Become a Member

Track your favourite stocks
Create & monitor portfolios
Daily portfolio value

Company	Chg	Chg %
Quickpicks
£	%
Add shares to your quickpicks to display them here!

Disposal

1st Apr 2022 07:00

RNS Number : 8530G

TP Group PLC

01 April 2022

TP Group plc

("TP Group", "the "Company" or the "Group")

Sale of Northstar Autonomous Navigation Software

TP Group (AIM: TPG), announces today that, following the strategic review of the Group's consulting and software capabilities in relation to its wider strategy as announced on 1 November 2021, the Board has agreed to sell its Northstar autonomous navigation software to QinetiQ Limited a subsidiary of QinetiQ Group PLC ("QinetiQ") for a cash consideration of c£0.6m (the "Disposal").

The Disposal will result in the Northstar software, and its development team, being transferred to QinetiQ effective 1st April 2022.

TP Group plc	Tel: 01753 285 810
Martyn Ratcliffe, Executive Chairman Derren Stroud, Chief Financial Officer

www.tpgroup.uk.com

Cenkos Securities plc	Tel: 020 7397 8980
Stephen Keys / Mark Connelly / Callum Davidson
www.cenkos.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 [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DISUARBRUUUOOAR

Related Shares:

FTSE 100 Latest

Value8,417.34

Change2.09