Last checked at 26 Jun 2017 07:00
26 June 2017
Learning Technologies Group Plc
Exercise of options, Directors' dealings and Total Voting Rights
The Company hereby confirms that the following share dealings and exercise of options took place on 23 June 2017:
Dale Solomon (Chief Operating Officer) exercised 18,388,607 share options at an exercise price of 5.88 pence per share. 12,388,607 shares were subsequently sold at a price of 41.50 pence per share to satisfy ensuing tax liabilities and costs. Following this transaction Dale Solomon's beneficial interest in the Company is 6,000,000 shares. He has undertaken not to sell any of these shares for a period of at least one year.
Furthermore, the Company announces that Jonathan Satchell (Chief Executive) and Annabel Lea, the wife of Piers Lea (Chief Strategy Officer), each sold 1,000,000 shares also at 41.50 pence per share in order to satisfy institutional buying demand.
Leslie-Ann Reed (Non-executive Director) acquired 240,408 shares at 41.58 pence per share.
A further 487,500 share options were exercised by employees of the Group at an average exercise price of 2.40 pence per share. These shares were subsequently sold at a price of 41.50 pence per share.
LTG confirms that an application has been made to the London Stock Exchange for the admission of 18,876,107 new ordinary shares to trading on AIM. Admission of the new shares is expected to take place at 8.00am on 30 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 568,783,136 with each share carrying the right to one vote.
LTG holds 404,340 shares in treasury. The figure of 568,378,796 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 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 | 20.37% | - |
Harry Hill (Deputy Chairman)* | 2,211,000 | 0.39% | - |
Jonathan Satchell (Chief Executive) | 103,039,995 | 18.12% | - |
Neil Elton (Group Finance Director) | 206,666 | 0.04% | 3,000,000 |
Piers Lea (Chief Strategy Officer)* | 16,023,383 | 2.82% | - |
Dale Solomon (Chief Operating Officer) | 6,000,000 | 1.05% | 1,006,491 |
Leslie-Ann Reed (Non-executive Director) | 4,875,074 | 0.85% | - |
*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 LLP | +44 (0)20 7796 4133 |
Andrew Hayes / Bertie Berger |
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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) |
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d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of transaction | 23 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 | Sale of shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of transaction | 23 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 | Jonathan Satchell | ||||
2. | Reason for the notification | |||||
a) | Position/status | Chief Executive | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of transaction | 23 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 | 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 | Ordinary shares of 0.375p each | ||||
| ISIN | GB00B4T7HX10 | ||||
b) | Nature of transaction | Sale of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of transaction | 23 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 | Leslie-Ann Reed | ||||
2. | Reason for the notification | |||||
a) | Position/status | Non-Executive Director | ||||
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 | Purchase of shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of transaction | 23 June 2017 | ||||
f) | Place of transaction | Outside a trading venue | ||||