Source - LSE Regulatory
RNS Number : 4633O
Learning Technologies Group PLC
01 February 2023
 

1 February 2023 

 

Learning Technologies Group plc

("LTG", the "Group" or the "Company")

(AIM: LTG)

 

Exercise of options and issue of new ordinary shares; PDMR Dealing

 

 

Pursuant to the exercise of share options the Company confirms that application has been made to the London Stock Exchange for the admission of 703,193 new ordinary shares to trading on AIM. Admission is expected to take place at 8.00am on 3 February 2023.

 

Out of the 703,193 shares, 32,667 shares are being allotted to satisfy the exercise of 2019 Sharesave Scheme options and purchase of shares by Executive Director/PDMR Piers Lea. Following this allotment Piers now holds 8,746,697 shares, representing approximately 1.1% of the issued share capital, of which 2,000,000 shares are held in a Family Trust where Piers Lea is a Trustee, and therefore the trust is considered to be a Person Closely Associated with Piers Lea.

 

The remaining 670,526 shares are being allotted to satisfy the exercise of unapproved options by employees.

 

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 790,528,034.

 

404,340 shares are held in LTG's Employee Benefit Trust. Voting rights and dividend entitlements have been waived for those shares. The figure of 790,123,694 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

Kath Kearney-Croft, Chief Financial Officer

 

+44 (0)20 7402 1554

Numis Securities Limited (NOMAD and Corporate Broker)

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, Jamille Smith

+44 (0)20 3727 1000

 

 

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Piers Lea

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Strategy 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, type of instrument

 

Identification code

 

 

 

Ordinary shares of 0.375p each

 

GB00B4T7HX10 

b)

 

Nature of the transaction

 

 

Exercise of options under 2019 Sharesave Scheme and purchase of shares at fixed option price pursuant to that Scheme

 

 

c)

 

 

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£0.551 per share

32,667 shares

 

 

d)

 

Aggregated information

See 4 (c) above

e)

 

Date of the transaction

 

 

27 January 2023

 

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

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END
 
 
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