ILX Group PLC Result of General Meeting (6357P)

TIDMILX

RNS Number : 6357P

ILX Group PLC

03 October 2013

For immediate release:

3 October 2013

ILX Group PLC

Result of General Meeting, Proposed Completion of Acquisition and Change of Name

("ILX" or the "Company")

ILX Group PLC (AIM: ILX), the training, consultancy and recruitment group, is pleased to announce that at the Company's General Meeting held at 10.30am today, all the resolutions were duly passed, namely to:

   1.      approve the acquisition of Progility Pty Ltd; 

2. approve the Takeover Panel's waiver of Rule 9 of the City Code in respect of a concert party comprising the sellers of Progility Pty Ltd and others;

   3.      authorise the Directors to allot relevant securities including the Consideration Shares; 
   4.      change the Company's name to Progility plc; and 

5. authorise the Directors to allot equity securities for cash disapplying statutory pre-emption rights.

Consequently, the acquisition by the Company of Progility Pty Ltd can now proceed to completion and the change of the Company's name can be registered at Companies House.

Completion of the Acquisition and Admission of the Enlarged Share Capital to trading on AIM are expected to take place at 8.00am on Monday 7 October 2013; at which time the Company's shares will commence trading under its new name of Progility plc (AIM: PGY).

Following admission, the issued share capital in Progility plc will be 199,666,880 Ordinary Shares of 10 pence each. The figure of 199,666,880 Ordinary Shares may be used by shareholders to 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 Financial Conduct Authority's Disclosure and Transparency Rules.

Definitions

The definitions applied in the Admission Document sent to Shareholders on 10 September 2013 apply in this announcement. The Admission Document is available on the Company's website: www.ilxgroup.com.

 
 
   For further information, please contact: 
 
 ILX Group PLC 
 John McIntosh                                 020 7371 4444 
 
 SPARK Advisory Partners Limited (Nominated 
  Advisor) 
 Mark Brady                                    020 3368 3551 
 Sean Wyndham-Quin                             020 3368 3555 
 
 W H Ireland Limited (Broker) 
 Adrian Hadden / Nicholas Field                020 7220 1666 
 
 Tavistock Communications 
 Catriona Valentine / Niall Walsh              020 7920 3150 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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