29 April 2016
Learning Technologies Group Plc
Exercise of options, Directors' dealings and Total Voting Rights
Pursuant to the exercise of options, LTG confirms that application has been made to the London Stock Exchange for the admission of 1,100,000 new ordinary shares to trading on AIM. Admission of the new shares is expected to take place at 8.00am on 5 May 2016.
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 418,694,419 with each share carrying the right to one vote.
The Company holds 404,340 shares in treasury. The above figure 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.
Of the options exercised Dale Solomon (Chief Operating Officer) exercised 1,065,000 options at an exercise price of 1.88 pence per share which were subsequently sold at a price of 34.00 pence per share.
On the same day Leslie-Ann Reed (Non-executive Director) acquired 350,000 shares in the Company at a price of 34.00 pence per share.
Following the above transactions the beneficial interests of all Directors in the share capital of the Company are as follows:
Director |
No of shares |
% of Issued |
No of options |
Andrew Brode (Chairman) |
113,215,005 |
27.04% |
- |
Harry Hill (Deputy Chairman)* |
2,028,000 |
0.48% |
- |
Jonathan Satchell (Chief Executive) |
105,289,995 |
25.15% |
- |
Neil Elton (Group Finance Director) |
160,000 |
0.04% |
1,000,000 |
Piers Lea (Chief Strategy Officer)* |
17,023,383 |
4.07% |
- |
Dale Solomon (Chief Operating Officer) |
- |
- |
20,561,013 |
Leslie-Ann Reed (Non-executive Director) |
1,100,000 |
0.26% |
- |
Peter Gordon (Non-executive Director) |
2,000,000 |
0.48% |
- |
*Including spouse
Enquiries
Learning Technologies Group plc |
+44 (0)1273 468 889 |
Jonathan Satchell, Chief Executive Neil Elton, Group Finance Director |
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Numis Securities Limited |
+44 (0)20 7260 1000 |
Stuart Skinner / Michael Wharton (Nominated Adviser) |
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Ben Stoop (Corporate Broker) |
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Hudson Sandler Limited |
+44 (0)20 7796 4133 |
Cat Valentine / Katie Matthews |
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