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Completion of Disposal

12th 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
www.tpgroupglobal.com

Cenkos Securities plc	Tel: 020 7397 8980
Stephen Keys / Mark Connelly / Callum Davidson
www.cenkos.com

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