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(STAF) Staffline Group Share Chat

Discussion in 'General Share Chat (STAF)' started by Inspiration, Jan 27, 2016.

  1. Groucho

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  2. Groucho

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  3. Groucho

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  4. Groucho

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  5. Groucho

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    7 February 2022

    Staffline Group plc

    ("Staffline" or the "Company")


    Investor Presentation


    Staffline (AIM: STAF), the recruitment and training group, announces that following the earnings upgrade announced in the recent trading update, the Company will provide a short presentation and Q&A for investors on the detail in the statement on Wednesday, 9 February 2022 at 2:00 p.m.

    The presentation will be hosted on the Investor Meet Company ("IMC") digital platform and is open to all existing and potential shareholders. Investors can sign up to IMC for free and add to meet Staffline via: https://www.investormeetcompany.com/staffline-group-plc/register-investor

    Investors who have already registered and have added to meet the Company will be automatically invited.
     
  6. Groucho

    Groucho Member

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    9 March 2022

    Staffline Group plc

    ("Staffline" or the "Company")


    Investor Presentation


    Staffline (AIM: STAF), the recruitment and training group, will provide a presentation and Q&A for investors on Wednesday, 23 March 2022 at 2.00 p.m. in relation to the Company's final results for the year-ended 31 December 2021, which will be published on Tuesday, 22 March 2022.

    The presentation will be hosted on the Investor Meet Company ("IMC") digital platform and is open to all existing and potential shareholders. Investors can sign up to IMC for free and add to meet Staffline via: https://www.investormeetcompany.com/staffline-group-plc/register-investor

    Investors who have already registered and have added to meet the Company will be automatically invited.
     
  7. Groucho

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  8. Groucho

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    22 March 2022

    Staffline Group plc

    ("Staffline", the "Company" or the "Group")


    Customer Win

    New long term agreement secured with major automotive manufacturer


    Staffline (AIM: STAF), the recruitment and training group, is pleased to announce that its Recruitment GB division has, subject to contract, successfully secured a long-term agreement with BMW Group (BMW, MINI and Rolls-Royce Motor Cars) to supply the flexible operational workforces and a number of specialist roles for its manufacturing sites in England.

    It is anticipated that the contract will commence in Q2 2022 and BMW Group will become one of Staffline's top 5 clients. Management also believes that this contract, combined with the notable increases in demand that are evident across Staffline's core automotive and automotive supply chain services, will see the Group's activity within this segment return to pre-pandemic levels from H2 2022 onwards.


    Albert Ellis, Chief Executive Officer of Staffline, commented:

    "We are delighted to have secured such a strategically important contract for the Group, not just because we expect BMW to become a key customer, but also as it provides material evidence of resurgence in a sector which historically has been an important growth engine for our business."

    "This win, alongside the strong pipeline of opportunities currently being pursued across the Group, is further evidence of our strategy to leverage our strengthened financial position and continue to expand our operational footprint to grow market share in action and underpins expectations for the year."
     
  9. Groucho

    Groucho Member

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    22 March 2022

    Staffline Group plc


    ("Staffline", the "Company" or the "Group")


    Contract Win


    Datum RPO signs five-year extension with top three customer VINCI


    Staffline (AIM: STAF), the recruitment and training group, is pleased to announce that its Datum Recruitment Process Outsourcing consultancy ("Datum"), which specialises in the management of temporary workers on behalf of third parties, has secured a five-year contract extension with VINCI Construction UK.

    The agreement with VINCI Construction UK, a specialist civil engineering, construction and facilities management company and part of the global VINCI Group, builds on Datum's existing contract, dating back to 2014, to manage VINCI's UK agency labour requirements through Datum's vendor neutral service. This partnership enables VINCI to gain full visibility on its agency spend across all business units and sites, ensuring efficient agency management as well as the legal compliance of VINCI's temporary workforce.

    The contract has been extended for a further five-year period with exclusivity over a pipeline of VINCI's infrastructure projects. VINCI is a top three customer for Datum, who manage all temporary workers on VINCI's behalf across over 100 sites across the UK.


    Albert Ellis, Chief Executive Officer of Staffline, commented:

    "At a time of uncertainty, companies are looking at their strategic partners such as Datum, who provide recruitment outsourcing expertise as part of the broad portfolio of services offered by the Staffline Group. This contract extension reflects the strong working relationship with VINCI and further highlights our ability to leverage our market-leading positions and scale to secure both new agreements alongside broadening our service portfolio with existing blue-chip customers. It also points to encouraging signs of recovery in the construction industry, historically a strong sector for Datum."
     
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  11. Groucho

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    26 May 2022

    Staffline Group plc

    ("Staffline", the "Company" or the "Group")


    AGM Trading Update and Board Changes


    Staffline, the recruitment and training group, is pleased to provide the following trading update ahead of its Annual General Meeting ("AGM") at 9.00am today.


    At the AGM, the following statement will be made:

    "Staffline produced excellent results exceeding expectations for the year to 31 December 2021, successfully delivering on our strategic objectives for a sustained return to growth.

    The Group has made a solid start to 2022 and notwithstanding labour shortages and macro-economic headwinds, trading in the current financial year is in line with expectations. Whilst the Board remains mindful of the potential impact of ongoing macro-economic uncertainty, Staffline's strengths in food production and distribution, the online sector and public sector spend on employability and training, provide the Group with a measure of resilience and revenue visibility.

    The new customer win with BMW Group and the enhanced contract renewal with Vinci Construction, announced on 22 March, are both performing well and will deliver incremental revenues.

    In addition, operating cash flow for the period is in line with expectations, further strengthening the balance sheet, which will underpin future organic growth.

    Accordingly, the Board remains confident in the Group's prospects in the medium-to long-term as we seek to further capitalise on our strengths by growing our market share."


    Board changes

    The Group also announces that Ian Lawson, Non-Executive Chair, has informed the Company of his intention to step down from the Board and as a director of the Company with immediate effect. Tom Spain will assume the role of Interim Chair and Ian Starkey, Independent Non-Executive Audit Chair, will assume the role of the Senior Independent Director.

    Ian Lawson was appointed to the Board in 2020, helping to guide the business through a period of significant challenges, and supporting the Group through its comprehensive restructuring, transformation and successful equity raise in 2021.


    Ian Lawson commented:

    "It has been a privilege to support Staffline both as an exec and non-exec Chair. After a period of operational challenges, the Covid pandemic, and broader global macro-economic headwinds, Staffline has emerged as a truly reinvigorated business. I would like to thank all those at Staffline for their continued hard work and commitment, without which the strengthened balance sheet and robust operating structure we see today would not have been possible. With the Group now in its next phase of growth, it feels like the right time to step aside and allow a new Chair to help guide the business forward."


    Albert Ellis, Chief Executive Officer, commented:

    "We are hugely grateful to Ian for his contribution and dedication to Staffline during his time as Chair of the Board. With Ian's support, Staffline has made significant operational progress across all of its divisions, and continues its growth trajectory with renewed strength and resilience in both its financial position and broader operating structure. On behalf of the Board, I would like to wish him all the very best in his future endeavours."


    As a result of Ian Lawson stepping down from the Board, he will not seek re-election at the Annual General Meeting.

    As the Company's AGM Notice has already been issued, the Company confirms that the resolution to reappoint Ian Lawson as Chair of the Company (Resolution 5) is now withdrawn. The withdrawal of Resolution 5 does not otherwise affect the validity of the Notice of Meeting, or any proxy votes already submitted on other proposed resolutions. The numbering of all other proposed resolutions at the AGM will remain unchanged.
     
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