DJ RM plc: Strategic sale of TTS business
RM plc (RM.)
RM plc: Strategic sale of TTS business
29-Sep-2026 / 16:07 GMT/BST
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
29 September 2026
RM plc
Strategic sale of TTS business
Disposal halves net debt
RM plc (LSE: RM) ("RM", the "Company" and together with its subsidiary undertakings, the "Group"), a leading global
educational technology ("EdTech"), digital learning and assessment solution provider, today announces that it has
completed the sale of the entire issued share capital of its wholly-owned subsidiary RM Educational Resources Limited
("RMER" or "TTS"), the operator of the Group's TTS business, to Eduviva Group AB ("Eduviva") for a total enterprise
value of up to GBP53.5 million.
Highlights
-- Sale of TTS for a total enterprise value of up to GBP53.5 million, comprised as follows:
- GBP36.3 million of initial consideration which, after applying locked box and other adjustments results
in a completion payment of GBP32.6 million;
- GBP14.2 million Harrier Park lease liability removed from the Group; and
- up to a further GBP3.0 million of deferred consideration payable in cash linked to RMER's financial
performance in the 12-month period following Completion.
-- Fully aligns with RM's strategy to simplify the business and focus on the substantial growth
opportunities in the Group's core Assessment business.
-- Net cash proceeds will reduce net cash debt by c.GBP31 million (after fees); net debt, including lease
liabilities, is now expected to be c.50 per cent. lower at 30 November 2026, at c.GBP34 million.
-- The Company's liabilities continue to fall with the removal of the GBP14.2 million Harrier Park lease
liability; this follows the latest Section 75 defined benefits pension scheme valuations, having fallen from a
combined c.GBP31 million in the 2024 Triennial valuations to a minimal level today.
-- In line with the Company's simplification strategy, annualised cost savings of c.GBP5 million are expected
to be actioned by the end of the financial year ending 30 November 2027 ("FY27") and fully realised in the
financial year ending 30 November 2028 ("FY28").
Commenting on the Disposal, Mark Cook, Chief Executive of RM, said:
"Today's announcement is yet another important milestone in the transformation of RM plc. The sale of TTS will simplify
our business, significantly reduce RM's net debt position, enabling us to capitalise on the high growth, global
opportunities in digital assessment and to enhance our educational IT services business.
"We are pleased to have found a buyer for TTS which is familiar with the business. With a number of their brands having
acted as key distributors, we believe Eduviva Group is well-placed to build on the success TTS has enjoyed over many
years.
"I would like to thank all my TTS colleagues for their commitment over the years. Today's announcement is a testament
to their hard work and the fundamental strengths of the TTS business."
Strategic rationale and the Board's views on the Disposal
Overview
TTS designs, develops and createsinnovative, curriculum aligned educational resources that make learning engaging,
inclusive, and hands on.
The Disposal comprises the sale of the entire issued share capital of RMER, including its over 200 employees. RMER's
current senior management will predominantly remain with TTS on Completion. Eduviva intends to support TTS' growth
plans and further develop its customer base overseas.
The Board's view of the Disposal
In the Board's opinion, the Disposal is in the best interests of the Company's shareholders ("Shareholders") as a
whole, as it fully aligns with RM's strategy to: (1) simplify the Group's business; (2) significantly reduce net debt;
(3) and focus on the Continuing Group as a pure-play EdTech business, which the Directors believe includes significant
growth opportunities in Assessment. In parallel, RM will continue to pursue opportunities for its Technology business,
building on an established position in schools to expand further into other areas of education and the broader public
sector.
Simplification of the business
The separation work that the Company committed to at the time of the equity raise announced on 10 October 2025 has
helped pave the way for the Disposal and unlocks an opportunity to further reduce the Group's legacy overheads.
Assessment and corporate services went live with a new, standalone enterprise resource planning system in June this
year with Technology's transition to follow. Having already reduced Group overheads and operational costs by
approximately GBP30 million in the last three years, and in line with the Company's simplification strategy further cost
savings of approximately GBP5 million on an annualised basis are expected to be realised in full in FY28. This includes
the GBP3 million of savings to be realised by the end of FY27, as previously announced.
