REG-RM plc RM plc: Completion of the sale of the RM Integris and RM Finance Business

RMAnnouncement

31/05/2023 10:15

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   RM plc (RM.)
   RM plc: Completion of the sale of the RM Integris and RM Finance Business

   31-May-2023 / 10:00 GMT/BST

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   31 May 2023

                                        

                                     RM plc

                                        

       Completion of the sale of the RM Integris and RM Finance Business

    

    

   RM plc (LSE:  RM) ("RM"  or the "Company")  is pleased  to announce  that,
   further to the Company's announcement  on 19 April 2023 that  Shareholders
   had approved the  Sale of RM  Integris and RM  Finance Business, the  Sale
   completed earlier today.

    

   In accordance with  the terms of  the Sale Agreement,  the payment of  the
   Additional Consideration and Deferred Consideration remain subject to  the
   satisfaction (or waiver,  where capable of  waiver) of certain  conditions
   (including, in relation to the Additional Consideration, CMA clearance).

    

   A further announcement will be made in due course.

    

   For more information, please contact:

    

   Howard Rubenstein

   Company Secretary

   RM plc

    1 Hrubenstein@rm.com

    

   Important notice

   This announcement is for information purposes only and does not constitute
   or form part  of any offer  to issue or  sell, or the  solicitation of  an
   offer to  acquire,  purchase  or  subscribe for,  any  securities  in  any
   jurisdiction and should not be relied upon in connection with any decision
   to subscribe  for  or  acquire  ordinary shares  in  the  capital  of  the
   Company.  In particular,  this announcement  does not  constitute or  form
   part of any offer  to issue or  sell, or the solicitation  of an offer  to
   acquire, purchase or subscribe for, any securities in the United States.

   This announcement has been issued by,  and is the sole responsibility  of,
   the Company. No person has been  authorised to give any information or  to
   make any representations other than  those contained in this  announcement
   and, if given  or made, such  information or representations  must not  be
   relied on as having been authorised by the Company.

   This announcement may include statements that are, or may be deemed to be,
   "forward-looking statements".   These  forward-looking statements  can  be
   identified by the use of forward-looking terminology, including the  terms
   "believes", "estimates",  "plans", "projects",  "anticipates",  "expects",
   "intends", "may",  "will", "would"  or "should"  or, in  each case,  their
   negative  or   other   variations  or   comparable   terminology.    These
   forward-looking statements include matters that are not historical  facts.
   They appear in a number of places throughout this announcement and include
   statements regarding the  directors of the  current Company's  intentions,
   beliefs or  expectations concerning,  among  other things,  the  Company's
   results of operations, financial condition, liquidity, prospects,  growth,
   strategies and the  Company's markets.  By  their nature,  forward-looking
   statements involve  risk and  uncertainty because  they relate  to  future
   events and  circumstances. Actual  results and  developments could  differ
   materially  from  those  expressed  or  implied  by  the   forward-looking
   statements. Forward-looking statements may and often do differ  materially
   from actual results. Any  forward-looking statements in this  announcement
   are based on certain factors  and assumptions, including the directors  of
   the Company's current view with respect  to future events and are  subject
   to risks  relating to  future events  and other  risks, uncertainties  and
   assumptions relating to the  Company's operations, results of  operations,
   growth strategy  and  liquidity.  Whilst  the  directors  of  the  Company
   consider  these  assumptions  to  be  reasonable  based  upon  information
   currently available, they may prove to  be incorrect. Save as required  by
   applicable law or the Listing Rules of the Financial Conduct Authority  or
   the Disclosure Guidance  and Transparency Rules  of the Financial  Conduct
   Authority, the Company  undertakes no obligation  to release publicly  the
   results of  any  revisions  to  any  forward-looking  statements  in  this
   announcement that may  occur due  to any change  in the  directors of  the
   Company's expectations or  to reflect  events or  circumstances after  the
   date of this announcement.

   Neither the content of the Company's website nor any website accessible by
   hyperlinks to the Company's website is incorporated in, or forms part  of,
   this announcement.

   All references to  time in  this announcement  are to  London time  unless
   otherwise stated.

   Capitalised terms used in the  Company's circular to shareholders dated 31
   March 2023 shall have the same meanings in this announcement.

   Enquiries:

    

   RM plc                                  
   Mark Cook, Chief Executive Officer     Tel: +44 (0)1235 401 805
   Tarryn   Riley,   Head   of   Investor investorrelations@rm.com
   Relations (Interim)
                                           
                                           
   Headland Consultancy                   Tel:  +44 (0)203 805 4822
   Stephen Malthouse                      smalthouse@headlandconsultancy.com
   Chloe Francklin                        cfrancklin@headlandconsultancy.com 

        

    

   Notes to Editors:

    

   RM plc  is a  leading  supplier to  the international  education  sector. 
   Established in 1973, RM provides  market-leading products and services  to
   educational institutions, exam bodies and international governments  which
   improve, simplify and support education and learning. The education sector
   is transforming  and  assimilating  digital  solutions,  and  RM  is  well
   positioned to capitalise on this through its three divisions:

     • RM Resources, an established provider of education resources for early
       years, primary schools,  and secondary  schools across the  UK and  to
       eighty countries internationally.
     • RM Assessment, a leading  provider of assessment software,  supporting
       exam awarding  bodies,  universities,  and  governments  worldwide  to
       digitise their assessment delivery.
     • RM Technology, a market-leading  supplier of ICT software,  technology
       and services to UK schools and colleges.

    

    

    

    

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BJT0FF39
   Category Code:  MSCM
   TIDM:           RM.
   LEI Code:       2138005RKUCIEKLXWM61
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   247362
   EQS News ID:    1645249


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:Hrubenstein@rm.com


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