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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(END) Dow Jones Newswires

July 12, 2022 10:43 ET (14:43 GMT)

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