INCE.L Regulatory News (INCE)

13 Jun 2007 12:14

Work Group plc13 June 2007 13 June 2007 WORK GROUP PLC A leading HR consulting services provider AGM statement Work Group plc, the AIM listed HR consulting services company, announces that atits Annual General Meeting held earlier today, all the proposed resolutions wereduly passed. Simon Howard, Executive Chairman of Work Group, commented: "Work Group continues to make real progress and we are pleased that all theresolutions were passed and in particular that the company will be paying itsfirst dividend. In our preliminary results announcement in March we stated our intention toestablish an office in New York and I am pleased to report that this has nowopened. Part of the rationale for this development was that it would supportexisting client relationships and, in particular, a global campus marketingcontract. In the course of 2007 the Company has won two further global contractsand, without doubt, our presence in New York aided our competitive offering forthese new clients. In line with our 2007 plans we have increased our investment in sales andbusiness development activities, expanding both our telemarketing operation andthe number of senior front line business developers. Although it is still earlydays, we are optimistic that some of the new business opportunities created willconvert to additional income later in 2007. We continue to look for acquisitions that would augment our existing activitiesand add value for shareholders, focusing principally on companies that wouldextend our reach by offering related services to employers. We are constantly indialogue with a range of prospects and remain committed to building the Companyboth organically and acquisitively. Work Group intends to publish a trading update in July prior to entering itsclose period ahead of its half year results, expected to be announced on 25September 2007. www.workgroup.plc.uk Further enquiries: Work Group Tel: +44 (0)20 7492 0000Simon Howard, Executive ChairmanMichael Warren, Finance Director Altium Tel: +44 (0)20 7484 4040Garry LevinTim Richardson About Work Group Work Group offers a range of HR Consulting Services which enable employers towin the war for talent. It focuses on providing services in "talent acquisitionand talent development" which enable employers to more effectively recruit andretain key staff. Work Group's approach is to help employers reduce their traditional reliance onthird-party recruiters such as head-hunters and recruitment firms throughhelping them establish and maintain a direct relationship between employer andprospective employee. It also helps employers reduce attrition costs throughbetter people development and retention of key talent. Work Group currently operates through three divisions; Executive Research,Employer Marketing and Recruitment Process Outsourcing and provides servicesfrom its six locations in the UK and an office in New York. This information is provided by RNS The company news service from the London Stock Exchange