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LTG Learning Technologies Group Plc

85.40
1.10 (1.30%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Learning Technologies Group Plc LSE:LTG London Ordinary Share GB00B4T7HX10 ORD 0.375P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.10 1.30% 85.40 85.60 85.95 86.25 82.80 84.30 968,489 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 596.9M 30.41M 0.0384 22.29 677.23M

Learning Technologies Group PLC Issue of new ordinary shares (6620I)

03/04/2020 7:00am

UK Regulatory


Learning Technologies (LSE:LTG)
Historical Stock Chart


From Mar 2019 to Mar 2024

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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 
 

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 rns@lseg.com or visit www.rns.com.

END

ALSEANLAELNEEFA

(END) Dow Jones Newswires

April 03, 2020 02:00 ET (06:00 GMT)

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