Regulatory News

 

Notification of Major Interests in Shares
03.08.2011

Servoca, the AIM listed specialist outsourcing and recruitment solutions provider, received notification today that on 1 August 2011 Groundlinks Limited purchased 3 million Ordinary Shares in the Company at a price of 5 pence per share. Following this transaction, Groundlinks Limited has an interest in the Company of 6,109,164 shares which is equal to 4.86% of the total voting rights in the Company.

Groundlinks Limited is considered to be included in a concert party under the influence of ALR Morton, Chairman of the Company. The concert party comprises Southwind Limited, Hawk Investment Holdings Limited, Retro Grand Limited, Seraffina Holdings Limited and Groundlinks Limited which together held 52.2% prior to this transaction. Following the above purchase, the concert party now holds 54.60% of total voting rights in the Company.

Director's Interests in Shares
02.08.2011

Servoca, the AIM listed specialist outsourcing and recruitment solutions provider, announces that, on 1 August 2011 it was notified that on that day, John Foley, a non-executive Director of the Company, purchased 500,000 ordinary 1 pence shares in the Company ("Ordinary Shares") at a price of 5 pence per share.

Following this transaction, John Foley has a beneficial interest in 4,860,000 Ordinary Shares of the Company (representing approximately 3.87% of the existing issued share capital of the Company).

Acquisition of minority interest in subsidiary undertaking
06.05.2011

Servoca, the AIM listed specialist outsourcing and recruitment solutions provider, is pleased to announce that it has acquired the minority interest in its subsidiary undertaking, Triple West Medical Limited (“Triple West”), for an aggregate sum of £492,392, comprising both shares and cash.

Triple West was established in January 2008 as a specialist Doctors Recruitment Agency sourcing for locum and permanent positions in both the NHS and Private Sectors. In accordance with the terms of the Shareholders’ Agreement, the consideration has been satisfied by the issue of 2,984,194 new Ordinary Shares in the Company and the payment of £246,196 in cash.

Application has been made to the London Stock Exchange for the new Ordinary Shares issued pursuant to the settlement of the consideration to be admitted to trading on AIM and admission is expected on 9 May 2011.

Following the issue and allotment of the new Ordinary Shares, the total enlarged issued ordinary share capital of the Company will be 125,575,953 shares of 1p each. The Company holds no shares in Treasury; therefore the total number of voting rights will be 125,575,953. This figure may be used by shareholders in determining whether they are required to notify their interest in, or a change to their interest in the Company under the Disclosure and Transparency Rules.

As previously announced, the Company will announce its interim results to 31 March 2011 in mid June.

RETURN TO LATEST NEWS   Year 2008   Appointment of Director   Trading Update and Board Change   Retirement of Director   Directors Shareholding   Granting of Options   Interim Results   AGM and trading update   Acquisition of Education Business   Notice of AGM   Placing to raise £1.9m   Annual Report   Acquisition of Education Business   Year 2007   Total Voting Rights   Acquisition of Security Businesses and Appointment of Director   Acquisition of recruitment business   Announcement on acquisition talks   Final Results   Company website   Acquisition   Change of Adviser   Change of Adviser   Change of Registered Office   Result of EGM   Acquisition of Dream Group   Restoration of Trading on AIM