NSIA Condition Satisfied and Update on Timetable

Tribal Group PLC

30 October 2026

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

30 October 2026

Tribal Group PLC
("Tribal" or the "Company")

Satisfaction of NSIA Condition and update on expected timetable for Completion of the Proposed Sale

Further to the Company's announcement of 26^th October 2026 confirming Shareholder approval of the Proposed Sale at the General Meeting, Tribal is pleased to announce that the NSIA Condition has also been satisfied.

Accordingly, the Conditions to the Proposed Sale have now been satisfied. It is anticipated that Completion of the Proposed Sale will occur during November 2026.

Following Completion, it remains the Company's intention to proceed swiftly to the Cancellation, and the Board intends that the Net Cash Proceeds will be returned to Shareholders as soon as reasonably practicable, through a members' voluntary (solvent) liquidation of the Company.

Further announcements will be made upon Completion and in due course.

Capitalised terms in this announcement shall have the same meaning as set out in the Company's Circular dated 2 October 2026.

Enquiries:

Tribal Group plc	via Alma
Richard Last, Chair Mark Pickett, Chief Executive Officer Diane McIntyre, Chief Financial Officer
Investec Bank plc (Financial Adviser, NOMAD & Joint Broker)	[phone]
Luke Spells, Virginia Bull, Alamgir Ahmed, Arnav Kapoor, Gopal Mann
Singer Capital Markets Limited (Joint Broker) Sara Hale, Alex Bond	[phone]
Alma Strategic Communications (PR Adviser)	[phone]
Caroline Forde, Hannah Campbell, Emma Thompson

Important information

Investec Bank plc ("Investec"), which is authorised in the United Kingdom by the Prudential Regulation Authority and regulated in the United Kingdom by the Prudential Regulation Authority and the Financial Conduct Authority, is acting exclusively for Tribal as financial adviser and broker and no one else in connection with the Transaction referred to in this announcement and neither Investec Bank plc nor any of its affiliates, branches or subsidiaries will be responsible to anyone other than Tribal for providing the protections afforded to clients of Investec, nor for providing advice in relation to any matter referred to in this announcement. Neither Investec nor any of its subsidiaries, branches or affiliates or any of its and their respective directors, officers, employees, representatives or agents owes or accepts any duty, liability or shall be held responsible in any way whatsoever for any direct, indirect or consequential losses (whether in contract, in tort, under statute or otherwise) arising in connection with, or from the use of, this announcement or the contents of this announcement or reliance on the information contained herein, except to the extent this would be prohibited by law or regulation.

Singer Capital Markets Advisory LLP, which is authorised and regulated by the FCA in the United Kingdom, is acting as Corporate Broker exclusively for Tribal and no-one else in connection with the subject matter of this Announcement and will not be responsible to anyone other than Tribal for providing the protections afforded to clients of Singer Capital Markets nor for providing advice in connection with the subject matter of this announcement. Neither Singer Capital Markets nor any of its affiliates (nor any of their respective directors, partners, officers, employees or agents) owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Singer Capital Markets in connection with this announcement, any statement contained herein, the Transaction or otherwise. No representation or warranty, express or implied, is made by Singer Capital Markets as to the contents of this Announcement.

 

END