Learning Technologies Group PLC Director dealing and grant of share options (4811G)

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              [phone] 
  Neil Elton, Chief Financial Officer                       1554 
 Numis Securities Limited (NOMAD and Corporate 
  Broker) 
  Stuart Skinner / Nick Westlake (Nomad)          [phone] 
  Ben Stoop (Corporate Broker)                              1000 
 Goldman Sachs International (Joint Corporate 
  Broker) 
  Bertie Whitehead, Adam Laikin (Corporate        [phone] 
  Broker)                                                   1000 
 FTI Consulting (Public Relations Adviser)        [phone] 
  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 
     --------------------------------  --------------------------------- 
 

This information is provided by RNS, the news service of the 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 [e-mail] or visit www.rns.com.

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July 24, 2019 02:01 ET (06:01 GMT)