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RM PLC
Business and Financial Review • Oct 5, 2023
5284_rns_2023-10-05_c18c7fe9-4867-4dee-8d2f-dba614526491.html
Business and Financial Review
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National Storage Mechanism | Additional information
RM plc (RM.)
RM plc: Sale of IPv4 addresses
05-Oct-2023 / 07:00 GMT/BST
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of UK MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The person responsible for making this disclosure on behalf of the Company is Mark Cook, Chief Executive Officer.
5 October 2023
RM plc
Sale of IPv4 addresses
RM plc, a leading international supplier of technology and resources to the education sector (LSE: RM) (“RM”, the “Company”), today announces that it has agreed to sell an additional portion of its Internet Protocol v4 (“IPv4”) addresses (“the Sale”) to Hilco Streambank (“Hilco”) for a total consideration of $2.2m in cash.
The IP addresses are classified as intangible assets and were acquired at nil value. The Sales will, therefore, not affect the Company’s total net assets, other than the addition of the cash proceeds from the Sales, which will be used to strengthen the balance sheet. These sales have been classified as other income in line with the treatment of the sale of Intangible Assets.
The Sale, when aggregated with the previous sale of $10.2m of IP addresses, as announced on 28 December 2022, will constitute a Class 2 transaction under the Listing Rules.
The Company retains the rights over a further c.213,000 IPv4 addresses, which will support growth in RM Technology’s connectivity business.
Enquiries:
RM plc [email protected]
Mark Cook, Chief Executive Officer
Simon Goodwin, Chief Financial Officer
Fiona O’Nolan, Investor Relations
Headland Consultancy (Financial PR) +44 203 805 4822
Stephen Malthouse ([email protected])
Chloe Francklin ([email protected])
Jemma Savage ([email protected])
Notes to Editors:
RM provides market-leading products and services to educational institutions, exam bodies and international governments which improve, simplify and support education and learning.
The education sector is transforming, and RM is well positioned to capitalise on this through its three divisions.
- RM Resources is the established provider of education resources for early years, primary schools, and secondary schools across the UK and to 80 countries internationally
- RM Assessment is a leading provider of assessment software, supporting exam awarding bodies, universities, and governments worldwide to digitise their assessment delivery
- RM Technology is a market-leading supplier of ICT software, technology and services to UK schools and colleges
Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
| ISIN: | GB00BJT0FF39 |
| Category Code: | DIS |
| TIDM: | RM. |
| LEI Code: | 2138005RKUCIEKLXWM61 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 275939 |
| EQS News ID: | 1741663 |
| End of Announcement | EQS News Service |