Business
Placing and Notice of General
Placing and Notice of General.
About this update from Empresaria Group Plc
[{"type":"text","content":"\n RNS Number : 4251R Empresaria Group PLC 30 April 2009 \n \nPRESS RELEASE - Embargoed until 0700 Thursday 30 April 2009 \n \nEMPRESARIA RAISES £2.8 MILLION TO FUND GROWTH BUSINESSES \n \n \nCRAWLEY, UK; 30 April 2009:- Empresaria Group plc, the AIM-quoted international staffing group, has conditionally raised £2.8 million through an oversubscribed placing of new shares at 28p per share to fund its growing international businesses and enable it to maintain the infrastructure and management resource required to take advantage of any market upturn. Tony Martin and Miles Hunt, Chairman and Chief Executive respectively, are participating in the placing with Tony Martin investing £1 million to acquire 3,571,429 new shares.\n\nEmpresaria Chief Executive Miles Hunt said: 'The new funds raised will give us greater financial flexibility and better enable us to support some of our growing businesses in emerging markets as well as strengthen the Group in anticipation of the inevitable and eventual market upturn. Raising new funds at a share price materially higher than the one month and three month average closing prices reflects a high level of support from shareholders and investors and is an indication of their confidence in the future prospects of the Group.'\n\nShareholder approval for the transaction will be sought at an EGM on 18 May 2009.\n \nENDS \n \n \nEditor's Notes \n \nAbout Empresaria\n\n* Empresaria operates out of 20 countries and approximately 135 offices and has over 1,000 internal staff. \n* 60% of the Group's net fee income is generated outside the UK, and over 75% of net fee income is generated from temporary and contract business \n* Empresaria applies a management equity philosophy and business model with each group company management team holding significant equity in its own business\n \n \nFor further information contact: \n\n\n\n\n\n\nMiles Hunt\n\n\n \n\n\n\n\nChief Executive, Empresaria Group plc\n\n\n01293 649 900\n\n\n\n\n \n\n\n&nb...