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End of Offer Period

26th May 2011 07:00

RNS Number : 3110H
Tribal Group PLC
26 May 2011
 



FOR IMMEDIATE RELEASE 26 May 2011

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

 

 

Tribal Group plc

 

End of Offer Period

 

The Board of Tribal Group plc ("Tribal" or the "Company") announces that it is no longer in discussions with any party regarding a potential offer for the Company and has received confirmations from each party with whom it was in discussions that they are no longer considering an offer for the Company. Accordingly, Tribal no longer remains in an offer period under the City Code on Takeovers and Mergers.

 

John Ormerod, Chairman of Tribal, commented:

 

"It is in the best interests of the Company that the uncertainty surrounding its future ownership has now been brought to an end. It is to management's and our employees' credit that during this period of uncertainty Tribal has been successfully transformed into a focused Education business, which has continued to grow and has maintained good levels of profitability. Tribal is today on a sound financial footing and has good growth prospects, underpinned by high levels of committed income and a strong sales pipeline."

 

 

 

ENQUIRIES:

 

Tribal Group plc

Tel: 020 7323 7100

John Ormerod, Chairman

Keith Evans, Chief Operating Officer

Stephen Breach, Group Finance Director

Weber Shandwick Financial

Tel: 020 7067 0700

Nick Oborne/ Stephanie Badjonat

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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