TP Group PLC Possible disposal of Maritime Engineering business (4579L)
13 Gennaio 2021 - 8:00AM
UK Regulatory
TIDMTPG
RNS Number : 4579L
TP Group PLC
13 January 2021
13 January 2021
TP Group plc
("TP Group", "the "Company" or the "Group")
Possible disposal of Maritime Engineering business
TP Group (AIM: TPG), the provider of mission-critical solutions
for a more secure world, notes that it has received expressions of
interest for the Group's Maritime Engineering business (TPG
Maritime Limited) based in Portsmouth, which includes manufacturing
facilities and technologies to support mission-critical equipment
for submarines and other applications. In light of such interest,
the board has appointed advisers to review these opportunities and
consider the strategic options for the Group's engineering
business.
There can be no certainty at this stage that a formal agreement
will be reached, nor as to the terms of any agreement. A further
announcement will be made if and when appropriate.
Any disposal by the Group would be in-line with the Company's
strategy to focus on delivering consulting, digital solutions,
advanced-technology, and bespoke engineering to critical programmes
in the global defence, space and energy sectors.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain .
For further information, please contact:
TP Group plc Tel: 01753 285 810
Phil Cartmell, Chief Executive Officer
Derren Stroud, Chief Financial Officer
www.tpgroup.uk.com
Cenkos Securities plc Tel: 020 7397 8980
Stephen Keys / Mark Connelly / Callum
Davidson
www.cenkos.com
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Charlie Neish
www.vigocomms.com
Notes to Editors
TP Group delivers complex equipment, software and services for
mission-, business- and safety critical applications in defence,
space, intelligence & security and energy sectors. With more
than 400 people in 6 European countries, it serves global customers
through long-term contracts. The Group's shares have been traded on
AIM since July 2001.
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END
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January 13, 2021 02:00 ET (07:00 GMT)
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