12 Jul 2022 15:43
RNS Number : 2272S
TP Group PLC
12 July 2022
TP Group plc
("TP Group")
Completion of sale of Sapienza Consulting Holdings BV
Further to the announcement on 26 May 2022, TP Group (AIM: TPG) confirms today, following receipt of regulatory approval from the UK, French and Italian authorities, the successful completion of the sale of Sapienza Consulting Holdings BV to Serco Holdings Ltd (a wholly owned subsidiary of Serco Group plc). On completion 50% (c. £1m) of the net proceeds will now be retained within the business with the balance used to part repay the Group's £7m loan facility with HSBC Bank plc.
TP Group plc | Tel: 01753 285802 |
Derren Stroud, Chief Financial Officer |
|
www.tpgroupglobal.com |
|
|
|
Cenkos Securities plc | Tel: 020 7397 8980 |
Stephen Keys / Mark Connelly / Callum Davidson |
|
www.cenkos.com |
|
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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DISFLFSSDLIFLIF
