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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 |
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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