Source - LSE Regulatory
RNS Number : 0182G
Tribal Group PLC
13 March 2020
 

13th 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 £8.9m 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.

 

 


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