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Learning Tech Gp PLC - Director dealing and issue of new ordinary shares

RNS Number : 9179Z
Learning Technologies Group PLC
23 September 2020
 

23 September 2020 

 

Learning Technologies Group plc

(AIM: LTG)

 

Director dealing and issue of new ordinary shares

 

Learning Technologies Group plc, provider of services and technologies for digital learning and talent management, announces that on 22 September 2020 Neil Elton (Chief Financial Officer) exercised 1,000,000 options over Ordinary Shares in the Company which were sold at an average price of 128.46 pence per Ordinary Share.  The purpose of this sale is to fund a house purchase.

 

Pursuant to the exercise of these share options, the Company confirms that application has been made to the London Stock Exchange for the admission of 1,000,000 new ordinary shares to trading on AIM.  Admission is expected to take place at 8.00am on 29 September 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 738,641,335 with each share carrying the right to one vote.

 

LTG holds 404,340 shares in treasury. The figure of 738,236,995 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.

 

Following the transaction above, Neil Elton continues to hold an interest in 3,026,315 share options and has a beneficial holding of 439,562 Ordinary Shares in the Company representing approximately 0.060 per cent of the Company's issued share capital.

 

 Enquiries:

 

Learning Technologies Group plc

Jonathan Satchell, Chief Executive

Neil Elton, Chief Financial Officer

 

+44 (0)20 7402 1554

Numis Securities Limited (NOMAD and Joint Corporate Broker)

Stuart Skinner, Nick Westlake, Ben Stoop

 

+44 (0)20 7260 1000

Goldman Sachs International (Joint Corporate Broker)

Bertie Whitehead, Adam Laikin

 

+44 (0)20 7774 1000

FTI Consulting (Public Relations Adviser)

Rob Mindell, Jamie Ricketts, Chris Birt

+44 (0)20 3727 1000

 

 

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Quick facts: Learning Technologies Group PLC

Price: 136.3

Market: AIM
Market Cap: £1.01 billion
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