Tribal Group PLC Contract Win (7727M)
18 Septiembre 2019 - 1:58AM
UK Regulatory
TIDMTRB
RNS Number : 7727M
Tribal Group PLC
18 September 2019
18(th) September 2019
Tribal Group plc
("Tribal" or "the Group")
Contract Win
Tribal (AIM: TRB), a leading provider of software and services
to the international education market, is pleased to announce new
contract wins with the Department of Education and Knowledge (ADEK)
in Abu Dhabi for Education Services, and Health Education Training
Institute (HETI) in Australia for Student Information Systems.
Today's announcement of Tribal's contract win with ADEK is for
the full inspection of schools against an agreed framework in Abu
Dhabi. The total contract is worth AED28.9m (GBP6.3m) over two
years and work will commence in October this year.
The contract with HETI in Australia is for the implementation of
SITS using Tribal's new SITS Accelerate solution, our more
standardised version of SITS that reduces implementation effort and
enables faster deployment to customers at lower cost. The initial
Software as a Service contract is for three years and is worth
AUD0.5m (GBP0.3m).
Mark Pickett, Chief Executive Officer of Tribal, commented:
"Tribal Group are excited about reigniting the strong
relationship with ADEK. We have worked with ADEK for a number of
years and have had great success in supporting their drive to
provide high quality education. We know we work well with ADEK and
are confident that the relationship will continue to flourish as we
grow and prosper as a company. It is also pleasing to win a new
SITS customer in Australia and we look forward to winning further
SITS Accelerate customers. The Board's financial expectations for
the full year remain unchanged."
END
Tribal Group plc Tel: 0117 311 5293
Mark Pickett, Chief Executive
Officer
Paul Simpson, Acting Chief Financial
Officer
Investec Bank plc Tel: 020 7597 5970
Sara Hale
Andrew Pinder
Will Godfrey
Neil Coleman
N+1 Singer Capital Markets Limited Tel: 020 7496 3000
Shaun Dobson Tel: 020 7353 4200
Tulchan Communications LLP
James Macey White
David Ison
Sophie Duckworth
About Tribal Group plc
Tribal Group plc is a pioneering world-leader of education
software and services. Its portfolio includes Student Information
Systems; a broad range of education services covering quality
assurance, peer review, benchmarking and improvement; and student
surveys that provide the leading global benchmarks for student
experience. Working with Higher Education, Further and Tertiary
Education, schools, Government and State bodies, training providers
and employers, in over 55 countries; Tribal Group's mission is to
empower the world of education with products and services that
underpin student success.
This Statement has been prepared for and is addressed only to
our shareholders as a whole and should not be relied on by any
other party or for any other purpose. Tribal, its directors,
employees, agents or advisers do not accept or assume
responsibility to any other person to whom this Statement is shown
or into whose hands it may come and any such responsibility or
liability is expressly disclaimed. This Statement may contain
forward-looking statements. Any forward-looking statement has been
made by the directors in good faith based on the information
available to them up to the time of approval of this Statement and
should be treated with caution due to the inherent uncertainties,
including both economic and business risk factors, underlying such
forward-looking information. To the extent that this Statement
contains any statement dealing with any time after the date of its
preparation, such statement is merely predictive and speculative as
it relates to events and circumstances which are yet to occur and
therefore the facts stated and views expressed may change. Tribal
undertakes no obligation to update these forward-looking
statements.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCGGUQABUPBUQR
(END) Dow Jones Newswires
September 18, 2019 02:58 ET (06:58 GMT)
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