Significant reduction in net debt
The net proceeds of the Disposal of approximately GBP31 million after fees will be deployed to reduce the 'Continuing
Group's net debt; a principal objective previously announced. This reduction, along with removing a GBP14.2 million lease
liability from the Continuing Group's balance sheet, will make RM financially stronger with a more normalised level of
debt. The Continuing Group's lenders continue to be supportive of RM's stated strategy.
Pension Schemes update
The Continuing Group's financial position has also been strengthened by the latest Section 75 valuations of the defined
benefits pension schemes. The Section 75 deficits have fallen from a combined c.GBP31 million in the 2024 triennial
valuations to a minimal level today and, as a result, the Board will assess the pension buy-in and buy-out options.
Focus on significant growth opportunities in Assessment
The strategic decision to develop a single, cloud-based accreditation platform, RM Ava, has created a substantial
growth opportunity. RM Ava facilitates the full end to end assessment process; authoring exams, taking them, marking
and grading. As accreditors shift towards fully digital exams, RM is expected to benefit from more assessments taken on
its platform. Key customers have laid out a pathway to fully digital exams and RM expects this to be the market trend
for accreditation in the coming few years. Additionally, Ava's modularity and scalability enables RM to target
opportunities beyond the education sector, such as government sponsored digital accreditations and a broader mix of
professional qualifications. This is expected to allow RM to enter into a whole new target addressable market with
government opportunities being large, multi-year and recurring by nature. The Disposal of RMER allows the Continuing
Group's management to focus even more on these growth opportunities.
The Disposal supports RM's strategy and improves the Continuing Group's long-term quality of earnings, given that TTS
is a purely transactional business.
Summary of the Disposal
The Company and Eduviva have today entered into the Sale and Purchase Agreement pursuant to which Eduviva has acquired
the entire issued share capital of RMER. The consideration payable under the Sale and Purchase Agreement is:
(a) GBP36.3 million of initial consideration which, after applying locked box and other adjustments, results in a
completion payment of GBP32.6 million; and
(b) deferred consideration (if any) of up to an additional GBP3.0 million in cash subject to RMER achieving certain
adjusted EBITDA targets for the period ending 12 months from Completion.
Through its acquisition of RMER, the Buyer will assume the obligations under the remainder of the lease for RMER's
property at Harrier Park, which has a rental liability of GBP14.2 million. Accordingly, the total enterprise value of
the Disposal is GBP53.5 million representing an implicit multiple of 8.3 times the EBITDA of RMER for the financial year
ended 30 November 2025 ("FY25").
The Disposal, because of its size in relation to RM, constitutes a "significant transaction" for the purposes of the UK
Listing Rules ("UKLR") and is therefore notifiable in accordance with UKLR 7.3.1R and 7.3.2R. In accordance with the
UKLRs, the Disposal is not subject to shareholder approval.
Further details of the principal terms of the Sale and Purchase Agreement are set out in Appendix 1 of this
announcement.
Summary information on TTS
TTS designs, develops and createsinnovative, curriculum aligned educational resources. In FY25, TTS developed 467 new
products with 131 using TTS' proprietary intellectual property. Headquartered in Nottingham, approximately three
quarters of TTS' sales are to UK schools and institutions with the remaining sales overseas, including the United Arab
Emirates where a legal entity has been established. Notable products include the Bee-bot robot, designed to help young
learners explore the basics of coding, direction and sequencing.
Effects of the Disposal on the Group
In FY25, RMER contributed revenue of GBP67.3 million, representing 41.5 per cent. of total sales for the Group and
adjusted operating profit of GBP4.2 million, reporting an adjusted operating profit margin of 6.2 per cent. The gross
assets of RMER as at 30 November 2025 were GBP49.9 million. Appendix 2 of this announcement includes key historic
financial information on RMER.
