Source - RNS
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

+44 (0)1273 468 889

Jonathan Satchell, Chief Executive

Neil Elton, Group Finance Director




Numis Securities Limited

+44 (0)20 7260 1000

Stuart Skinner / Michael Wharton (Nominated Adviser)


Ben Stoop (Corporate Broker)




Hudson Sandler LLP

+44 (0)20 7796 4133

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

 


This information is provided by RNS
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