TRIBAL GROUP PLC — Earnings Release 2015

Feb 25, 2015

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RNS Number : 7821F

Tribal Group PLC

25 February 2015

Tribal Group plc

Extension to Ofsted Quality Assurance Contract

and

Contract Win in Australia

Tribal Group plc ("Tribal"), a leading provider of software and services for education management, is pleased to announce the following contract progress, which supports our expectations for 2015.

Extension to Ofsted Early Years Quality Assurance contract

Tribal undertakes a range of quality assurance inspections on behalf of Ofsted, the UK's Office for Standards in Education, Children's Services and Skills, under a contract which commenced in August 2010 and was due to expire in August 2015.   We are pleased to announce that, as anticipated, this contract has now been extended for up to 19 months until March 2017, with a likely value of over £18m.

Third state-wide college contract in Australia

We have signed an AUD2.5m contract to provide our student management systems to all Technical and Further Education colleges (TAFEs) in Tasmania, Australia.   Tasmania's Department of Education owns and manages the state's 14 colleges through TasTAFE, which is Tasmania's largest provider of vocational education and training, and is one of the ten largest regional training organisations in Australia with around 32,700 enrolled students and 900 staff.

Our contract with TasTAFE represents the third Australian state-wide student management system contract won by Tribal.  Alongside TasTAFE, we are delivering on our recently announced contract to provide our student management system to all 48 TAFE campuses in Queensland, and we are well advanced in our delivery of our Student Administration and Learning Management (SALM) contract with the New South Wales Department of Education, under which we have deployed our systems across its 138 TAFE campuses. 

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Tribal Group plc	Tel: +44 (0)117 311 5293
Keith Evans, Chief Executive Steve Breach, Group Finance Director
Weber Shandwick Financial Nick Oborne	Tel: +44 (0)20 7067 0700

Editors' note:

Tribal supports the delivery of education, learning and training services around the world. We build world-leading software, support adult learning, careers and professional development and provide school inspections and improvement services both in the UK and internationally.

We work in partnership with a wide range of organisations, including schools, colleges and universities, prisons and social services, government agencies and large and small employers.

Tribal has around 1,400 staff and our work spans five continents across the world. More information about Tribal is available online at www.tribalgroup.com. 

This Statement has been prepared for and is addressed only to our shareholders as a whole and should not be relied on by any other party or for any other purpose. Tribal, its directors, employees, agents or advisers do not accept or assume responsibility to any other person to whom this Statement is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed.  This Statement may contain forward-looking statements and the financial information is unaudited. Any forward-looking statement has been made by the directors in good faith based on the information available to them up to the time of approval of this Statement and should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward-looking information. To the extent that this Statement contains any statement dealing with any time after the date of its preparation, such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur and therefore the facts stated and views expressed may change. Tribal undertakes no obligation to update these forward-looking statements.

This information is provided by RNS

The company news service from the London Stock Exchange

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