Financial outlook
Had the Disposal not taken place, the Company would have reported adjusted operating profit and EBITDA for the full
year in line with market expectations for the year ending 30 November 2026 ("FY26") with revenue slightly down on the
prior year, as previously reported. The performance was positively impacted by TTS delivering trading higher than
expectations in the second half. Alongside this, Technology has continued to be impacted by the challenging UK schools'
market, as previously reported, and tenders for specific Assessment new business are taking longer than expected which
delays the opportunity to recognise revenue.
Following the Disposal, adjusted operating profit and EBITDA of the Continuing Operations for FY26 are expected to be
GBP3 million and GBP6 million, respectively. This is impacted by one off stranded corporate costs totalling GBP2.8 million,
that were previously allocated to TTS, remaining in full for FY26 due to the Disposal completing late in the financial
year.
The Company remains on track to meet FY27 market expectations for adjusted operating profit (GBP6.6 million) and EBITDA
(GBP10.9 million), after adjusting for the disposed TTS business.1 This includes realising c.GBP3 million out of a total GBP5
million of annualised cost savings made possible due to separation work (see above), and the Disposal. The remaining
c.GBP2 million of savings will be realised in FY28.
Net Debt
Net debt, including lease liabilities, is now expected to be c.50% lower at the end of FY26 at around GBP34 million.
Note
1 The Company understands that market expectations for FY27 adjusted operating profit and adjusted EBITDA excluding
TTS are GBP6.6m and GBP10.9m, respectively.
Contacts:
RM plc investorrelations@rm.com
Mark Cook, Chief Executive Officer
Simon Goodwin, Chief Financial Officer
Daniel Fattal, Company Secretary and investor relations
Singer Capital Markets Limited (Broker) +44 207 496 3000
Shaun Dobson
Jennifer Boorer
Headland Consultancy (Financial PR) +44 203 805 4822
Chloe Francklin (cfrancklin@headlandconsultancy.com)
Dan Mahoney (dmahoney@headlandconsultancy.com)
Notes to Editors:
About RM
RM was founded in 1973, with a mission to improve the educational outcomes of learners worldwide. More than fifty years
on, RM is a trusted global EdTech, digital learning and assessment solution provider, transforming learners, educators,
and accreditors to be more productive, resilient, and sustainable. RM's simple approach enables it to deliver best in
class solutions to optimise accreditation outcome.
RM is focused on delivering a consistently high-quality digital experience, acting as a trusted consultative partner to
provide solutions that deliver real impact for learners worldwide. RM's two principal operating divisions following
Completion will be:
-- Assessment - a global provider of assessment software, supporting awarding bodies, and governments
worldwide to digitise their assessment delivery.
-- Technology - a market-leading adviser and enabler of ICT software, technology and bespoke services to UK
schools and colleges.
This announcement should be read in its entirety. In particular, you should read and understand the information
provided in the "Important Notices" section of this announcement.
Appendix 1
PRINCIPAL TERMS OF THE DISPOSAL AGREEMENTS
The Sale and Purchase Agreement
On 29 September 2026, the Company and Eduviva entered into the Sale and Purchase Agreement pursuant to which Eduviva
has acquired the entire issued share capital of RMER.
The consideration payable under the Sale and Purchase Agreement is:
a. GBP36.3 million of initial consideration which, after applying locked box adjustments and other
adjustments, results in a completion payment of GBP32.6 million; and
b. deferred consideration (if any) of up to an additional GBP3.0 million in cash subject to RMER achieving
certain EBITDA targets for the period ending 12 months from Completion.
The initial consideration includes GBP3.0 million relating to unutilised deferred tax losses of RMER. The Sale and
Purchase Agreement includes a clawback of up to the full amount in the event that His Majesty's Revenue and Customs
determines that these tax losses can no longer be realised and are not utilised by the end of the fourth full
accounting year from Completion.
The Sale and Purchase Agreement contains certain warranties and undertakings given by RM to the Buyer which are
customary for a transaction of this nature. The warranties relate to, amongst other things, title and capacity,
authority and solvency matters, accounting and financial matters, trading and contractual matters, intellectual
property, pensions, employment matters, litigation and taxation in relation to RMER.
