Completion of Disposal

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 £75,000), 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 Officer		Via Communications Portfolio
WH Ireland (NOMAD & Broker)		www.whirelandcb.com
Mike Coe / Chris Savidge		0207 220 1666
Media enquiries
Communications Portfolio	[e-mail]
Ariane Comstive	[phone]

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.

 

END

 

 

DISUBABRRNUARAR