Memorandum of Understanding with UK Government
Tribal Group plc
Tribal signs Memorandum of Understanding with UK Government
Tribal Group plc ("Tribal" or "the Company"), a leading provider of public sector services in the UK and internationally, today announced that it has reached an agreement to assist the UK Government in delivering efficiency savings.
As well as helping to deliver savings, the agreement forms part of a wider, more co-ordinated approach by government to procuring services to generate greater efficiencies in government spending. All of Tribal's current projects and contracts will remain in place and continue to be delivered as planned and the agreement will not materially affect the Company's financial performance.
Peter Martin, CEO of Tribal, said:
"We have had a series of constructive discussions with the Government about how Tribal can make efficiency savings across a number of existing contracts and services.
"The agreement marks an important step for Tribal, as it demonstrates our commitment to work closely with government in supporting improvements in the quality and efficiency of essential public services."
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For further information, please contact:
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Tribal Group plc Peter Martin, Chief Executive Steve Breach, Group Finance Director |
Telephone: 020 7323 7100
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Weber Shandwick Financial Nick Oborne Stephanie Badjonat Clare Thomas |
Telephone: 020 7067 0700 |
Editors' note:
Tribal is a leading public sector services company. We provide service delivery, advisory and technology solutions focused on improving the quality and effectiveness of public services in the UK and internationally. Tribal's core markets are education, health and government.
Our people are sector experts and we work in partnership with a wide range of organizations, including schools, hospitals, local authorities, housing associations and government departments. Tribal has approximately 1,800 staff and our work spans 40 countries across the world. Tribal's shares are quoted on the London Stock Exchange (TRB). Links: Tribal Group plc website: 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. 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