TP ICAP Group PLC

M&A Activity • Apr 1, 2022

National Storage Mechanism | Additional information

RNS Number : 8530G

TP Group PLC

01 April 2022

TP Group plc

("TP Group", "the "Company" or the "Group")

Sale of Northstar Autonomous Navigation Software

TP Group (AIM: TPG), announces today that, following the strategic review of the Group's consulting and software capabilities in relation to its wider strategy as announced on 1 November 2021, the Board has agreed to sell its Northstar autonomous navigation software to QinetiQ Limited a subsidiary of QinetiQ Group PLC ("QinetiQ") for a cash consideration of c£0.6m (the "Disposal").

The Disposal will result in the Northstar software, and its development team, being transferred to QinetiQ effective 1st April 2022.

TP Group plc	Tel: 01753 285 810
Martyn Ratcliffe, Executive Chairman Derren Stroud, Chief Financial Officer
www.tpgroup.uk.com
Cenkos Securities plc	Tel: 020 7397 8980
Stephen Keys / Mark Connelly / Callum Davidson
www.cenkos.com

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