RM has also agreed to indemnify the Buyer in respect of, among other things, certain customary tax and pension
liabilities and certain liabilities associated with the current Enterprise Resource Planning system and its potential
replatforming.
The aggregate liability of RM for claims under the warranties (other than fundamental warranties) and indemnities under
the Sale and Purchase Agreement shall not exceed 50 per cent. of the consideration actually received by RM and are also
subject to other customary limitations for a transaction of this nature.
RM has agreed to customary non-compete and non-solicitation provisions relating to key employees, customers and
prospective customers and suppliers for a period of two years from Completion.
The Sale and Purchase Agreement is governed by the laws of England and Wales.
The Transition Services Agreement ("TSA")
On 29 September 2026, the Company and RMER entered into the TSA.
Pursuant to the terms of the TSA, the Company has agreed to provide a series of services categories to RMER on a
transitional basis following Completion. These services categories include IT consultancy and security, provision of
finance system modules and HR system, amongst other things.
Each of the services categories has an applicable service fee payable by RMER.
The TSA contains liability provisions which apply in respect of the type and nature of losses recoverable along with
certain customary exclusions, limitations and liability caps.
The TSA contains typical provisions relating to standards of performance, contract governance and co-operation, the
provision and audit of information and how amendments to the TSA are agreed and other standard boilerplate provisions
that would be expected to be included in an agreement of this nature relating to obligations of confidentiality,
privacy and protection of data and dispute resolution.
The TSA is governed by the laws of England and Wales.
Appendix 2
HISTORICAL FINANCIAL INFORMATION RELATING TO RMER
The following historical financial information relating to RMER has been extracted from the audited accounts of RMER
for the financial years ended 30 November 2024 and 30 November 2025.
Deloitte LLP was the auditor of RMER in respect of the year ended 30 November 2024 with RSM UK Audit LLP the auditor
for the year ended 30 November 2025. The statutory accounts in respect of each of the years ended 30 November 2024 and
30 November 2025, have been delivered to the Registrar of Companies. The auditor's reports in respect of these
statutory accounts were unqualified and did not contain statements under section 498(2) or (3) of the Companies Act.
With the exception of the interim balance sheet as at 31 May 2026 and the profit and loss account for 6 months ending
31 May 2026, which does not constitute statutory accounts within the meaning of section 434 of the Companies Act, the
following financial information has been extracted from the audited statutory accounts of RMER. The financial
information in this Appendix 2 has been prepared using the IFRS accounting policies used to prepare the financial
statements of RMER for the years ended 30 November 2024 and 30 November 2025.
--
RM Educational Resources Limited
Audited balance sheet for the year ended 30 November 2025
At 30 November 2025
GBP'000
Non-current assets
Intangible assets 2,572
Property, plant and equipment 5,567
Right of use asset 9,844
Deferred tax assets 6,264
Defined benefit pension scheme surplus 2,344
26,591
Current assets
Inventories 12,976
Trade and other receivables 8,351
Cash and cash equivalents 1,937
23,264
Total assets 49,855
Current liabilities
Trade and other payables (49,084)
Provisions (931)
(50,015)
Net current liabilities (26,751)
Total assets less current liabilities (160)
Non-current liabilities
Trade and other payables (11,054)
Provisions (518)
(11,572)
Total liabilities (61,587)
Net liabilities (11,732)
Deficit attributable to shareholders
Share capital 500
Capital contribution reserve 111
Profit and loss account (12,343)
Total shareholder's deficit (11,732)
RM Educational Resources Limited
Audited profit and loss account for the years ended 30 November 2024 and 30 November 2025
Year ended 30 November 2025 Year ended 30 November 2024
Adjusted Adjustments Total Adjusted Adjustments Total
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
Revenue 67,191 - 67,191 72,440 - 72,440
Cost of sales (42,860) - (42,860) (45,230) - (45,230)
Gross profit 24,331 - 24,331 27,210 - 27,210
Operating expenses (20,149) (83) (20,232) (21,854) (313) (22,167)
