Tribal Group PLC
25 April 2002
Tribal Group plc ('Tribal Group' or the 'Company')
Trading statement for the 12 months ended 31 March 2002, contract wins and new
banking facilities
The board of Tribal Group will be presenting its strategy to equity analysts
today ahead of the Company's close period.
Tribal Group anticipates that its results for the year ended 31 March 2002 will
be significantly ahead of market expectations. The preliminary announcement of
these results will be made on, or around, 25 June.
Tribal Group announces today that it has recently been awarded two important
education contracts:
• a contract from the Department for Education and Skills to develop and
pilot online teacher training courses. The courses will help literacy and
numeracy teachers to use ICT more effectively in their teaching. The contract
will be worth £1.1m over five months and follows on from the experience gained
from the New Opportunities Fund initiative, through which Tribal Group provides
ICT training to over 30,000 secondary school teachers.
• a contract from the Office for Standards in Education to carry out 340
school inspections during the period to the end of July 2003. This contract is
valued at £4.6m and represents an approximate 9% market share.
It is expected that further contract wins will be announced in the coming
months.
Tribal Group also announces that it has completed the negotiation of new bank
facilities with Bank of Scotland. The new facilities total £36 million and will
provide Tribal Group with considerable flexibility in financing future
acquisitions and the overall development of its business.
For further information contact:
Henry Pitman, Chief Executive - Tribal Group plc - 01386 702900
Nick Naylor, Robert W. Baird - 020 7488 1212
25 April 2002
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.