The transfer of this indirect interest has been made to the Lombard Trust (the 
"Trust") which now has a beneficial interest in 25,745,349 ordinary shares of 1p 
each in the Company representing its entire interest in the Company.  The shares 
represent approximately 57.21% of the Company's issued share capital.   The 
beneficiaries of the trust are Lord Ashcroft's children and remoter issue. 
 
+----------------------------------+----------------------------------+ 
| Impellam Group plc               |                                  | 
+----------------------------------+----------------------------------+ 
| Cheryl Jones - Executive         | Tel: 01582 692658                | 
| Chairman                         |                                  | 
+----------------------------------+----------------------------------+ 
|                                  |                                  | 
+----------------------------------+----------------------------------+ 
| Cenkos Securities plc            |                                  | 
+----------------------------------+----------------------------------+ 
| (Nominated Adviser and Broker to |                                  | 
| Impellam)                        |                                  | 
+----------------------------------+----------------------------------+ 
| Nicholas Wells/Beth McKiernan    | Tel: 020 7397 8900               | 
+----------------------------------+----------------------------------+ 
 
Takeover Code Disclosure 
 
Lord Ashcroft and the Trust are considered to be acting in concert for the 
purposes of Rule 9 of the City Code on Takeovers and Mergers (the "City Code"). 
The Takeover Panel has (i) consented to the above-referenced transfer of shares 
within the Concert Party whereby the Trust's shareholding has increased to a 
level in excess of 30% of the issued share capital of the Company; and (ii) has 
confirmed that there is no obligation on the Trust to make a general offer to 
all shareholders of the Company to acquire their ordinary shares in the Company 
pursuant to Rule 9 of the City Code. 
 
Shareholders should note that the Concert Party controls in excess of 50% of the 
ordinary shares in issue in the Company. Accordingly, the Concert Party, for so 
long as the members of the Concert Party continue to be treated as acting in 
concert, may be able to increase its aggregate interests in shares in the 
Company without incurring any further obligation under Rule 9 of the City Code 
to make a general offer to all shareholders of the Company to acquire their 
Ordinary Shares. However, no individual member of the concert party will be 
permitted to increase its percentage interest in ordinary shares through a Rule 
9 threshold (i.e. to result in a member having an interest in shares carrying 
30% or more of the voting rights of the Company when previously the percentage 
was below 30%; or to result in the increase of a holding that is 30% or more but 
not exceeding 50% without the consent of the Takeover Panel). 
 
 
- Ends - 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 HOLEAKLSESPEEFF 
 

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