Tribal Group PLC NTU Contract Update
23 Février 2024 - 8:00AM
RNS Regulatory News
RNS Number : 1881E
Tribal Group PLC
23 February 2024
23
February 2024
Tribal Group
plc
("Tribal" or "the
Group")
NTU Contract
Update
Further to the announcement on 2 May
2023, Tribal is now entering into a mediation process with Nanyang
Technological University ("NTU").
NTU has updated its demand for
damages allegedly incurred as a result of its purported termination
of its contract (as previously announced) ("NTU
Demand"). The updated
NTU Demand is in the amount of SGD17,511,651 and
USD377,724 on account of alleged damages, losses,
costs and/or expenses. NTU reserves the right to update the quantification of its demand.
The Company has sought legal advice
regarding NTU's Demand which it intends to vigorously
dispute.
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Enquiries:
Tribal Group
plc
|
via Alma
Strategic
|
|
Mark Pickett, Chief Executive
Officer
Diane McIntyre, Chief Financial
Officer
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Investec Bank
plc (NOMAD & Joint Broker)
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Tel: +44 (0) 20 7597
5970
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Virginia Bull, Nick Prowting, Tom
Brookhouse
|
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Singer Capital
Markets (Joint Broker)
|
Tel: +44 (0) 20 7496
3000
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Shaun Dobson, Tom Salvesen, Alex
Bond
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Alma Strategic
Communications
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Tel: +44 (0)203 405
0205
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Caroline Forde, Hannah Campbell, Will Ellis
Hancock
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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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END
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