Learning Technologies Group Regulatory News (LTG)

3 April 2020 

Learning Technologies Group plc

(AIM: LTG)

Issue of new ordinary shares

In its trading update on 24 March LTG announced that it had taken a number of proactive measures to prioritise the strong liquidity and net cash position of the Group in response to the COVID-19 outbreak.

Following the exceptional performance of BreezyHR (acquired in April 2019), which delivered c.60% organic revenue growth in the full-year, one of the measures announced was that $4.0 million of the deferred contingent consideration due would be settled in shares in lieu of a cash payment.

As a result the Company confirms that application has been made to the London Stock Exchange for the admission of 2,408,585 new ordinary shares to trading on AIM. Admission is expected to take place at 8.00am on 7 April 2020.

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 671,937,073 with each share carrying the right to one vote.

LTG holds 404,340 shares in treasury. The figure of 671,532,733 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.

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