Malvern International PLC Completion of Disposal (0572Z)
08 January 2020 - 6:00PM
UK Regulatory
TIDMMLVN
RNS Number : 0572Z
Malvern International PLC
08 January 2020
8 January 2020
MALVERN INTERNATIONAL PLC
("Malvern" or the "Company")
Completion of sale of Malaysian business
Further to the announcement on 23 December 2019, Malvern
International plc (AIM: MLVN), the global learning and skills
development partner, is pleased to announce that the sale of its
Malaysian business to AAA Management Science Academy PLT for a
total cash consideration of MYR 400,000 (approximately GBP75,000),
payable over a 13 month period, has duly completed.
Sam Malafeh, CEO of Malvern, said: "We are delighted to have
completed this transaction, as we can now bring greater focus to
growing our UK and Singapore operations."
For further information please
contact:
Malvern International Plc www.malverninternational.com
Dr Sam Malafeh - Chief Executive Via Communications Portfolio
Officer
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Chris Savidge 0207 220 1666
Media enquiries
Communications Portfolio ariane@communications-portfolio.co.uk
Ariane Comstive +44 7785 922 354
Notes to Editors:
Malvern International is a global learning and skills
development partner preparing students and learners to meet the
demands of a professional life. Courses are delivered on sites in
London, Manchester, Singapore, and Malaysia, with the option of
studying across multiple campuses over the duration of the same
course, and online through the Malvern Online Academy.
Courses include:
-- Higher Education: Diploma, University degree and post-graduate programs;
-- Pathway: pre-University programs;
-- Professional: Professional examinations preparation e.g. ACCA, and corporate training;
-- Junior: Tuition services for secondary school students; and
-- Language: English language teaching.
Established in the 1980s and admitted to AIM in 2004, Malvern
employs approximately 250 people and delivers a wide range of
courses. Malvern's growth strategy is driven by organic growth
initiatives complemented by strategic acquisitions.
For further investor information go to
www.malverninternational.com.
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
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