This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of UK MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The person responsible for making this disclosure on behalf of the Company is Mark Cook, Chief Executive Officer. 

 

5 October 2023

RM plc

Sale of IPv4 addresses

 

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.

The IP addresses are classified as intangible assets and were acquired at nil value. The Sales will, therefore, not affect the Company’s total net assets, other than the addition of the cash proceeds from the Sales, which will be used to strengthen the balance sheet. 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.

 

Enquiries:

RM plc                     investorrelations@rm.com

Mark Cook, Chief Executive Officer

Simon Goodwin, Chief Financial Officer

Fiona O’Nolan, Investor Relations

 

Headland Consultancy (Financial PR)                      +44 203 805 4822

Stephen Malthouse (smalthouse@headlandconsultancy.com)

Chloe Francklin (cfrancklin@headlandconsultancy.com)

Jemma Savage (jsavage@headlandconsultancy.com)

 

Notes to Editors:

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 Resources is the established provider of education resources for early years, primary schools, and secondary schools across the UK and to 80 countries internationally
• RM Assessment is a leading provider of assessment software, supporting exam awarding bodies, universities, and governments worldwide to digitise their assessment delivery
• RM Technology is a market-leading supplier of ICT software, technology and services to UK schools and colleges