Marlowe plc (AIM:MRL) will look for acquisition opportunities. Marlowe (?Marlowe?, the ?Group? or the ?Company?) announced that it has entered into a binding agreement for the sale of certain Governance, Risk & Compliance (?GRC?) software and services assets (the ?Divestment?) to Inflexion Private Equity (?Inflexion?) (the ?Purchaser?), for an enterprise value of £430 million on a debt free, cash free basis (the ?Transaction?).

The Board has made no final decisions as to timing, quantum and specific application of the remaining Net Cash Proceeds following a return of Net Cash Proceeds to Ordinary Shareholders. However, the Board intends that remaining Net Cash Proceeds will be used to retire the current debt facility; return further capital to shareholders; and/or when the Board considers it appropriate to do so, invest in carefully selected bolt-on acquisition opportunities across our remaining Occupational Health and TIC assets once restructuring investments in respect of historically completed acquisitions have reduced.