RM plc Divests TTS Business in Up to GBP54 Million Deal

01:08 AM EDT, 09/30/2026 (MT Newswires) -- RM plc (RM.L) completed the sale of its subsidiary RM Educational Resources, the operator of its TTS business, to Eduviva Group at an enterprise value of up to 53.5 million pounds sterling, according to a Tuesday release. The deal includes an initial consideration of 36.3 million pounds, and a deferred consideration of up to 3 million pounds tied to TTS' financial performance in the next 12 months. Eduviva will also assume a 14.2 million-pound lease liability. RM expects net proceeds of 31 million pounds after fees, which will be used to reduce debt. As a result, net debt, including lease liabilities, is expected to fall 50% to 34 million pounds by the end of fiscal 2026. The company also projects 5 million pounds of annualized cost savings to be fully realized in fiscal 2028.