1 3,058,104 of PeopleIN ordinary shares will be issued from existing LR 7.1 capacity, at an issue price of $3.27, being the Volume Weighted Average Price for PeopleIN shares in the 10 consecutive trading days prior to Execution. The shares are subject to voluntary escrow for six months after Completion.
About
only
▶ National leader in Workforce Solutions under the PALM
Scheme
▶ Provides ~4,500 workers to the food and agricultural sector
▶ FIP workers are employed on 3 - 4 year fixed term basis and
use
assigned directly to a host employer for the duration of
their visa, providing host employers a certain and stable
workforce solution
ersonal
3
Transaction Rationale
▶
At scale international staffing solution engine room to be leveraged by our
only▶
defensive growth sectors including food services, healthcare,
manufacturing and aged care.
Participation in the growing PALM Scheme will help solve critical labour
shortages for our clients
▶
Last year DFAT declared up to 55,000 Pacific Islander and Timorese
use
workers were ready to take up work in regional Australia
unskilled, low-skilled or semi-skilled positions for
seasonal placements up to 9 months or longer-
term placements of between one and 4 years.
▶
The Scheme provides PALM workers the
ersonal
opportunity to develop their skills and send
income home to support their families and
communities
For further information on the PALM Scheme please refer to www.palmscheme.gov.au
be extraordinary
Number of PALM workers
2020 2021 2022
5
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People Infrastructure Ltd. published this content on 02 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 23:21:03 UTC.
PeopleIn Limited is a talent solutions company. The principal activities of the Company include provision of workforce management, contracted staffing, recruitment and human resources outsourcing services. The various services provided by the Company include recruiting, on-boarding, contracting, rostering, timesheet management, payroll, and workplace health and safety management. Its segments include Industrial and Specialist Services, Professional Services, and Health and Community. Industrial and Specialist Services segment provide industrial talent solutions to small, medium, and large businesses across a diverse range of sectors including food processing, infrastructure, construction, transport, resources, renewables and hospitality. Professional Services segment include includes staffing service businesses Halcyon Knights and the Perigon Group. Health and Community segment provide staff to hospitals, aged care, disability, mental health and child protection services.
PEOPLEIN LIMITED 
