REG - RTC Group PLC - Transaction in Own Shares

RTCAnnouncement

14/04/2025 16:30

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RNS Number : 9637E  RTC Group PLC  14 April 2025

This announcement contains inside information as stipulated under The Market
Abuse Regulation (EU No. 596/2014).

 

14 April 2025

RTC Group Plc

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

Transaction in Own Shares

 

The Company announces that pursuant to the general authority granted by
shareholders of the Company on 5 June 2024 to make market acquisitions of its
own shares, it has repurchased 1,063,699 ordinary shares of 1p each in the
capital of the Company ("Ordinary Shares"). The Ordinary Shares were acquired
through SI Capital Limited on the AIM market at an average price of 80.0
pence, representing a discount of 13.51 per cent to the closing price per
existing ordinary share on 11 April 2025, being the last practicable date
prior to this announcement (the "Share Purchase"). This represents
approximately 7.81 per cent of the Company's current issued Shares. The
Company intends to cancel the purchased shares and does not intend to hold any
of the purchased shares in treasury.

Related Party Transaction

The Company purchased these shares from Chelverton Asset Management who owned
approximately 10.11 per cent of the Company's Issued Share Capital prior to
the Share Purchase. As Chelverton Asset Management was a substantial
shareholder, this transaction is therefore considered to be a related party
transaction for the purposes of the AIM Rules.

The Independent Directors, being Andy Pendlebury, Sarah Dye, Paul Crompton,
Nick Spoliar and Wayne Thornhill, consider having consulted with Spark
Advisory Partners, the Company's nominated adviser, that the terms of the
Share Buyback and Cancellation are fair and reasonable in so far as
Shareholders are concerned.

Total Voting Rights

Following the Share repurchase, the total issued share capital of the Company
will consist of 12,549,198 Ordinary Shares.  As each ordinary share carries
the right to one vote, the total number of voting rights in the Company will
be 12,549,198.  This number may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the FCA's Disclosure and Transparency Rules.

 

Enquiries:

  RTC Group plc                                                               Tel: 0133 286 1835

 Andy Pendlebury, Executive Chairman and Chief Executive

 www.rtcgroupplc.co.uk (http://www.rtcgroupplc.co.uk/)
  SPARK Advisory Partners Limited (Nominated Adviser)                        Tel:  0203 368 3550

  Matt Davis / Mark Brady

   www.Sparkadvisorypartners.com (http://www.sparkadvisorypartners.com/)

   SI Capital Limited (Broker)                                                Tel: 01483 413500

  Nick Emerson

  Sam Lomanto

  www.sicapital.co.uk

About RTC

RTC Group Plc is an AIM listed recruitment business that focuses on white and
blue-collar recruitment, providing temporary and permanent labour to a broad
range of industries and customers, in both domestic and international markets,
through its geographically defined operating divisions.

UK division

Through its Ganymede and ATA brands the Group provides a wide range of
recruitment services in the UK.

Ganymede specialises in recruiting the best technical and engineering talent
and providing complete workforce solutions to help build and maintain
infrastructure and transportation for a wide range of UK customers. Ganymede
is a market leader in providing a diverse range of people solutions to the
rail, energy, construction, highways, and transportation sectors. With offices
strategically located across the country, Ganymede provides its customers with
the benefit of a national network of skilled personnel combined with local
expertise.

Ganymede tailors its solutions to suit its customers' needs. Whether it is
recruiting permanent and temporary technical, engineering and safety-critical
roles or providing fully managed workforce solutions of recruitment, training,
account management, contingent labour and fleet provision, Ganymede works
closely with its customers to understand their requirements, keeping their
goals in mind every step of the way.

ATA provides high-quality technical recruitment solutions to the
manufacturing, engineering, and technology sectors. Working as an engineering
recruitment partner supporting businesses across the UK, ATA has a strong
track record of attracting and recruiting the best engineering talent for its
customers. ATA's regional offices which are strategically located in Leicester
and Leeds each have dedicated market experts to ensure ATA delivers excellence
to both its customers and candidates.

The Group headquarters are located at the Derby Conference Centre which also
provides office accommodation for its operating divisions in addition to
generating rental and conferencing income from space not utilised by the
Group.

International division

Internationally, through our GSS brand we work with customers across the globe
that are focused on delivering projects in a variety of sectors. GSS has a
track record of delivery in some of the world's most hostile locations.
Working closely with its customers GSS provides contract and permanent
staffing solutions on an international basis, providing key personnel into new
projects and supporting ongoing large-scale project staffing needs. GSS
typically recruits across a range of disciplines and skills from operators and
supervisors, through to senior management level.

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