tiprankstipranks
Company Announcements

Staffline Group PLC Maintains Shareholding Stability Amid Portfolio Adjustments

Story Highlights
  • Staffline Group PLC’s Henry Spain Investment Services sold and repurchased 46,400 shares.
  • The transaction leaves Henry Spain’s stake unchanged at 24.06% of the company’s shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Staffline Group PLC Maintains Shareholding Stability Amid Portfolio Adjustments

Staffline ( (GB:STAF) ) has provided an update.

Staffline Group PLC announced that Henry Spain Investment Services Limited, associated with Thomas Spain, the company’s Non-Executive Director and Chairman, has executed a sale and repurchase of 46,400 ordinary shares at £0.317 each. This transaction, made to adjust individual client portfolios, leaves Henry Spain Investment Services Limited’s stake in the company unchanged at 24.06% of the issued ordinary share capital. This move reflects a strategic portfolio adjustment without altering the overall ownership structure, ensuring stability in the company’s shareholder base.

More about Staffline

Staffline Group PLC is a leading UK recruitment group with two primary divisions: Recruitment GB and Recruitment Ireland. Recruitment GB provides flexible blue-collar workers across various industries such as supermarkets, logistics, and manufacturing, supplying approximately 35,000 staff daily from around 400 sites. Recruitment Ireland offers end-to-end staffing solutions across multiple sectors, supplying around 4,500 staff daily and providing RPO, MSP, temporary, and permanent solutions throughout Ireland.

YTD Price Performance: 41.03%

Average Trading Volume: 254,405

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £44.15M

For an in-depth examination of STAF stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1