Prime People plc’s Capital Reduction And Return To Shareholders

Charles Russell Speechlys advised AIM listed Prime People plc on its capital reduction and return of capital to shareholders.

The reduction meant the cancellation of part of the amount standing to the credit of the Company’s share premium account and the subsequent return of capital to shareholders.

The transaction required Prime People plc to gain shareholder and then court approval. The transaction enabled them to return capital amounting to c.16% of the share price (before the publication of the circular was announced) to shareholders.

Prime People PLC is a global group of specialist recruitment businesses headquartered in the UK with offices in London, Manchester, Hong Kong, Singapore, Dubai, Johannesburg and Frankfurt. The group companies recruit professional and technical staff working in the Real Estate & Built Environment; Energy & Environmental and Technology; and Digital & Data Analytics sectors.

The Charles Russell Speechlys team was led by Partner Andrew Collins (Picture) assisted by Associate Catherine Heath.

Involved fees earner: Andrew Collins – Charles Russell Speechlys; Catherine Heath – Charles Russell Speechlys;

Law Firms: Charles Russell Speechlys;

Clients: Prime People;