IN BRIEF: Staffline to return GBP7.5 million after selling PeoplePlus
25th Feb 2025 13:14
Staffline Group PLC - Nottingham, England-based flexible staff recruitment in UK and Ireland - Starts share buyback to return proceeds from the disposal of PeoplePlus Group Ltd, a subsidiary that provides workplace training and employability services, to Talent International (UK) Ltd, a subsidiary of Swipejobs Holdings Pty Ltd. Staffline will receive GBP12.0 million in cash. However, as the deal is on a cash-free, debt-free basis, this is subject to a deduction of GBP5.1 million in advanced payments received on future revenue. Net proceeds are expected to be GBP6.9 million, of which GBP2.0 million is deferred and contingent on potential new customer contracts being signed. Read More