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Impellam Group plc - Lord Ashcroft Transfers Shares

Impellam Group plc - Lord Ashcroft Transfers Shares

Impellam has today been notified that, following a transfer of an indirect interest in the Company, Lord Ashcroft no longer has a beneficial interest in 25,745,349 ordinary shares of 1p each in the Company. These shares represented the whole of his beneficial interest in the Company.

The transfer of this indirect interest has been made to the Lombard Trust (the "Trust") which now has a beneficial interest in 25,745,349 ordinary shares of 1p each in the Company representing its entire interest in the Company. The shares represent approximately 57.21% of the Company's issued share capital. The beneficiaries of the trust are Lord Ashcroft's children and remoter issue.

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