Staffline ( (GB:STAF) ) has issued an announcement.
Staffline Group PLC has announced a share buyback program following the sale of PeoplePlus Group Limited. The buyback aims to purchase up to £7.5 million worth of ordinary shares to enhance shareholder value, with the process divided into two tranches. The first tranche uses existing shareholder authority, while the second requires approval at the next AGM. This move reflects the company’s strategic focus on capital allocation and shareholder returns.
More about Staffline
Staffline Group PLC is a leading recruitment company in the UK, operating through two main divisions: Recruitment GB and Recruitment Ireland. Recruitment GB provides flexible blue-collar workers across various industries such as supermarkets, logistics, and manufacturing, while Recruitment Ireland offers end-to-end staffing solutions across multiple sectors in Ireland.
YTD Price Performance: -1.07%
Average Trading Volume: 220,776
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £30.97M
For a thorough assessment of STAF stock, go to TipRanks’ Stock Analysis page.