Kellan commences acquisition-fuelling share placement
12 August 2013
A general meeting of staffing group Kellan on Friday (9 August) saw shareholders confirm the acceptance of a funding offer and share issue that will allow the firm to consider possible acquisitions.
Mon, 12 Aug 2013A general meeting of staffing group Kellan on Friday (9 August) saw shareholders confirm the acceptance of a funding offer and share issue that will allow the firm to consider possible acquisitions.
Issuing of 120m shares, part of a funding proposal by Kellan’s biggest shareholder Paul Bell, was approved by directors last month. Friday’s meeting saw all resolutions approved.
As previously reported by Recruiter, Kellan chair Tony Reeve believes the investment “places the group in a strong position for the future and enables us to consider appropriately-funded acquisitions to take the group forward”.
Trading in the new shares is expected to commence next Monday, 19 August.
Issuing of 120m shares, part of a funding proposal by Kellan’s biggest shareholder Paul Bell, was approved by directors last month. Friday’s meeting saw all resolutions approved.
As previously reported by Recruiter, Kellan chair Tony Reeve believes the investment “places the group in a strong position for the future and enables us to consider appropriately-funded acquisitions to take the group forward”.
Trading in the new shares is expected to commence next Monday, 19 August.
