Scrip Dividend and Annual Report and Accounts (1596M)

TIDMILX

RNS Number : 1596M

ILX Group PLC

11 August 2011

ILX Group PLC

("ILX" or the "Group")

Scrip Dividend and Posting of Annual Report and Accounts

Further to the announcement by the Group on 27 June 2011 of its preliminary results for the year ended 31 March 2011 in which the Directors declared a dividend (the "Dividend") of 1.5 pence per ordinary share in the Group ("Ordinary Share") and the offer of a scrip alternative to the Dividend (the "Scrip") in respect of the year ended 31 March 2011, the Board of ILX confirms that the Scrip reference price for the fully paid Ordinary Shares to be issued to shareholders electing to receive the Scrip alternative for the Dividend, payable on 14 October, will be 28.3 pence per Ordinary Share.

The Scrip reference price has been calculated by taking the average mid-market closing price of the Group's Ordinary Shares over the five business days commencing on the ex-dividend date. In respect of the final dividend for the year ended 31 March 2011, this was the period 3 August to 9 August 2011.

As at the record date there were 26,972,580 Ordinary Shares in issue. If none of the shareholders were to elect the Scrip dividend, a total cash dividend of GBP404,588.70 would be paid. If all shareholders were to elect to participate in the Scrip Dividend Scheme in respect of their entire shareholdings as at such date, based on the Scrip reference price of 28.3 pence per share, the maximum number of new Ordinary Shares required to be issued by the Group, for Scrip dividend purposes, would be 1,429,642, representing approximately 5.3% of the Group's issued share capital on the record date.

The exact number of shares which will require to be issued will be established after 16 September 2011, the final date for receipt of elections to participate in the Scrip Dividend Scheme.

Scrip dividend timetable for the final dividend for the year ended 31 March 2011

Ex-dividend date 3 August 2011

Record date 5 August 2011

Scrip reference price calculation period 3 August to 9 August 2011

Last date for receipt of Scrip elections 16 September 2011

Payment Date 14 October 2011

The Group also announces that that the Report and Accounts for the year ended 31 March 2011, which include details of how to apply for the Scrip, will be made available on the ILX website (www.ilxgroup.com) from 12 August 2011 and posted to shareholders who have opted to receive hard copies on 15 August 2011.

For further information, please contact:

 
 ILX Group plc                                  020 7751 7100 
 Ken Scott, Chief Executive 
 FinnCap                                        020 7600 1658 
 Marc Young, Charlotte Stranner - Corporate 
  Finance 
  Victoria Bates, Joanna Weaving - Corporate 
  Broking 
 Lothbury Financial Services Limited            020 7868 2010 
 Michael Padley / Chris Roberts 
 

Editors' Note

ILX Group plc (www.ilxgroup.com) is a leading provider of Best Practice learning products and services to the private and public sectors. ILX Group offers a variety of accredited technology led courses through a blend of traditional classroom, workshops & live forums and across all multi-media platforms: e-learning, social learning & mobile learning. It has developed its own proprietary software and is the market leader in PRINCE2. It trades through two divisions:

1. Best Practice provides e-learning, instructor-led learning and implementation consulting principally to the programme and project management, IT service management and business finance markets.

2. International was formed in late 2009 and provides products and services to overseas markets, including Australia, New Zealand, Middle East, US and across Europe.

This information is provided by RNS

The company news service from the London Stock Exchange

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