5th Sep 2005 07:00
Multi Group PLC05 September 2005 Date: 5 September 2005 On behalf of: Multi Group Plc ("Multi" or "the Company") Embargoed until: 0700hrs Multi Group Plc Appointment of Adviser Multi, the specialist recruitment company, is pleased to announce that it hastoday appointed Redleaf Communications as its financial PR and investorrelations adviser. Multi began 2005 as a cash shell with some £5.1 million on deposit from the saleof its previous business interests. To date the Company has acquired twobusinesses - Berry Recruitment, which has a fast growing medical division, andGrays Personnel whose branches complimented and filled gaps in Berry's existingnetwork. The Board's stated intention has been to use the Company as a vehicle toconsolidate private and public operators within the staffing and recruitmentmarket. The objective being to develop Multi into a leading supplier ofstrategic labour solutions into selected niche markets; to do this the Companyis targeting sectors that are as far as possible non-cyclical in nature withstrong and growing demand for the services on offer. The Board has been actively pursuing other acquisition opportunities and nowfeels that the time is right to strengthen the Company's team of advisers. Commenting on the appointment, Oliver Cooke, Chairman of Multi Group Plc, said: "We are delighted with the appointment of Redleaf as they have a formidabletrack record in assisting clients with strategic buy and build programmes. Wehave been very busy in our quest to enlarge the Group and look forward toupdating shareholders on our progress over the coming months." - ends - Enquiries to: Oliver C Cooke, ChairmanMulti Group Plc Tel: 08701 602 901 Emma Kane/Miranda GoodRedleaf Communications Ltd Tel: 020 7955 1410 Notes to Editors: • Multi Group Plc's shares were admitted to trading on AIM in November 2003; • In August 2004, the Company disposed of the business and assets of its tool-hire division for a cash consideration of £7 million; • The Directors then identified the staffing and recruitment sector as being one in which they believed there are significant opportunities to develop the Group and by January 2005, Multi Group was an AIM listed cash shell with approximately £5.1m on deposit; • Current market cap of £9.8 million; • Significant shareholders include Bob Morton, Michael Jackson and Unicorn Asset Management; • Further information can be found on the Company's website http://www.multiplc.com . This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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