ILX Group PLC Result of General Meeting (4528K)

TIDMILX

RNS Number : 4528K

ILX Group PLC

21 August 2012

ILX Group PLC

("ILX" or "the Group" or "the Company")

Issue of Equity

Result of General Meeting

Appointment of Executive Chairman

ILX Group plc (AiM: ILX), the AIM quoted provider of e-learning software and business training, is pleased to announce that at today's General Meeting, all resolutions were duly passed.

Accordingly, and further to the announcement released by the Company on 1 August 2012, 8,290,000 new ordinary shares of 10 pence each in the share capital of the Company have been issued and allotted ("New Ordinary Shares"). Of these New Ordinary Shares, 7,890,000 have been issued and allotted to Praxis Trustees and 400,000 have been issued and allotted to Ken Scott, Chief Executive of ILX.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m. on 28 August 2012. Following Admission, the Company will have 39,933,376 ordinary shares of 10 pence each ("Ordinary Shares") in issue. Praxis Trustees will hold 11,940,000 Ordinary Shares in total, representing 29.9 per cent. of the enlarged issued share capital. Ken Scott will hold 818,062 Ordinary Shares in total, representing 2.05 per cent. of the enlarged issued share capital.

Appointment of Executive Chairman

As detailed in the announcement of 1 August 2012, Wayne Bos has now joined the Board as Executive Chairman. Paul Lever remains on the Board as a non-executive director.

Wayne Malcom Bos, aged 46, has over 20 years' experience managing and investing in business over a wide range of sectors, with particular expertise in the software and technology sector. His career includes 3 years as Chief Executive of Sausage Software, an Australian public company, which he grew to a market capitalisation of A$2.5bn in 2001, and President and CEO of Natrol, a Nasdaq listed Nutraceutical company, sold to Plethico, an Indian public company, in 2008. In the last four years, he has made several public and private company investments. Wayne Bos is a discretionary beneficiary of the DNY Trust. As detailed above, following Admission, Praxis Trustees will hold 11,940,000 Ordinary Shares as trustee of the DNY Trust.

Wayne Bos holds and has held the following directorships over the past five years:

Current Directorships

Amad Holdings Pty Ltd

Comms Aust No 1 Pty Ltd

Comms Aust Pty Ltd

Communications Australia Pty Ltd

Garden Drive Corner Properties Pty Ltd

Sixville Pty Ltd

Tahoe Lane Pty Ltd

WMB Consulting Pty Ltd

Yarra Business Investments Pty Ltd

Former Directorships

Aviation Training Australasia Pty Ltd

BDL Family Pty Ltd

Catalina Drive Properties Pty Ltd

Dama Equities Pty Ltd

Dama Management Pty Ltd

Garden Drive Properties Pty Ltd

Tahoe Farms Pty Ltd

Tomorrow Corporation Pty Ltd

Yamala Pty Ltd

There are no other disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.

Annual Report for the year ended 31 March 2012

The Annual Report for the year ended 31 March 2012 has today been published and sent to shareholders. It is available to view on www.ilxgroup.com.

21 August 2012

For more information:

   ILX Group plc                                                                      020 7751 7100 

Ken Scott, Chief Executive

   FinnCap                                                                               020 7220 0500 

Marc Young/ Charlotte Stranner

   Lothbury Financial Services Limited                          020 7868 2010 

Michael Padley / Chris Roberts

This information is provided by RNS

The company news service from the London Stock Exchange

END

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