TP Group PLC Completion of Disposal (2272S)
12 Julio 2022 - 9:43AM
UK Regulatory
TIDMTPG
RNS Number : 2272S
TP Group PLC
12 July 2022
TP Group plc
("TP Group")
Completion of sale of Sapienza Consulting Holdings BV
Further to the announcement on 26 May 2022, TP Group (AIM: TPG)
confirms today, following receipt of regulatory approval from the
UK, French and Italian authorities, the successful completion of
the sale of Sapienza Consulting Holdings BV to Serco Holdings Ltd
(a wholly owned subsidiary of Serco Group plc). On completion 50%
(c. GBP1m) of the net proceeds will now be retained within the
business with the balance used to part repay the Group's GBP7m loan
facility with HSBC Bank plc.
TP Group plc Tel: 01753 285802
Derren Stroud, Chief Financial Officer
www.tpgroupglobal.com
Cenkos Securities plc Tel: 020 7397 8980
Stephen Keys / Mark Connelly / Callum
Davidson
www.cenkos.com
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July 12, 2022 10:43 ET (14:43 GMT)
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