Business
Exercise of Option
Exercise of Option.
About this update from Tribal Group Plc
[{"type":"text","content":"\n \nRNS Number : 9954M Tribal Group PLC 24 August 2011 \n \n\nTribal Group plc\n \n25 August 2011\n \nExercise of Option\n \nTribal Group plc (the \"Company\") yesterday exercised its put option to transfer the entire issued share capital of Tribal Consulting Limited to Capita Business Services Limited (\"Capita\"). Reciprocal put and call options were granted to the Company and Capita as part of the sale of the Company's Government and Health businesses, which completed on 28 April 2011. \n \nAccordingly, the Company has transferred the entire issued share capital of Tribal Consulting Limited to Capita and has received a payment from Capita of £2.0 million, in accordance with the principal terms of the disposal as announced on 11 April 2011. \n \n \n \nEnquiries:\n \nTribal Group plc Tel: 020 7323 7100\nKeith Evans, Chief Operating Officer \nStephen Breach, Group Finance Director\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCLLFEDTSISFIL \n ","length":2355,"tagName":"div"}]