Rm Regulatory News (RM.)

9 Dec 2009 07:00



9 December 2009

RM confirms financial close of Salford and Wigan BSF contract 

RM confirms that it has reached financial close for a contract to provide managed ICT services to schools to the Salford and Wigan BSF (Building Schools for the Future) programme. RM previously announced on 15 June that it had been appointed as selected bidder for the project as part of the Hochtief-led Transforming Learning Partnerships (TLP) consortium.

The first stage of the programme, which addresses schools in Salford, is expected to be worth up to £26m to RM over the next five years.

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Notes:

The RM Group is a leading provider of educational solutions that help teachers to teach and learners to learn. RM works closely with educationalists to create new products, processes and technology which improve education. RM is listed on the main market of the London Stock Exchange under the symbol RM.L, ISIN GB0002870417. Further details are available at ww.rm.com/investors and through the Group's investor blog at rminvestors.wordpress.com

BSF is the largest single schools capital investment programme for over 50 years. BSF will provide world-class teaching and learning environments for all teachers, pupils and communities in England. A key part of the initiative is to ensure that local authorities develop a sustainable area-wide ICT strategy for schools in line with the Government's personalised learning agenda: 10% of the funding is ring-fenced for ICT.