RM Education

RM plc: Notification of Full Year Results

Retrieved on: 
Wednesday, March 13, 2024

RM plc will announce its full year results for the twelve months ended 30 November 2023 on Thursday 14 March 2024.

Key Points: 

RM plc will announce its full year results for the twelve months ended 30 November 2023 on Thursday 14 March 2024.

RM plc: Extension and amendment of Banking facility

Retrieved on: 
Wednesday, March 13, 2024

RM plc, (“RM”, the “Company”), a leading global educational technology, digital learning and assessment solution provider, announces that it has reached agreement with its lenders to extend its current facility by a further year to the end of July 2026.

Key Points: 
  • RM plc, (“RM”, the “Company”), a leading global educational technology, digital learning and assessment solution provider, announces that it has reached agreement with its lenders to extend its current facility by a further year to the end of July 2026.
  • All other requirements, including the fixed and floating charge and soft liquidity covenants, remain materially unchanged under the update.
  • "I am grateful for the continuing support of our lenders and the extension to our facility and amendment to the covenant tests.
  • RM is focused on delivering a consistently high-quality digital experience, acting as a trusted consultative partner to provide solutions that deliver real impact for learners worldwide.

RM plc: Strategy timetable and closure of the Consortium business

Retrieved on: 
Saturday, December 30, 2023

RM plc (“RM”, the “Company”), today announces in line with its strategy to be a leading global educational technology, digital learning and assessment solution provider, that the Board has taken the decision to close its loss-making Consortium business, part of the RM Resources division.

Key Points: 
  • RM plc (“RM”, the “Company”), today announces in line with its strategy to be a leading global educational technology, digital learning and assessment solution provider, that the Board has taken the decision to close its loss-making Consortium business, part of the RM Resources division.
  • This included a detailed review of RM’s portfolio to identify core areas of the business which were best placed to capitalise on the substantial EdTech opportunities.
  • Today the Company announces that it has taken the difficult decision to close this business from the end of December.
  • The decision will also enable RM Resources management to focus on its successful TTS business.

RM plc: Bank covenants waiver agreement

Retrieved on: 
Thursday, December 21, 2023

RM plc, a global educational technology, digital learning and assessment solution provider (“RM”, the “Company”), announces that it has reached agreement with its lenders to extend its unconditional covenant waiver to cover the 30 November 2023 covenant test date.

Key Points: 
  • RM plc, a global educational technology, digital learning and assessment solution provider (“RM”, the “Company”), announces that it has reached agreement with its lenders to extend its unconditional covenant waiver to cover the 30 November 2023 covenant test date.
  • On 29 August the renegotiation of the waiver for the period ended 31 August 2023 was announced.
  • "I am grateful for the continuing support of our lenders and the amendment to our facility’s covenants for the full year.
  • The education sector is transforming, and RM is well positioned to capitalise on this through its three divisions.

RM plc: Full Year Trading Update

Retrieved on: 
Thursday, December 14, 2023

As confirmed last month, RM reached agreement with its lenders to extend their unconditional waivers for its 30 November EBITDA financial covenant.

Key Points: 
  • As confirmed last month, RM reached agreement with its lenders to extend their unconditional waivers for its 30 November EBITDA financial covenant.
  • “I am pleased to report that we expect RM to deliver results in line with market expectations in FY23.
  • The strong performance from RM Assessment, as well as RM Technology’s return to profitability in H2, demonstrates the fundamental strengths in the business.
  • RM Assessment is a leading provider of assessment software, supporting exam awarding bodies, universities, and governments worldwide to digitise their assessment delivery.

RM plc: Sale of IPv4 addresses

Retrieved on: 
Tuesday, October 17, 2023

RM plc, a leading international supplier of technology and resources to the education sector (LSE: RM) (“RM”, the “Company”), today announces that it has agreed to sell an additional portion of its Internet Protocol v4 (“IPv4”) addresses (“the Sale”) to Hilco Streambank (“Hilco”) for a total consideration of $2.2m in cash.