Profit from operations 4,182 (83) 4,099 5,356 (313) 5,043
Interest receivable and similar 104 - 104 55 - 55
income
Interest payable and similar charges (2,644) - (2,644) (3,536) - (3,536)
Profit before tax 1,642 (83) 1,559 1,875 (313) 1,562
Tax 3,031 6 3,037 1,091 78 1,169
Profit for the year from continuing 4,673 (77) 4,596 2,966 (235) 2,731
operations
Discontinued operations - - - (1,016) 379 (637)
Profit for the year 4,673 (77) 4,596 1,950 144 2,094
RM Educational Resources Limited (including the results of RM TTS Trading LLC)
Unaudited profit and loss account for the period ended 31 May 2026
Period ended 31 May 2026
Adjusted Adjustments Total
GBP'000 GBP'000 GBP'000
Revenue 29,601 - 29,601
Cost of sales (18,871) - (18,871)
Gross profit 10,730 - 10,730
Operating expenses (9,964) (379) (10,343)
Profit/(loss) from operations 766 (379) 387
Interest receivable and similar income 62 - 62
Interest payable and similar charges (1,201) - (1,201)
Loss before tax (373) (379) (752)
Tax 91 - 91
Loss for the period (282) (379) (661)
RM Educational Resources Limited (including the results of RM TTS Trading LLC)
Unaudited balance sheet as at 31 May 2026
At 31 May 2026
GBP'000
Non-current assets
Intangible assets 2,617
Property, plant and equipment 5,327
Right of use asset 12,118
Deferred tax assets 6,931
26,993
Current assets
Inventories 12,471
Trade and other receivables 8,091
Cash and cash equivalents 4,717
25,279
Total assets 52,272
Current liabilities
Trade and other payables (49,721)
Provisions (867)
(50,588)
Net current liabilities (25,309)
Total assets less current liabilities 1,684
Non-current liabilities
Trade and other payables (13,163)
Provisions (551)
(13,714)
Total liabilities (64,302)
Net liabilities (12,030)
Deficit attributable to shareholders
Share capital 500
Capital contribution reserve 113
Profit and loss account (12,643)
Total shareholder's deficit (12,030)
Appendix 3
OTHER INFORMATION
A. Risk factors
This Part A addresses the risks known to the Group and the Directors which are material risk factors to the Disposal, will be material new risk factors to the Continuing Group as a result of the Disposal, or are existing material risk factors to the Group which will be impacted by the Disposal. The information given is as of the date of this announcement and, except as required by any applicable law, rules or regulations, will not be updated. Shareholders should carefully consider the risks and uncertainties described below, together with all other information contained in this announcement. The risks described below are not set out in any order of priority, assumed or otherwise.
Additional risks and uncertainties currently unknown to the Group and the Directors, or which the Group and the Directors currently deem immaterial or deem material to the Group, but which will not result from or be impacted by the Disposal, may also have an adverse effect on the business, financial condition, operating results or investors may lose all or part of their investment.
Risks relating to the proposed Disposal:
The Continuing Group may incur liability under the Sale and Purchase Agreement
The Sale and Purchase Agreement contains certain warranties and indemnities from the Company in favour of the Buyer. Accordingly, if the Company should incur liabilities under any of these warranties and/or indemnities, the costs of such liabilities could have an adverse effect on the business, financial condition, results of operations and/or prospects of the Continuing Group. The Company's liability under the warranties and indemnities in the Sale and Purchase Agreement is subject to financial caps and certain agreed limitations.
The deferred consideration may not become payable and the Company may have to repay an amount equivalent to the unutilised deferred tax asset
The payment by the Buyer of the deferred consideration under the Sale and Purchase Agreement is conditional upon the financial performance of RMER in the 12 months following Completion. In any event, the total aggregate amount of deferred consideration is capped at GBP3.0 million. If the deferred consideration does not become payable the Company would only receive the initial consideration payable on Completion. In addition, the Company could have to repay up to GBP3.0 million if and to the extent certain unutilised deferred tax losses are not claimed by RMER in the fourth full accounting year following Completion. As such, this may have an adverse effect on the Continuing Group's business, financial condition and results of operations.
