Cambian Group PLC Conclusion of transitional services agreement (6533J)

TIDMCMBN

RNS Number : 6533J

Cambian Group PLC

30 June 2017

Cambian Group plc

Conclusion of transitional services agreement

Update on return of capital

As part of the sale of its adult services business in late 2016, Cambian committed to provide certain shared services to the buyer for a period of up to nine months under a transitional services agreement. We are pleased to report that the provision of these services ended on 28 June, allowing management to fully focus on being a high quality provider of specialist behavioural health services for children in the UK.

As reported on 26 April 2017, Cambian intends to return GBP50 million of capital to shareholders by way of a special dividend, the declaration of which remains subject to a number of conditions, including creation of sufficient distributable reserves and final Board approval. Good progress has been made and we expect to be in a position to announce further details of the special dividend in August, with payment thereafter.

Enquiries:

 
 Cambian Group plc                 +44 (0)20 8735 6150 
 Saleem Asaria, Chief Executive 
  Officer 
 Martin Hopcroft, Chief 
  Financial Officer 
 
 
 Instinctif Partners    +44 (0)20 7457 2020 
 Mark Garraway 
 James Gray

This information is provided by RNS

The company news service from the London Stock Exchange

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June 30, 2017 02:00 ET (06:00 GMT)

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