RM plc (RM.) RM plc: Completion of the sale of the RM Integris
and RM Finance Business 31-May-2023 / 10:00 GMT/BST
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31 May 2023
RM plc
Completion of the sale of the RM Integris and RM Finance
Business
RM plc (LSE: RM) ("RM" or the "Company") is pleased to announce
that, further to the Company's announcement on 19 April 2023 that
Shareholders had approved the Sale of RM Integris and RM Finance
Business, the Sale completed earlier today.
In accordance with the terms of the Sale Agreement, the payment
of the Additional Consideration and Deferred Consideration remain
subject to the satisfaction (or waiver, where capable of waiver) of
certain conditions (including, in relation to the Additional
Consideration, CMA clearance).
A further announcement will be made in due course.
For more information, please contact:
Howard Rubenstein
Company Secretary
RM plc
Hrubenstein@rm.com
Important notice
This announcement is for information purposes only and does not
constitute or form part of any offer to issue or sell, or the
solicitation of an offer to acquire, purchase or subscribe for, any
securities in any jurisdiction and should not be relied upon in
connection with any decision to subscribe for or acquire ordinary
shares in the capital of the Company. In particular, this
announcement does not constitute or form part of any offer to issue
or sell, or the solicitation of an offer to acquire, purchase or
subscribe for, any securities in the United States.
This announcement has been issued by, and is the sole
responsibility of, the Company. No person has been authorised to
give any information or to make any representations other than
those contained in this announcement and, if given or made, such
information or representations must not be relied on as having been
authorised by the Company.
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will",
"would" or "should" or, in each case, their negative or other
variations or comparable terminology. These forward-looking
statements include matters that are not historical facts. They
appear in a number of places throughout this announcement and
include statements regarding the directors of the current Company's
intentions, beliefs or expectations concerning, among other things,
the Company's results of operations, financial condition,
liquidity, prospects, growth, strategies and the Company's markets.
By their nature, forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances.
Actual results and developments could differ materially from those
expressed or implied by the forward-looking statements.
Forward-looking statements may and often do differ materially from
actual results. Any forward-looking statements in this announcement
are based on certain factors and assumptions, including the
directors of the Company's current view with respect to future
events and are subject to risks relating to future events and other
risks, uncertainties and assumptions relating to the Company's
operations, results of operations, growth strategy and liquidity.
Whilst the directors of the Company consider these assumptions to
be reasonable based upon information currently available, they may
prove to be incorrect. Save as required by applicable law or the
Listing Rules of the Financial Conduct Authority or the Disclosure
Guidance and Transparency Rules of the Financial Conduct Authority,
the Company undertakes no obligation to release publicly the
results of any revisions to any forward-looking statements in this
announcement that may occur due to any change in the directors of
the Company's expectations or to reflect events or circumstances
after the date of this announcement.
Neither the content of the Company's website nor any website
accessible by hyperlinks to the Company's website is incorporated
in, or forms part of, this announcement.
All references to time in this announcement are to London time
unless otherwise stated.
Capitalised terms used in the Company's circular to shareholders
dated 31 March 2023 shall have the same meanings in this
announcement.
Enquiries:
RM plc
Mark Cook, Chief Executive Officer Tel: +44 (0)1235 401 805
Tarryn Riley, Head of Investor Relations (Interim) investorrelations@rm.com
Headland Consultancy Tel: +44 (0)203 805 4822
Stephen Malthouse smalthouse@headlandconsultancy.com
Chloe Francklin cfrancklin@headlandconsultancy.com
Notes to Editors:
RM plc is a leading supplier to the international education
sector. Established in 1973, RM provides market-leading products
and services to educational institutions, exam bodies and
international governments which improve, simplify and support
education and learning. The education sector is transforming and
assimilating digital solutions, and RM is well positioned to
capitalise on this through its three divisions:
-- RM Resources, an established provider of education resources
for early years, primary schools, andsecondary schools across the
UK and to eighty countries internationally.
-- RM Assessment, a leading provider of assessment software,
supporting exam awarding bodies, universities,and governments
worldwide to digitise their assessment delivery.
-- RM Technology, a market-leading supplier of ICT software,
technology and services to UK schools andcolleges.
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Dissemination of a Regulatory Announcement that contains inside
information in accordance with the Market Abuse Regulation (MAR),
transmitted by EQS Group. The issuer is solely responsible for the
content of this announcement.
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ISIN: GB00BJT0FF39
Category Code: MSCM
TIDM: RM.
LEI Code: 2138005RKUCIEKLXWM61
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 247362
EQS News ID: 1645249
End of Announcement EQS News Service
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May 31, 2023 05:00 ET (09:00 GMT)
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