The Continuing Group may incur liability under the TSA
Pursuant to the TSA, the Continuing Group has agreed to provide or procure the provision of certain transitional services to the Buyer from Completion. The Continuing Group could suffer losses in the event that RMER fails to make payments due under the TSA for services which the Continuing Group has provided and incurred costs. There is also the possibility that the Continuing Group could suffer losses as a result of any claims brought by RMER under or in respect of the TSA.
The operation of the TSA may have a disruptive effect on the Continuing Group which may have an adverse effect on its business, financial condition and results of operations.
Overall profit of the Continuing Group will be impacted
Following the Disposal, a profitable division that delivered adjusted operating profit of GBP4.2 million in FY25, the Continuing Group's overall profit will be reduced at least in the short term. The Continuing Group will also have to absorb a relatively higher proportion of the Group's existing fixed corporate overheads, being allocated to two remaining divisions as opposed to three. Over the longer term, the Board expects any lost profit to be more than offset by growth of its strategic Assessment business; however, there can be no guarantees when it comes to future performance which can be impacted by external factors outside management's control.
Cashflow of the Continuing Group will be impacted
The regular cash inflow from revenue of RMER will no longer received by the Continuing Group meaning that less cash is generated to support the ongoing development of RM Ava and the Continuing Group's fixed overheads that remain following the Disposal. While the Group's overall debt will be significantly reduced by the net proceeds of the Disposal, there remains debt to still finance through interest charges. Should the Assessment division grow as expected by the Board, the lost cashflows will increasingly be replaced; however, there is no certainty as to when additional revenues will be realised which could result in the Continuing Group losing cash in the short term.
B. Material contracts
Continuing Group
The following is a summary of each contract (not being a contract entered into in the ordinary course of business) to which the Company or any other member of the Continuing Group is or has been a party: (i) within the two years immediately preceding the date of this announcement which is, or may be, material; or (ii) at any time, which contains provisions under which any member of the Continuing Group has any obligation or entitlement which is material to the Continuing Group as at the date of this announcement:
1. The Sale and Purchase Agreement
A summary of the principal terms of the Sale and Purchase Agreement is set out in Appendix 1 of this announcement.
2. The TSA
A summary of the principal terms of the TSA is set out in Appendix 1 of this announcement.
3. The Placing Agreement
On 10 October 2025, the Company entered into a placing agreement (the "Placing Agreement") with Singer Capital Markets Securities Limited ("Singer Capital Markets") pursuant to which, on the terms and subject to the conditions set out in the Placing Agreement, Singer Capital Markets, as agent for and on behalf of the Company, agreed to use its reasonable endeavours to procure placees for the Placing Shares (as defined in the Placing Agreement) at a price of 95 pence per share (the "Placing"). The Placing Agreement contained certain customary warranties given by the Company and an indemnity to Singer Capital Markets for any liabilities it may incur in respect of the Placing.
RMER
No contracts (other than contracts entered into in the ordinary course of business) have been entered into by RMER: (i) within the period of two years immediately preceding the date of this announcement, which are or may be material to RMER; or (ii) at any time, which contain any provisions under which RMER has any obligation or entitlement which is, or may be, material to RMER as at the date of this announcement.
C. Legal and arbitration proceedings
The Continuing Group
There are no governmental, legal or arbitration proceedings (including any such proceedings which are pending or threatened of which the Group is aware) during a period covering at least the previous 12 months preceding the date of this announcement which may have, or have had in the recent past, a significant effect on the Continuing Group's financial position or profitability.
RMER
There are no governmental, legal or arbitration proceedings (including any such proceedings which are pending or threatened of which the Company is aware) during a period covering at least the previous 12 months preceding the date of this announcement which may have, or have had in the recent past, a significant effect on the RM Educational Resources Ltd financial position or profitability.
D. Significant Change
Continuing Group
There has been no significant change in the financial position or financial performance of the Continuing Group since 30 November 2025, being the end of the last financial period for which financial information has been published.
