End of Offer Period

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: [phone]
John Ormerod, Chairman
Keith Evans, Chief Operating Officer
Stephen Breach, Group Finance Director
Weber Shandwick Financial	Tel: [phone]
Nick Oborne/ Stephanie Badjonat

 

END

 

 

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