Strategic sale of TTS business

RM plc has completed the strategic sale of its TTS business to Eduviva Group AB for an enterprise value of up to £53.5 million, comprising £32.6 million in initial consideration and up to £3.0 million in deferred consideration. This disposal, which includes the removal of a £14.2 million lease liability, is expected to reduce RM plc's net debt by approximately £31 million, leading to a roughly 50% decrease in net debt to around £34 million by November 30, 2026. The company anticipates annualised cost savings of £5 million by FY28 and will now focus on growth opportunities within its core Assessment business.