REG - Tribal Group PLC - 2022 General Meeting

TribalAnnouncement

26/05/2022 17:45

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RNS Number : 9945M  Tribal Group PLC  26 May 2022

26 May 2022

 

Tribal Group plc

("Tribal" or the "Company")

2022 General Meeting

 

The Company has today published and circulated to shareholders a notice of
General Meeting of the Company ("GM") and related explanatory circular. The
notice, which is contained in the circular, convenes a GM of the Company at
the offices of Investec, 30 Gresham St, London EC2V 7QP (Room 616) on 22 June
2022 at 8.30am.

 

The Notice of GM is available on the Company's website www.tribalgroup.com
(http://www.tribalgroup.com) .

 

The Company is holding the GM to pass an ordinary resolution to declare the
final dividend of 1.3p. The dividend timetable remains unchanged to that
announced within the Final Results released in March 2022.

 

This has become necessary as the board of directors of the Company has become
aware that the distributable profits as determined by reference to the annual
accounts for the year ended 31 December 2021 were not sufficient to justify
the final dividend declared by resolution 2 passed at the Annual General
Meeting, and the interim accounts had not been filed at Companies House,
accordingly the distribution of at least a part of such dividend would not be
in accordance with the Companies Act 2006. The Company has since prepared and
filed interim accounts by reference to which payment of a final dividend of
1.3p per ordinary share can be justified.

The Company is also seeking the approval of a special resolution to approve
the cancellation of the Company's share premium account, which amount shall
then be credited to the Company's distributable reserves and facilitate
possible future dividend payments.

 

The issue is of an historic nature and there is no change to the financial
outlook of the Company as a consequence of this technical matter. No other
distribution made in the financial year has been affected and no fines or
other penalties have been incurred by the Company. The Company's past accounts
will not need to be restated.

 

Enquiries:

 

    Tribal Group plc                                  Tel: +44 (0) 117 311 5293
    Mark Pickett, Chief Executive Officer

    Diane McIntyre, Chief Financial Officer

    Investec Bank plc (NOMAD & Joint Broker)          Tel: +44 (0) 20 7597 5970
    Sara Hale, Virginia Bull, Will Godfrey

    Singer Capital Markets Limited (Joint Broker)     Tel: +44 (0) 20 7496 3000
    Shaun Dobson, Tom Salvesen, Alex Bond

    Alma PR                                           Tel: +44 (0)203 405 0205
    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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