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61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Tribal Group Heads for Liquidation After £231m Business Sale
Tribal Group has completed the sale of its businesses to Main Capital Partners for £231.2m in cash. The listed shell now heads for a solvent liquidation, with dealing due to end next month.
Tribal Group (LON: TRB), the education software provider, said today it has completed the sale of its operating subsidiaries to Thames Bidco, a buyer controlled by Main Capital Partners funds, for £231,219,773 in cash. This is a sale of businesses followed by a members’ voluntary liquidation, a solvent wind-up, not a takeover offer, so no per-share price was paid to holders.
Tribal shares were quoted at 100.25p at 15:29 UK time, a minute before the announcement, against yesterday’s close of 101p. Closing prices have ranged between 99.6p and 103p since the 28th of September, up from 63p at the close on the 10th of September, the day before the deal was announced.
TRB.LSE
Tribal received £225,098,891 for the subsidiaries, plus £6,120,882 payable to option holders. Completion followed shareholder approval on the 26th of October and the satisfaction of a national security clearance condition.
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Chief executive Mark Pickett and chief financial officer Diane McIntyre have resigned from the board with immediate effect. Richard Last (Chair), Roger McDowell (senior independent director) and Nigel Halkes (non-executive director) remain. With no material trading operations left, the board said it is in shareholders’ best interests to seek cancellation of the AIM listing.
The total matches the raised price agreed on the 27th of September, up from about £189.3m, or about 86p a share, when the deal was announced on the 11th of September. The increase followed rival interest from Jenzabar, Tribal’s largest shareholder.
On the 27th of September the board said it expected net cash of not less than 105p a share, after about £8.4m of costs funded from cash in the subsidiaries. At 100.25p the shares sit about 4.5% below that figure.
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Tribal Group’s daily closing price, 10 August to 9 November 2026, against the original sale price of about 86p and the final price of about 105p a share.
Shareholders vote on the liquidation on the 7th of December. The last day of dealing is expected on the 4th of December, with a first distribution on or around the 21st of December and AIM cancellation on the 22nd of December. All dates are indicative and depend on that vote.
The shares stay ISA-qualifying until cancellation. After cancellation there is no trading facility.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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