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.

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.

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April 07, 2020 02:00 ET (06:00 GMT)

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