27th Oct 2005 07:00
Jelf Group PLC27 October 2005 Jelf Group plc Issue of Equity / New Team The Board of Jelf Group plc ("Jelf Group" or the "Company"), an establishedcorporate intermediary, today announces that it has recruited an experiencedteam of self-employed corporate pension advisers. The new team will support theGroup's drive into the flexible benefits market. As an incentive the teammembers have been issued with new ordinary shares in the Company. The Company has made application for 125,000 new 1p ordinary shares to beadmitted to trading on AIM. Admission of these shares is expected to occur on 2November 2005. Jelf Group CEO, Alex Alway, commented:'Employer demand for flexible benefit packages increases at a pace. The JelfGroup's broad skill base means that it will be well placed to meet this demand.This new team represents another piece in the jigsaw aimed at providingsolutions in the large corporate marketplace and will substantially increase theGroup's capacity to write business in this area.' The team will be based at the Jelf Group's new Swindon office. Further information from: JM Finn & Co Sam Smith Tel: 020 7628 9688 Jelf Group plcAlex Alway (Group Chief Executive) Tel: 01454 272799 Phil Barton (Group Commercial Director) Tel: 01454 272754 Notes to Editors: •Jelf Group was founded by Chris Jelf in 1989. Today, the Jelf Group operates from a number of premises in the West Country and Wales and offers an extensive range of corporate services; The Group advises over 6000 corporate clients across a range of disciplines. •These clients cover the spectrum from significant public companies to small owner managed businesses. Core Jelf clients are medium sized owner-managed businesses, typically employing between one to 50 staff, with a turnover of up to £10 million; •The Group has developed a corporate support infrastructure that has enabled it to make a number of acquisitions over the last four years. These acquisitions span all core areas of the Group's business and have been made to either supplement existing operations or acquire a corporate client base that can be utilised by the enlarged Group. The significant acquisitions were as follows: €2000 - IFM - IFA based in Bristol - relocated to Yate, Bristol; €2001 - Corporate Healthcare Management - Healthcare partnership; €2002 - Spring Gate Insurance - Purchase of a book of commercial insurance; €2003 - Richard Levinge Associates - IFA business based in Cheltenham; €2003 - SLF Insurance (Services) Ltd - Purchase of a book of commercial insurance; €2003 - Kallender Walwyn Ltd - Purchase of commercial insurance business based in Trowbridge €2003 - Pontin and Stein - Corporate Healthcare partnership. €2004 - Managed Healthcare Ltd - acquisition of independent Somerset based brokerage specialising in healthcare and private medical insurance €2005 - Arnold Wills - acquisition of independent financial advisor based in Somerset €2005 - The South West commercial insurance operations of R.K. Harrison based in Taunton. €2005 - Acquisition of the financial services business of Crowther Beard LLP, a firm of accountants. Further information is available on Jelf at the Company's website:www.jelfgroup.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
JLF.L