13 Mar 2020 07:00
13th March 2020
Tribal Group plc
("Tribal" or the "Group")
Tribal (AIM: TRB), a leading provider of software and services to the international education management market, today announces the following.
Following the previous announcement that Tribal Group has resolved its dispute with its software platform provider, the Group announces that it has signed a settlement agreement for payment of the agreed amount of £8.9m for full and final settlement of past royalty disagreements, which will be paid from our existing cash resources. We have also entered into a new 10 year VAR agreement, with effect from 1 January 2020. This provides a platform from which we can develop new modules and enhanced functionality.
For further information please contact:
Tribal Group plc | Tel: 0117 313 6371 |
Mark Pickett, Chief Executive Officer Richard Last, Chairman | |
Investec Bank plc | Tel: 020 7597 5970 |
Sara Hale | |
William Godfrey | |
N+1 Singer Capital Markets Limited | Tel: 0207 496 3000 |
Shaun Dobson | |
Tulchan Communications LLP | Tel: 0207 353 4200 |
James Macey White | |
Matt Lowe | |
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.
Tribal Grp. (TRB)