Business
Completion of Disposal
Completion of Disposal.
About this update from Tribal Group Plc
[{"type":"text","content":"\n \nRNS Number : 9371T Tribal Group PLC 01 April 2016 \n\n \nNOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO (\"EXCLUDED TERRITORIES\"). PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT \n \nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING HEREIN SHALL CONSTITUTE AN OFFERING OF NEW SHARES. NOTHING IN THIS ANNOUNCEMENT SHOULD BE INTERPRETED AS A TERM OR CONDITION OF THE RIGHTS ISSUE. ANY DECISION TO PURCHASE, SUBSCRIBE FOR, OTHERWISE ACQUIRE, SELL OR OTHERWISE DISPOSE OF ANY NIL PAID RIGHTS, FULLY PAID RIGHTS OR NEW SHARES MUST BE MADE ONLY ON THE BASIS OF THE INFORMATION CONTAINED IN AND INCORPORATED BY REFERENCE INTO THE PROSPECTUS. COPIES OF THE PROSPECTUS ARE AVAILABLE FROM THE REGISTERED OFFICE OF TRIBAL GROUP PLC AND ON ITS WEBSITE AT WWW.TRIBALGROUP.COM.\n \nTribal Group plc\n(\"Tribal\" or the \"Group\")\nCompletion of Disposal\nUpdate on Rights Issue, Cancellation of Listing on the Official List and AIM Admission timetables\nTribal Group plc, a leading provider of software and services to the education management market, is pleased to confirm that it has completed the disposal of its Synergy business, first announced on 1 March 2016.\nIn relation to the Rights Issue, provisional allotment letters will be posted to those shareholders entitled to receive them later today. \nAdmission and dealings in Rights Issue Shares (as defined in the prospectus published by the Company on 16 March 2016), nil paid, are expected to commence on the London Stock Exchange's Main Market at 8.00 a.m. on 4 April 2016. \nApplication will be made to the London Stock Exchange to cancel the listing of the ordinary shares of the Company on the Official List and their trading on the Main Market for listed securities and for the shares to be admitted to trading on AIM. The last day of dealings in the Shares on the Main Market is expected to be 29 April 2016, the cancellation is expected to become effective at 8.00 a.m. on 3 May 2016 and admission to AIM and the commencement of dealings on AIM is expected to become effe...