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Financial Reports

IN BRIEF: Staffline in fundraise and debt refinance to fix shortfall

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Staffline Group PLC - Nottingham-based recruitment firm - Plans to raise GBP44 million via placing of 87.2 million shares and direct subscription of 750,000 shares, both priced at 50 pence per share. Also plans to launch open offer to raise up to further GBP4.4 million. Is carrying out a refinancing of debt facilities, which is inter-conditional with the fundraise.