2022 General Meeting

RNS Number : 9945M

Tribal Group PLC

26 May 2022

 

26 May 2022

Tribal Group plc

("Tribal" or the "Company")

2022 General Meeting

The Company has today published and circulated to shareholders a notice of General Meeting of the Company ("GM") and related explanatory circular. The notice, which is contained in the circular, convenes a GM of the Company at the offices of Investec, 30 Gresham St, London EC2V 7QP (Room 616) on 22 June 2022 at 8.30am.

The Notice of GM is available on the Company's website www.tribalgroup.com .

The Company is holding the GM to pass an ordinary resolution to declare the final dividend of 1.3p. The dividend timetable remains unchanged to that announced within the Final Results released in March 2022.

This has become necessary as t he board of directors of the Company has become aware that the distributable profits as determined by reference to the annual accounts for the year ended 31 December 2021 were not sufficient to justify the final dividend declared by resolution 2 passed at the Annual General Meeting, and the interim accounts had not been filed at Companies House, accordingly the distribution of at least a part of such dividend would not be in accordance with the Companies Act 2006. The Company has since prepared and filed interim accounts by reference to which payment of a final dividend of 1.3p per ordinary share can be justified.

The Company is also seeking the approval of a special resolution to approve the cancellation of the Company's share premium account, which amount shall then be credited to the Company's distributable reserves and facilitate possible future dividend payments.

The issue is of an historic nature and there is no change to the financial outlook of the Company as a consequence of this technical matter. No other distribution made in the financial year has been affected and no fines or other penalties have been incurred by the Company. The Company's past accounts will not need to be restated.

Enquiries:

Tribal Group plc	Tel: [phone]
Mark Pickett, Chief Executive Officer    Diane McIntyre, Chief Financial Officer
Investec Bank plc  (NOMAD & Joint Broker)	Tel: [phone]
Sara Hale, Virginia Bull, Will Godfrey
Singer Capital Markets Limited  (Joint Broker)	Tel: [phone]
Shaun Dobson, Tom Salvesen, Alex Bond
Alma PR	Tel: [phone]
Caroline Forde, Hannah Campbell

About Tribal Group plc

Tribal Group plc is a pioneering world-leader of education software and services. Its portfolio includes Student Information Systems; a broad range of education services covering quality assurance, peer review, benchmarking and improvement; and student surveys that provide the leading global benchmarks for student experience. Working with Higher Education, Further and Tertiary Education, schools, Government and State bodies, training providers and employers, in over 55 countries; Tribal Group's mission is to empower the world of education with products and services that underpin student success.

 

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