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Disposal

1 Apr 2022 07:00

RNS Number : 8530G

TP Group PLC

01 April 2022

TP Group plc

("TP Group", "the "Company" or the "Group")

Sale of Northstar Autonomous Navigation Software

TP Group (AIM: TPG), announces today that, following the strategic review of the Group's consulting and software capabilities in relation to its wider strategy as announced on 1 November 2021, the Board has agreed to sell its Northstar autonomous navigation software to QinetiQ Limited a subsidiary of QinetiQ Group PLC ("QinetiQ") for a cash consideration of c£0.6m (the "Disposal").

The Disposal will result in the Northstar software, and its development team, being transferred to QinetiQ effective 1st April 2022.

TP Group plc	Tel: 01753 285 810
Martyn Ratcliffe, Executive Chairman 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

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END

DISUARBRUUUOOAR

Date		Source	Headline
28th Apr 2008	5:40 pm	RNS	Result of AGM
9th Apr 2008	2:33 pm	RNS	Holding(s) in Company
3rd Apr 2008	12:30 pm	RNS	Issue of Equity
26th Mar 2008	7:01 am	RNS	Directorate Changes
5th Mar 2008	2:11 pm	RNS	Holding(s) in Company
5th Mar 2008	10:32 am	RNS	Issue of Equity
22nd Feb 2008	11:15 am	RNS	Issue of Equity
21st Feb 2008	2:51 pm	RNS	Holding(s) in Company
19th Feb 2008	7:00 am	RNS	Preliminary Results
21st Jan 2008	4:09 pm	RNS	Notice of Results
28th Dec 2007	2:48 pm	RNS	Director/PDMR Shareholding
12th Dec 2007	10:06 am	RNS	Issue of Equity
11th Dec 2007	3:33 pm	RNS	Holding(s) in Company
15th Nov 2007	4:34 pm	RNS	Issue of Equity
7th Nov 2007	12:11 pm	RNS	Director/PDMR Shareholding
6th Nov 2007	11:19 am	RNS	Issue of Equity
30th Oct 2007	12:00 pm	RNS	Holding(s) in Company
26th Oct 2007	1:42 pm	RNS	Holding(s) in Company
23rd Oct 2007	9:48 am	RNS	Holding(s) in Company
18th Oct 2007	7:01 am	RNS	DGC Flow Loop Update
1st Oct 2007	5:07 pm	RNS	Holding(s) in Company
21st Sep 2007	7:01 am	RNS	Interim Results
14th Sep 2007	7:00 am	RNS	Change of Adviser
17th Aug 2007	6:04 pm	RNS	AIM Rule 26
10th Jul 2007	3:56 pm	RNS	Notice of Results
20th Jun 2007	6:25 pm	RNS	Holding(s) in Company
20th Jun 2007	6:22 pm	RNS	Holding(s) in Company
24th Apr 2007	5:09 pm	RNS	AGM Statement
12th Apr 2007	9:36 am	RNS	Director/PDMR Shareholding
9th Mar 2007	9:17 am	RNS	New Order Win
9th Mar 2007	7:01 am	RNS	Preliminary Results
1st Feb 2007	7:01 am	RNS	Gas Seals Agreement
8th Jan 2007	12:34 pm	RNS	Exercise of Options
8th Jan 2007	12:23 pm	RNS	Notice of Results
2nd Jan 2007	7:01 am	RNS	Contract Win
21st Dec 2006	4:45 pm	RNS	Board Change
20th Dec 2006	11:37 am	RNS	Voting Rights and Capital
7th Dec 2006	3:45 pm	RNS	R&D Tax Credits
19th Sep 2006	7:01 am	RNS	DTI Grant and First Shipment
19th Sep 2006	7:01 am	RNS	Interim Results
7th Sep 2006	7:03 am	RNS	Contract with Advantica
25th Aug 2006	8:49 am	RNS	Notice of Results
9th May 2006	10:47 am	RNS	Holding(s) in Company
2nd May 2006	5:19 pm	RNS	Result of AGM
27th Apr 2006	10:00 am	RNS	Issue of Equity
24th Apr 2006	10:04 am	RNS	Directorate Change
11th Apr 2006	7:00 am	RNS	Grant of Options
3rd Apr 2006	7:01 am	RNS	Directorate Change
29th Mar 2006	7:02 am	RNS	Final Results
6th Mar 2006	10:27 am	RNS	Notice of Results

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