Tribal Group (TRB): Liquidation and cash return

What is happening

Tribal Group: Liquidation and cash return – Sale completed; MVL circular due 12 Nov. ['Sale completed; MVL circular due 12 Nov']

In short

Main Capital's sale of all operating businesses (agreed Sept 2026 at about £231.2m) completed on 10 Nov 2026, with £225.1m received in cash. The Board will seek a members' voluntary liquidation and AIM cancellation at a general meeting on 7 Dec 2026. The first distribution, the vast majority of the cash, is expected around 21 Dec 2026.

Announced

10 Nov 2026 · Sale completed; MVL circular due 12 Nov

Cash received

£225,098,891 for the Group Companies, plus £6,120,882 to option holders (completion 10 Nov 2026)

Vehicle

Members' voluntary liquidation with joint liquidators; sets the amount and timing of distributions

General Meeting

7 December 2026, 9:30 a.m.; last day of dealings 4 December 2026

First distribution

On or around 21 December 2026, earlier than previously indicated

AIM cancellation

7.00 a.m. on 22 December 2026, conditional on both resolutions

Conditions

MVL and Cancellation resolutions must pass at the General Meeting

What comes next

General Meeting on MVL and AIM cancellation (7 Dec 2026).

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