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 |
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www.tpgroupglobal.com |
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Cenkos Securities plc | Tel: 020 7397 8980 |
Stephen Keys / Mark Connelly / Callum Davidson |
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www.cenkos.com |
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TPG.L (TPG)