Learning Technologies Group PLC Director dealing and grant of share options (4811G)
24 July 2019 - 4:01PM
UK Regulatory
TIDMLTG
RNS Number : 4811G
Learning Technologies Group PLC
24 July 2019
24 July 2019
Learning Technologies Group plc
(AIM: LTG)
Director dealing and grant of share options
Learning Technologies Group plc, provider of services and
technologies for digital learning and talent management, announces
that on 23 July 2019 Leslie-Ann Reed (Non-executive Director)
acquired 271,646 ordinary shares in the Company at an average price
of 114.29 pence per Ordinary Share.
Following the transaction above, Leslie-Ann Reed's beneficial
holding in the Company is 6,458,180 Ordinary Shares and this
holding represents approximately 0.967 per cent of the Company's
issued share capital.
Further, the Company granted Neil Elton (Chief Financial
Officer) 1,000,000 unapproved share options at an exercise price of
75.2 pence per share. The vesting of these new share options are
subject to the achievement of demanding performance criteria;
500,000 share options will vest on the one year anniversary of the
LTG share price being at least 150 pence for 30 consecutive days. A
further 500,000 share options will vest on the one year anniversary
of the LTG share price being at least 180 pence for 30 consecutive
days.
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)
Bertie Whitehead, Adam Laikin (Corporate +44 (0)20 7774
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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Leslie-Ann Reed
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Non-executive Director
------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Learning Technologies Group PLC
------------------------------- ----------------------------------
b) LEI 21380039DW5LJ4FIC214
------------------------------- ----------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the Ordinary shares of 0.375p each
Financial instrument,
type of instrument
Identification code GB00B4T7HX10
------------------------------- ----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
114.29 pence 271,646
----------
------------------------------- ----------------------------------
d) Aggregated information: See 4 (c) above
* Aggregated volume
* Price
------------------------------- ----------------------------------
e) Date of the transaction 23 July 2019
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Neil Elton
-------------------------------- ---------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------- ---------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Learning Technologies Group PLC
-------------------------------- ---------------------------------
b) LEI 21380039DW5LJ4FIC214
-------------------------------- ---------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the Ordinary shares of 0.375p each
Financial instrument,
type of instrument
Identification code GB00B4T7HX10
-------------------------------- ---------------------------------
b) Nature of the transaction Grant of share options
-------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
75.20 pence 1,000,000
----------
-------------------------------- ---------------------------------
d) Aggregated information: See 4 (c) above
* Aggregated volume
* Price
-------------------------------- ---------------------------------
e) Date of the transaction 23 July 2019
-------------------------------- ---------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------------
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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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