Key Points: 
  • RM plc, a leading international supplier of technology and resources to the education sector (LSE: RM) (“RM”, the “Company”), today announces that it has agreed to sell an additional portion of its Internet Protocol v4 (“IPv4”) addresses (“the Sale”) to Hilco Streambank (“Hilco”) for a total consideration of $2.2m in cash.
  • These sales have been classified as other income in line with the treatment of the sale of Intangible Assets.
  • The Sale, when aggregated with the previous sale of $10.2m of IP addresses, as announced on 28 December 2022, will constitute a Class 2 transaction under the Listing Rules.
  • The Company retains the rights over a further c.213,000 IPv4 addresses, which will support growth in RM Technology’s connectivity business.

RM plc: Director/PDMR Performance Share Plan Awards

Retrieved on: 
Wednesday, August 30, 2023

In accordance with the Market Abuse Regulations, RM plc announces that, on 29 August 2023, options were granted for nil consideration over the following numbers of ordinary shares of 2 2/7pence each in the Company under the RM Performance Share Plan 2019:

Key Points: 
  • In accordance with the Market Abuse Regulations, RM plc announces that, on 29 August 2023, options were granted for nil consideration over the following numbers of ordinary shares of 2 2/7pence each in the Company under the RM Performance Share Plan 2019:
    The options are exercisable in the period 31 August 2026 to 29 August 2033 at an exercise price of £0.00 per share.
  • It is anticipated that option exercises will be satisfied by the transfer of shares from the Company's employee benefit trust.
  • Sixty percent (60%) of the Award is subject to a performance condition relating to the performance of the Company’s TSR against absolute targets ranging from 120p to 195p, with this condition also measured at the end of the same 3-year period.
  • The RM Performance Share Plan 2019 was approved by shareholders at the Company’s AGM held on 27 March 2019.

RM plc: Successful negotiation of bank covenants waiver for August 2023

Retrieved on: 
Tuesday, August 29, 2023

The Directors therefore concluded that it remained appropriate to prepare the half-year financial statements on a going concern basis.

Key Points: 
  • The Directors therefore concluded that it remained appropriate to prepare the half-year financial statements on a going concern basis.
  • The negotiation of a suitable covenant waiver for the period ending 30 November 2023 is ongoing, and we expect to be able to announce its conclusion before the end of the current financial year.
  • RM provides market-leading products and services to educational institutions, exam bodies and international governments which improve, simplify and support education and learning.
  • The education sector is transforming, and RM is well positioned to capitalise on this through its three divisions.

RM plc: Non-Executive Board changes

Retrieved on: 
Friday, July 7, 2023

RM plc (“RM”), a leading supplier of technology and resources to the education sector, is pleased to announce the appointment of Christopher Humphrey as a Non-Executive Director with effect from 7th July 2023.

Key Points: 
  • RM plc (“RM”), a leading supplier of technology and resources to the education sector, is pleased to announce the appointment of Christopher Humphrey as a Non-Executive Director with effect from 7th July 2023.
  • Christopher brings extensive technology and software expertise to the RM Board.
  • In addition, Vicky Griffiths, Non-Executive Director, has notified the Board of her intention to step down from the Board with effect from 6th October 2023 due to other commitments.
  • Helen Stevenson, Chair, said: “On behalf of the Board I want to thank Vicky for her valuable contribution to RM and wish her every success in the future.

RM plc: Notification of Half Year Results

Retrieved on: 
Wednesday, July 5, 2023

RM plc will announce its half year results for the six months ended 31 May 2023 on Wednesday 9 August 2023.

Key Points: 
  • RM plc will announce its half year results for the six months ended 31 May 2023 on Wednesday 9 August 2023.
  • Management will host a webcast for analysts and investors at 9.00am on the day which can be accessed via the following link:
    For additional details and registration for the webcast, please contact Headland Consultancy on +44 203 805 4822 / [email protected].