Business
Update on TAFE Queensland
Update on TAFE Queensland.
About this update from Tribal Group Plc
[{"type":"text","content":"\n \nRNS Number : 8591Y Tribal Group PLC 23 May 2016 \n \n\n \nTribal Group plc\n(\"Tribal\" or \"the Group\") \nUpdate on TAFE Queensland\n \nAs noted in the Group's preliminary results announcement of 16 March 2016, the Group has been in discussions in relation to its contract with TAFE Queensland. Tribal now confirms that it has agreed with TAFE Queensland to end the contract with immediate effect. This is an amicable arrangement. \n \nNo current year or future years' revenues or cash receipts have previously been assumed to be received by the Group in its forecasts. Tribal will receive a final payment from TAFE Queensland referable to year to date costs relating to this contract. Therefore the Group's expectations for 2016 and beyond remain unchanged.\n \nTribal leads the student management system market across Australia and New Zealand, including supplying nearly 40% of all universities, over 50% of New Zealand's Institutes of Technology and Polytechnics, all of TAFE New South Wales and TAFE Tasmania in Further Education, and over 4,000 schools and schools oversight bodies in Australia. Tribal is committed to expanding its offerings to the education market in Australia and New Zealand and will continue to invest in both its software and local presence.\n \nEND\n\n\n\n\n \nEnquiries:\n \n\n\n\n\n\n\n\nTribal Group plc\nIan Bowles...