Business
RM plc: Sale of the RM Integris and RM Financ...
RM plc: Sale of the RM Integris and RM Financ....
About this update from Rm Plc
[{"type":"text","content":"\n \n \n \n\n\nRM plc (RM.)\n\n\n\n\n\n\nRM plc: Sale of the RM Integris and RM Finance Business 09-Jun-2023 / 07:00 GMT/BST\n\n\n9 June 2023\n\n \n\nRM plc\n\n \n\nSale of the RM Integris and RM Finance Business\n\n \n\nCMA Phase 1 clearance\n\n \n\n \n\nRM plc (LSE: RM) (\"RM\" or the \"Company\") announced on 31 May 2023 that it had completed the sale of the RM Integris and RM Finance Business.\n\n \n\nThe Company welcomes the decision by the Competition and Markets Authority (CMA) today to clear matter ME/7037/23 regarding the acquisition of the RM Integris and RM Finance Business by The Key Support Services Limited at Phase 1. As such, the Company is pleased to confirm that the conditions relating to the payment of the Additional Consideration have been duly satisfied.\n\n \n\nThe conditions relating to the payment of the Deferred Consideration remain outstanding. Accordingly, the Company expects to receive the payment of £3,450,000 in cash within 10 business days with the additional £550,000 of Deferred Consideration payable conditionally upon the satisfaction of the relevant conditions.\n\n \n\nFor more information, please contact: \n\n \n\nHoward Rubenstein \n\nCompany Secretary \n\nRM plc \n\[email protected] \n\n \n\nImportant notice\n\n \n\nThis 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.\n\nThis 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.\n\nThis announcement may include statements that are, or may be deemed to be, \"forward-looking statement...