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  2. Share Prices
  3. Tribal Grp. Share Price
  4. Tribal Grp. Share News
  5. IN BRIEF: Tribal Group in GBP3.1 million settlement with NTU

Pin to quick picksTribal Grp. Share News (TRB)

Tribal Grp. Information

Share Price Information for Tribal Grp. (TRB)

London Stock Exchange
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Share Price: 53.50
Bid: 53.50
Ask: 55.50
Change: 1.25 (2.35%)
Spread: 2.00 (3.738%)
Open: 53.50
High: 53.50
Low: 53.50
Prev. Close: 53.25
TRB Live PriceLast checked at -

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IN BRIEF: Tribal Group in GBP3.1 million settlement with NTU

Fri, 24th May 2024 12:26

Tribal Group PLC - Bristol-based educational software and services provider - Says it has reached a settlement agreement with Nanyang Technological University, Singapore. Without admission of liability, Tribal has agreed to pay to NTU GBP3.1 million in full and final settlement, over the next 18 months.

Tribal in March last year that Singapore's NTU decided to terminate its contract with Tribal and had reserved rights to claim damages. NTU demanded payment of USD9.9 million for damages on account of alleged loss, costs and expenses. Tribal rejected this demand and has since been engaged in private settlement negotiations with the university.

Current stock price: 60.00 pence, up 5.3% in London on Friday

12-month change: up 54%

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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WINNERS & LOSERS SUMMARY: Slowing US Growth Knocks Ashtead Shares

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