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UK – Work Group Pre Close Update

07 February 2014

Work Group plc (AIM: WORK) announced, ahead of its close period, that at 31 December 2013 net cash was £1.3 million and that the Company continued to have no debt.  

During the period, and following a strategic review, the Company disposed of Armstrong Craven as reported in June to Isis Equity Partners. This allows “resources to be focused on the remaining Work businesses, and significantly reducing the Company's cost base” according to the company.

According to the Work Group website, the company provides talent mapping and recruitment process management through to campus marketing and alumni relations.Today, Work Group PLC traded at £8.50, -10.53% below its 52-week high of £9.50, set on 28 June 2013. This means the company is valued at £2.38 million.

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