Exercise of share options

RNS Number : 0030I

Learning Technologies Group PLC

14 June 2017

 

14 June 2017

Learning Technologies Group Plc

Exercise of options, Director dealing and Total Voting Rights

Pursuant to the exercise of options by Dale Solomon (Chief Operating Officer), LTG confirms that an application has been made to the London Stock Exchange for the admission of 1,165,914 new ordinary shares to trading on AIM.  Admission of the new shares is expected to take place at 8.00am on 20 June 2017.

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 549,907,029 with each share carrying the right to one vote.

LTG holds 404,340 shares in treasury.  The figure of 549,502,689 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.

The options had an average exercise price of 1.882 pence per share and were subsequently sold at a price of 43.5 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)	115,881,671	21.07%	-
Harry Hill (Deputy Chairman)*	2,211,000	0.40%	-
Jonathan Satchell (Chief Executive)	105,289,995	19.15%	-
Neil Elton (Group Finance Director)	206,666	0.04%	3,000,000
Piers Lea (Chief Strategy Officer)*	17,023,383	3.10%	-
Dale Solomon (Chief Operating Officer)	-	-	19,395,076
Leslie-Ann Reed (Non-executive Director)	3,366,666	0.61%	-

*Including spouse

Enquiries

Learning Technologies Group plc	[phone]
Jonathan Satchell, Chief Executive Neil Elton, Group Finance Director
Numis Securities Limited	[phone]
Stuart Skinner / Michael Wharton (Nominated Adviser)
Ben Stoop (Corporate Broker)
Hudson Sandler LLP	[phone]
Andrew Hayes / Bertie Berger

1.	Details of the person(s) discharging managerial responsibilities/person closely associated with them
a)	Name	Dale Solomon
2.	Reason for the notification
a)	Position/status	Chief Operating 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 financial instrument	Ordinary shares of 0.375p each
	ISIN	GB00B4T7HX10
b)	Nature of transaction	Exercise of Options
c)	Price(s) and volume(s)	Price Volume £0.01882 1,165,914
d)	Aggregated information         -   Aggregated volume         -   Price	N/A
e)	Date of transaction	13 June 2017
f)	Place of transaction	Outside a trading venue

1.	Details of the person(s) discharging managerial responsibilities/person closely associated with them
a)	Name	Dale Solomon
2.	Reason for the notification
a)	Position/status	Chief Operating 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 financial instrument	Ordinary shares of 0.375p each
	ISIN	GB00B4T7HX10
b)	Nature of transaction	Disposal of shares
c)	Price(s) and volume(s)	Price Volume £0.435 1,165,914
d)	Aggregated information         -   Aggregated volume         -   Price	N/A
e)	Date of transaction	13 June 2017
f)	Place of transaction	Outside a trading venue

 

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