Acquisition of The IT Recruitment Network Ltd
05 January 2010
5 January 2010
Network Group Holdings plc
("NGH" or the "Company")
Acquisition
of The IT Recruitment Network Ltd
The Company is pleased to announce that on 31 December
2009 it acquired 100 per cent. of the IT Recruitment Network Limited
("ITRN") from Pertemps Investments Limited ("PIL") for £1.
ITRN was formed in April 2008 and is based
in Solihull. The business provides both temporary and permanent
recruitment, operating in the sector of Information technology. For the
eight month period ended 31 December 2008 ITRN had turnover of £56,000 and as
at 31 December 2008 had gross assets of £98,000.
Holdings
in Company
The Company announces that it was notified on 4 January 2010 that on 31 December 2009 the following directors, or persons connected to the following directors of the Company acquired shares in the Company:
|
|
No. of shares acquired
|
Purchase price
(pence per share)
|
|
John E Smith
|
200,000
|
10
|
|
Spencer Jones
|
100,000
|
10
|
|
Paul Davis
|
100,000
|
10
|
|
Nigel Dudley
(see note 1)
|
100,000
|
10
|
|
David Waller
(see note 2)
|
50,000
|
10
|
|
John James
(see note 1)
|
50,000
|
10
|
Note 1 - shares acquired by the wife of the director
Note 2 - shares acquired by Delaware Investments Limited, a company controlled by the director
On the same date Jonathan D Smith, executive director of the company, sold 605,000 ordinary shares at a price of 10 pence per share.
Following this transaction, the notifiable holdings of the directors are as follows
|
|
No. of ordinary shares
|
%
|
|
Jonathan D Smith
|
4,358,068
|
6.17
|
|
John E Smith
|
3,536,560
|
5.01
|
|
Spencer Jones
|
119,039
|
0.17
|
|
Paul Davis
|
100,000
|
0.14
|
|
Nigel Dudley
|
111,424
|
0.16
|
|
David Waller
|
50,000
|
0.07
|
|
John James
|
60,000
|
0.08
|
For further information please contact:
|
Network Group Holdings plc
Spencer Jones
www.networkgroupholdings.co.uk
|
01676 525 000
|
|
Nominated Adviser
Arden Partners plc
Steve Douglas
|
0121 423 8943
|
This information is provided by RNS
The company news service from the London Stock Exchange
Published : 04/02/2010 12:51:01