Issue of Equity

RNS Number : 7713Z

Tribal Group PLC

16 September 2022

 

16 September 2022

Tribal Group plc

("Tribal" or the "Company")

Issue of Equity

Tribal (AIM: TRB), a leading provider of software and services to the international education market, announces that it has approved the issue of 297,308 new ordinary shares ("New Shares") of 5p each in the Company pursuant to the exercise of options issued to senior management and employees under the terms of the Company's 2018 Long Term Incentive Plan.

When issued, the new Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of five pence each in the capital of Tribal.

It is expected that admission will become effective on 26 September 2022.

Total voting rights

The total enlarged issued share capital of the Company following Admission will be 211,964,676 ordinary shares. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares in the Company with voting rights will be 211,964,676. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules of the UK Financial Conduct Authority.

Enquiries:

Tribal Group plc		Tel: [phone]
Mark Pickett, Chief Executive Officer Diane McIntyre, Chief Financial Officer
Investec Bank plc (NOMAD & Joint Broker) Virginia Bull, Will Godfrey	Tel: [phone]
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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