Complex sentence: In late 2005 the RCO announced that this move would not be taking place; and subsequently that it would no longer be looking for a permanent home of this kind, focusing instead on core activity such as education, events, examinations and member services.
Split into simpler sentences: In late 2005 the RCO announced that this move would not be taking place. The College subsequently announced that it would no longer be looking for a permanent home of this kind, focusing instead on core activity such as education, events, examinations and member services.