Tribal Group plc
SALM Contract
In our half year results statement, published in August this year, Tribal highlighted that our work on the New South Wales Student and Administration and Learning Management (SALM) programme was moving from initial deployment to broad roll out, and that the existing commercial arrangements were being reset to better support the future aims of the programme.
At the date of our half year results statement, the reset of these arrangements was subject to formal contract completion, and as a result certain related revenues were therefore deferred into the second half of the year.
Tribal is pleased to confirm that formal contract completion has now been successfully concluded and that these revenues will therefore be recognised in the second half. We continue to anticipate that our role will be extended under the new arrangements.
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For further information please contact:
Tribal Group plc |
Tel: 0117 311 5293 |
Rob Garner, Interim Chief Executive |
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Steve Breach, Group Finance Director |
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Weber Shandwick Financial |
Tel: 020 7067 0700 |
Nick Oborne |
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Tom Jenkins |
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Canaccord Genuity Limited |
Tel: 020 7523 8000 |
Simon Bridges |
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Cameron Duncan |
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N+1 Singer Capital Markets Limited
Shaun Dobson |
Tel: 0207 496 3000 |
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Editors' note:
Tribal supports the delivery of education, learning and training services around the world. We build world-leading software, support adult learning, careers and professional development and provide school inspections and improvement services both in the UK and internationally.
We work in partnership with a wide range of organisations, including schools, colleges and universities, prisons and social services, government agencies and large and small employers.
Tribal has around 1,400 staff and our work spans five continents across the world. More information about Tribal is available online at www.tribalgroup.com.
This Statement has been prepared for and is addressed only to our shareholders as a whole and should not be relied on by any other party or for any other purpose. Tribal, its directors, employees, agents or advisers do not accept or assume responsibility to any other person to whom this Statement is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed. This Statement may contain forward-looking statements and the financial information is unaudited. Any forward-looking statement has been made by the directors in good faith based on the information available to them up to the time of approval of this Statement and should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward-looking information. To the extent that this Statement contains any statement dealing with any time after the date of its preparation, such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur and therefore the facts stated and views expressed may change. Tribal undertakes no obligation to update these forward-looking statements.
