Tribal Group PLC Resolution of Dispute with Platfrom Provider (0182G)
13 Marzo 2020 - 1:00AM
UK Regulatory
TIDMTRB
RNS Number : 0182G
Tribal Group PLC
13 March 2020
13(th) March 2020
Tribal Group plc
("Tribal" or the "Group")
Tribal (AIM: TRB), a leading provider of software and services
to the international education management market, today announces
the following.
Following the previous announcement that Tribal Group has
resolved its dispute with its software platform provider, the Group
announces that it has signed a settlement agreement for payment of
the agreed amount of GBP8.9m for full and final settlement of past
royalty disagreements, which will be paid from our existing cash
resources. We have also entered into a new 10 year VAR agreement,
with effect from 1 January 2020. This provides a platform from
which we can develop new modules and enhanced functionality.
For further information please contact:
Tribal Group plc Tel: 0117 313 6371
Mark Pickett, Chief Executive Officer
Richard Last, Chairman
Investec Bank plc Tel: 020 7597 5970
Sara Hale
William Godfrey
N+1 Singer Capital Markets Limited Tel: 0207 496 3000
Shaun Dobson
Tulchan Communications LLP Tel: 0207 353 4200
James Macey White
Matt Lowe
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 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
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