RM PLC
13 December 2000
RM plc - confirms unable to agree terms for Classroom 2000
RM, the leading supplier of ICT to UK education, confirms that it has been
unable to agree acceptable commercial terms in relation to the Classroom 2000
PFI project in Northern Ireland and that negotiations have ended.
RM's results for the year ended 30 September 2000 included an exceptional
provision against expenditure incurred during the year in connection with
Classroom 2000. RM confirms that, as reported in the preliminary results
announcement in November 2000, spend on the project had been reduced to be
accommodated within normal sales and marketing levels and that no revenue or
contribution from Classroom 2000 had been built into the plan for the current
year.
Richard Girling, Chief Executive of RM plc, commented,
'We have invested considerable effort to design an exciting and innovative ICT
solution for schools in Northern Ireland. So it is, of course, disappointing
to finally report that we have been unable to agree on commercial terms.
'However, RM is already the leading supplier of ICT solutions to schools in
Northern Ireland and we expect to remain so. We believe that investment in
educational ICT in Northern Ireland will continue and that RM is well placed
to benefit.'
For further information contact:
Mike Greig/Phil Hemmings RM plc 01235 826 000
Andrew Fenwick/Deborah Done Brunswick 0207 404 5959
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