We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tribal Group Plc | LSE:TRB | London | Ordinary Share | GB0030181522 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.75 | -1.42% | 52.00 | 52.50 | 54.00 | 52.00 | 52.00 | 52.00 | 4 | 08:35:41 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Business Consulting Svcs,nec | 83.59M | -510k | -0.0024 | -216.67 | 110.36M |
From Apr 2019 to Apr 2024
TIDMTRB
RNS Number : 0716O
Tribal Group PLC
25 January 2019
25 January 2019
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.
Further to the business update which the Group provided yesterday and the reference in that announcement to a potential claim, the Group has yesterday evening received a letter of claim from lawyers acting for a provider of a software platform on which a number of the Company's material products are based. The letter claims that Tribal Education Limited has failed to account properly for royalties under the terms of a Value Added Reseller Agreement dated 1 April 2000 and has breached the terms of that agreement. Whilst no specific amount is claimed the letter of claim estimates the losses at between GBP15 million and GBP30 million. These claims date back over a period of more than 18 years during which the Group has regularly made royalty payments and the Board does not consider the claims to be justified. The Board intends to defend these claims vigorously.
Ends
For further information please contact:
Tribal Group plc Tel: 0117 313 6371 Richard Last, Executive Chairman Mark Pickett, Acting Chief Executive & Chief Financial Officer Investec Bank plc Tel: 020 7597 5970 Sara Hale Andrew Pinder William Godfrey N+1 Singer Capital Markets Limited Tel: 0207 496 3000 Shaun Dobson Tulchan Communications LLP Tel: 0207 353 4200 James Macey White David Ison
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.
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.
END
MSCUSOURKWAAUUR
(END) Dow Jones Newswires
January 25, 2019 02:00 ET (07:00 GMT)
1 Year Tribal Chart |
1 Month Tribal Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
