REG-RM plc Sale of IP addresses

RMAnnouncement

28/12/2022 07:15

============

   RM plc (RM.)
   Sale of IP addresses

   28-Dec-2022 / 07:00 GMT/BST
   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.

   ══════════════════════════════════════════════════════════════════════════

   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 Neil Martin, Chief Executive
   Officer.

    

    

    

   28 December 2022

    

                                        

                                     RM plc
                                        

                              Sale of IP 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 a portion of their Internet Protocol v4 (“IPv4”)
   addresses to Hilco Streambank for a total consideration of USD10.2 million
   in cash (“the Sale”).  The Company retains the rights over a further
   c.294,000 IPv4 addresses which will support growth in RM’s connectivity
   business.

   The IP addresses are classified as intangible assets and were acquired at
   nil value. The Sale will therefore not affect the Company’s total net
   assets, other than the addition of the cash proceeds from the Sale which
   will be used to strengthen the balance sheet. Approximately £4.1m of IP
   addresses were sold during FY22 (ending on 30 November 2022) which, due to
   the changing nature of these sales in the period, have been classified as
   other income for FY22 in line with the treatment of the sale of Intangible
   Assets.

   The Sale will constitute a Class 2 transaction under the Listing Rules.

   Neil Martin, Chief Executive Officer of RM, commented:

   "This is a positive opportunity for RM to capitalise on our valuable asset
   base of IP addresses whilst maintaining sufficient capacity to continue
   the growth of our connectivity business.”

    

    

   Enquiries:

   RM plc                                   
   Neil Martin, Chief Executive Officer    Tel: +44 (0)1235 401 805
   Emmanuel   Walter,   Chief    Financial  1 investorrelations@rm.com
   Officer (interim)
   Cynthia   Alers,   Investor   Relations  
   Director (interim)
                                            
   Headland Consultancy                    Tel:  +44 (0)203 805 4822
   Stephen Malthouse                       smalthouse@headlandconsultancy.com
   Jemma Savage                             

    

    

   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.

   ══════════════════════════════════════════════════════════════════════════

   ISIN:           GB00BJT0FF39
   Category Code:  MSCM
   TIDM:           RM.
   LEI Code:       2138005RKUCIEKLXWM61
   OAM Categories: 2.2. Inside information
                   3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   211515
   EQS News ID:    1522323


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

    2 fncls.ssp?fn=show_t_gif&application_id=1522323&application_name=news&site_id=reuters9

References

   Visible links
   1. mailto:investorrelations@rm.com


============