RMER
There has been no significant change in the financial position or financial performance of RMER since 30 November 2025, being the end of the last financial period for which financial information for RMER has been published.
E. Related Party Transactions
The Company has not entered into any related party transactions that are relevant to the Disposal and have not been published prior to the release of this announcement.
Appendix 4
DEFINITIONS
The following definitions apply in this announcement unless the context otherwise requires:
"Assessment" the Assessment division of RM plc
"Board" or the board of directors of the Company
"Directors"
"Buyer" Eduviva Group AB
"Company" or "RM" RM plc
"Completion" the completion of the Disposal
"Companies Act" the Companies Act 2006, as amended from time to time
"Continuing Group" the Group following Completion
"Disposal" the proposed sale of RMER to the Buyer on the terms and subject to the conditions set out in the
Sale and Purchase Agreement
"EBITDA" earnings before interest, taxation, depreciation and amortisation
"FCA" the Financial Conduct Authority
as applicable, either (i) International Financial Reporting
Standards as adopted by the European Union for financial years
"IFRS" beginning before 1 January 2021, or (ii) United Kingdom
adopted international accounting standards for financial years
beginning on or after 1 January 2021
"RMER" or "TTS" RM Educational Resources Limited, the company which operates the TTS business of the Group
"Sale and Purchase the sale and purchase agreement dated 29 September 2026 and made between the Company and the
Agreement" Buyer details of which are set out in Appendix 1 of this announcement
"Technology" the Technology division of the Group
"TSA" the transitional services agreement dated 29 September 2026 and made between the Company and the
Buyer details of which are set out in Appendix 1 of this announcement
"UKLR" or "UK Listing the UK Listing Rules made by the FCA pursuant to Part VI of the Financial Services and Markets
Rules" Act 2000 (as amended)
Important Notices
This announcement has been issued by, and is the sole responsibility of RM plc.
This announcement contains inside information as defined under assimilated Regulation (EU) No. 596/2014 which is part of the laws of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended). The person responsible for arranging the release of this announcement on behalf of RM plc is Daniel Fattal (Company Secretary of RM).
No representation or warranty, express or implied, is or will be made by, or in relation to, and no responsibility or liability is or will be accepted by any adviser to, the Company or by any of their respective affiliates or agents as to or in relation to the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any responsibility or liability therefore is expressly disclaimed.
The contents of this announcement do not constitute or form part of an offer of or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities for sale in any jurisdiction nor shall they (or any part of them) or the fact of their distribution form the basis of, or be relied upon in connection with, or act as an inducement to enter into, any contract or commitment to do so.
Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.
This announcement includes statements that are, or may be deemed to be, forward-looking statements, beliefs or opinions, including statements with respect to the Group's business, financial condition and results of operations. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other various or comparable terminology. These statements are made by the Directors in good faith based on the information available to them at the date of this announcement and reflect the 'Directors' beliefs and expectations. By their nature these statements involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future. A number of factors could cause actual results and developments to differ materially from those expressed or implied by the forward-looking statements. No representation or warranty is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements speak only as at the date of this announcement and the Company and its advisers expressly disclaim any obligations or undertaking to release any update of, or revisions to, any forward-looking statements in this announcement. As a result, you are cautioned not to place any undue reliance on such forward-looking statements.
No statement in this announcement is intended to be a profit forecast or a profit estimate for any period and no statement in this announcement should be interpreted to mean that earnings, earnings per share of RM, income or cash flow for RM, the Continuing Group, or RMER (as appropriate) for the current or future financial years would necessarily match or exceed the historical published earnings, earnings per share of RM, income or cash flow for RM, the Continuing Group, or RMER (as applicable).
Certain figures included in this announcement have been subjected to rounding adjustments.
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ISIN: GB00BJT0FF39 Category Code: MSCL TIDM: RM. LEI Code: 2138005RKUCIEKLXWM61 Sequence No.: 444820 EQS News ID: 2407312 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
September 29, 2026 11:08 ET (15:08 GMT)
