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RNS
Malvern International PLC   -  MLVN   

Completion of Disposal

Released 07:00 08-Jan-2020

RNS Number : 0572Z
Malvern International PLC
08 January 2020
 

 

 

 

 

8 January 2020

 

 

MALVERN INTERNATIONAL PLC

("Malvern" or the "Company")

 

Completion of sale of Malaysian business

Further to the announcement on 23 December 2019, Malvern International plc (AIM: MLVN), the global learning and skills development partner, is pleased to announce that the sale of its Malaysian business to AAA Management Science Academy PLT for a total cash consideration of MYR 400,000 (approximately £75,000), payable over a 13 month period, has duly completed.

Sam Malafeh, CEO of Malvern, said: "We are delighted to have completed this transaction, as we can now bring greater focus to growing our UK and Singapore operations."

 

 

For further information please contact:

 


Malvern International Plc

www.malverninternational.com

Dr Sam Malafeh - Chief Executive Officer

Via Communications Portfolio



WH Ireland (NOMAD & Broker)

www.whirelandcb.com

Mike Coe / Chris Savidge

0207 220 1666



Media enquiries


Communications Portfolio

ariane@communications-portfolio.co.uk

Ariane Comstive

+44 7785 922 354

 

Notes to Editors:

 

Malvern International is a global learning and skills development partner preparing students and learners to meet the demands of a professional life.  Courses are delivered on sites in London, Manchester, Singapore, and Malaysia, with the option of studying across multiple campuses over the duration of the same course, and online through the Malvern Online Academy.

 

Courses include:

·    Higher Education: Diploma, University degree and post-graduate programs;

·    Pathway: pre-University programs;

·    Professional: Professional examinations preparation e.g. ACCA, and corporate training;

·    Junior: Tuition services for secondary school students; and

·    Language: English language teaching.

 

Established in the 1980s and admitted to AIM in 2004, Malvern employs approximately 250 people and delivers a wide range of courses.  Malvern's growth strategy is driven by organic growth initiatives complemented by strategic acquisitions.

 

For further investor information go to www.malverninternational.com.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Completion of Disposal - RNS