REG-RM plc RM plc: Sale of IPv4 addresses

RMAnnouncement

05/10/2023 07:00

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   RM plc (RM.)
   RM plc: Sale of IPv4 addresses

   05-Oct-2023 / 07:00 GMT/BST

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   This announcement contains inside information for the purposes of  Article
   7 of the  Market Abuse Regulation  (EU) 596/2014  as it forms  part of  UK
   domestic law by virtue  of the European Union  (Withdrawal) Act 2018  ("UK
   MAR"), and is disclosed in accordance with the Company's obligations under
   Article 17 of  UK MAR.  Upon the publication  of this  announcement via  a
   Regulatory Information Service, this inside information is now  considered
   to be  in  the public  domain.  The  person responsible  for  making  this
   disclosure on  behalf  of  the  Company  is  Mark  Cook,  Chief  Executive
   Officer. 

                                                                             

                                                               5 October 2023

                                     RM plc

                             Sale of IPv4 addresses

                                        

   RM plc, a leading  international supplier of  technology and resources  to
   the education sector (LSE: RM) (“RM”, the “Company”), today announces that
   it has agreed to  sell an additional portion  of its Internet Protocol  v4
   (“IPv4”) addresses (“the Sale”) to Hilco Streambank (“Hilco”) for a  total
   consideration of $2.2m in cash.

   The IP addresses are classified as intangible assets and were acquired  at
   nil value. The Sales will, therefore,  not affect the Company’s total  net
   assets, other than the addition of the cash proceeds from the Sales, which
   will be  used to  strengthen  the balance  sheet.  These sales  have  been
   classified as  other income  in line  with the  treatment of  the sale  of
   Intangible Assets. 

   The Sale,  when  aggregated  with  the  previous  sale  of  $10.2m  of  IP
   addresses, as announced  on 28 December  2022, will constitute  a Class  2
   transaction under the Listing Rules.

   The Company retains the  rights over a  further c.213,000 IPv4  addresses,
   which will support growth in RM Technology’s connectivity business.

    

   Enquiries:

   RM plc                      1 investorrelations@rm.com

   Mark Cook, Chief Executive Officer

   Simon Goodwin, Chief Financial Officer

   Fiona O’Nolan, Investor Relations

    

   Headland Consultancy (Financial PR)                      +44 203 805 4822

   Stephen Malthouse (smalthouse@headlandconsultancy.com)

   Chloe Francklin ( 2 cfrancklin@headlandconsultancy.com)

   Jemma Savage ( 3 jsavage@headlandconsultancy.com)

    

   Notes to Editors:

   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 RM  is  well  positioned  to
   capitalise on this through its three divisions.

     • RM Resources is  the established provider  of education resources  for
       early years, primary schools, and secondary schools across the UK  and
       to 80 countries internationally
     • RM Assessment is a leading provider of assessment software, supporting
       exam awarding  bodies,  universities,  and  governments  worldwide  to
       digitise their assessment delivery
     • RM Technology is 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:  DIS
   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.:   275939
   EQS News ID:    1741663


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:investorrelations@rm.com
   2. mailto:cfrancklin@headlandconsultancy.com
   3. mailto:jsavage@headlandconsultancy.com


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