Mr. Diarmuid Collins:

We built an academic relationship with the IMI in the past few years. During that time we developed a number of joint programmes that are still ongoing. We acquired the IMI as a subsidiary of UCC in November 2016. In terms of UCC subsidiaries and the 2016 accounts, the IMI is to be a 100% owned subsidiary of UCC. It is a provider of executive level education, an area in which UCC has traditionally been weak.