AGM Statement (5598O)
20 September 2011 - 7:30PM
UK Regulatory
TIDMILX
RNS Number : 5598O
ILX Group PLC
20 September 2011
ILX GROUP PLC
("ILX" or "the Group")
AGM STATEMENT
At its Annual General Meeting held today, Paul Lever, the
Chairman of ILX Group plc, the AIM quoted provider of e-learning
software and business training, made the following comments:
"Despite the prolonged difficulties in world markets we continue
to win business, especially overseas. Since the publication of the
results for 2010/11 in June we have announced a NZ$500,000 contract
win with the New Zealand Defence Force and have continued to see
growth in revenues and profits.
"The dividend has been restored and shareholders again have the
option of a scrip payment.
"I said last year that the Group's unique strength lies in its
proprietary software products and this has proven to be the case as
the percentage of revenue from this source continues to increase,
which in turn helps to improve margins. As a result we were
reclassified by the Stock Exchange in June this year as a software
company.
"In summary, we remain confident regarding the outcome for the
year; the UK is performing in line with expectations, we are seeing
sustained growth overseas and we have experienced a continued shift
towards software sales. Overall, the Board is pleased with the
progress the Company has made".
All resolutions put to the meeting were passed.
In addition, the Board of ILX announces that it has received
elections for scrip dividends in respect of 11,712,272 ILX ordinary
shares, representing 43.4% of the Company's issued share capital.
This will result in the issue of 620,796 new ordinary shares,
representing 2.3% of the Company's issued share capital, which will
rank pari passu with all existing ILX shares. Application will be
made for admission of the new ILX shares to trading on AIM and
dealings are expected to commence on 14 October 2011.
20(th) September 2011
For further information, please contact:
ILX Group plc 020 7751 7100
Ken Scott, Chief Executive
FinnCap 020 7220 0500
Marc Young - Corporate Finance
Tom Jenkins - Corporate Broking
Lothbury Financial Services
Limited 020 7868 2010
Michael Padley / Chris Roberts
Editors' Note
ILX Group plc (www.ilxgroup.com) is a leading provider of Best
Practice learning products and services to the private and public
sectors. ILX Group offers a variety of accredited technology led
courses through a blend of traditional classroom, workshops &
live forums and across all multi-media platforms: e-learning,
social learning & mobile learning. It has developed its own
proprietary software and is the market leader in PRINCE2. It trades
through two divisions:
1. Best Practiceprovides e-learning, instructor-led learning and
implementation consulting principally to the programme and project
management, IT service management and business finance markets.
2. International was formed in late 2009 and provides products
and services to overseas markets, including Australia, New Zealand,
Middle East, US and across Europe.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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