TIDMLTG

RNS Number : 1340B

Learning Technologies Group PLC

05 June 2019

5 June 2019

Learning Technologies Group plc

("LTG", the "Group")

(AIM: LTG)

AGM Statement

Learning Technologies Group plc, the leading integrated digital learning and talent management services and technologies provider, is holding its Annual General Meeting (AGM) at 11am today, 5 June 2019.

Andrew Brode, Chairman, will make the following remarks at the AGM:

"2018 was a transformational year for LTG. The acquisition of PeopleFluent extended the Group's range of capabilities from digital learning to the adjacent talent software market and today LTG offers a broad range of product and service offerings across a diversified range of geographies, market verticals and clients, with the majority of revenues generated from multi-year contracts.

LTG aims to combine organic growth with highly selected acquisitions, partnerships and R&D, and has established a track record of improving the operating model of acquired businesses. The acquisition of the complementary Breezy HR in April opens up avenues for strong organic growth in the talent acquisition software market, enhancing LTG's ability to leverage technology in new markets. LTG's product offering was further strengthened in May with the well-received launch of 'Instilled', a new home-grown Learning Experience Platform ('LXP').

Targeted product and services investment, early stage success in cross-selling initiatives, and a continuing focus on cost control are already generating momentum with a very positive YTD performance in 2019.

Our confidence remains high that the Group will achieve its strategic goal of run-rate revenues of GBP200m and run-rate EBIT of at least GBP55m by the end of 2021."

ENDS

Enquiries:

 
 Learning Technologies Group plc 
  Jonathan Satchell, Chief Executive                  +44 (0)20 7402 
  Neil Elton, Chief Financial Officer                           1554 
 Numis Securities Limited (NOMAD and Corporate 
  Broker) 
  Stuart Skinner, Nick Westlake (Nomad)               +44 (0)20 7260 
  Ben Stoop (Corporate Broker)                                  1000 
 Goldman Sachs International (Joint Corporate 
  Broker)                                             +44 (0)20 7774 
  Bertie Whitehead, Adam Laikin (Corporate Broker)              1000 
 FTI Consulting (Public Relations Adviser)            +44 (0)20 3727 
  Rob Mindell / Jamie Ricketts                                  1000

About LTG

LTG is a leader in the high growth workplace digital learning and talent management market. The Group offers end-to-end learning and talent solutions ranging from strategic consultancy, through a range of content and platform solutions to analytical insights that enable corporate and government clients to close the gap between current and future workforce capability.

LTG is listed on the London Stock Exchange's Alternative Investment Market (LTG.L) and headquartered in London. The Group has offices in Europe, North America and Asia-Pacific.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 05, 2019 02:00 ET (06:00 GMT)

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