Learning Technologies Group PLC Issue of new ordinary shares (6620I)
03 April 2020 - 5:00PM
UK Regulatory
TIDMLTG
RNS Number : 6620I
Learning Technologies Group PLC
03 April 2020
3 April 2020
Learning Technologies Group plc
(AIM: LTG)
Issue of new ordinary shares
In its trading update on 24 March LTG announced that it had
taken a number of proactive measures to prioritise the strong
liquidity and net cash position of the Group in response to the
COVID-19 outbreak.
Following the exceptional performance of BreezyHR (acquired in
April 2019), which delivered c.60% organic revenue growth in the
full-year, one of the measures announced was that $4.0 million of
the deferred contingent consideration due would be settled in
shares in lieu of a cash payment.
As a result the Company confirms that application has been made
to the London Stock Exchange for the admission of 2,408,585 new
ordinary shares to trading on AIM. Admission is expected to take
place at 8.00am on 7 April 2020.
Following the anticipated admission of these shares, the total
number of ordinary shares of 0.375p each in the capital of the
Company in issue will be 671,937,073 with each share carrying the
right to one vote.
LTG holds 404,340 shares in treasury. The figure of 671,532,733
may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
share capital of the Company under the Disclosure and Transparency
Rules.
Enquiries:
Learning Technologies Group plc
Jonathan Satchell, Chief Executive +44 (0)20 7402
Neil Elton, Chief Financial Officer 1554
Numis Securities Limited
Stuart Skinner (Nominated Adviser) +44 (0)20 7260
Ben Stoop (Corporate Broker) 1000
Goldman Sachs International (Joint Corporate
Broker) +44 (0)20 7774
Bertie Whitehead, Adam Laikin 1000
FTI Consulting (Public Relations Adviser) +44 (0)20 3727
Rob Mindell, Jamie Ricketts, Chris Birt 1000
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END
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