Tribal Group PLC Update on AGM date and payment of FY19 dividend (9783I)
07 Abril 2020 - 01:00AM
UK Regulatory
TIDMTRB
RNS Number : 9783I
Tribal Group PLC
07 April 2020
7 April 2020
Tribal Group plc
("Tribal", the "Company" or the "Group")
AGM date / Update on payment of 2019 final dividend
Tribal, a leading provider of software and services to the
international education management market, announces that the Board
has revised the date for the Annual General Meeting (AGM) which
will now take place on 24 June 2020. Further details will be
circulated in due course and posted on the Company's website.
In order to help us to serve the needs of the business through
the extraordinary challenges presented by Coronavirus (COVID-19),
management have implemented significant cash and cost-saving
measures which materially impact all staff. As a result, the Board
no longer considers it appropriate to pay the final 2019 dividend
in relation to ordinary shares, which was expected to be paid in
July. Accordingly, the resolution in relation to the declaration of
this dividend will not be put forward at the AGM. Through retaining
this distribution, GBP2.5m of cash will remain in the business and
further strengthen the balance sheet.
The Group remains well-capitalised, with a strong balance sheet
and GBP10m of committed loan facilities in place.
Enquiries:
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
Virginia Bull
Will Godfrey
N+1 Singer Capital Markets Limited Tel: 020 7496 3000
Shaun Dobson
Tel: 020 7353 4200
Tulchan Communications LLP
James Macey White
Matt Low
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.
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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