Progility Regulatory News (PGY)

11 Aug 2006 10:23

ILX Group PLC11 August 2006 ILX Group plc AGM Statement & Trading Update ILX Group plc ('ILX Group'), the AIM quoted vocational education and trainingspecialist, today held its Annual General Meeting at 10:00am at One London Wall,London, EC2Y 5AB. All resolutions were passed unanimously. Following the formal proceedings of the AGM, Ken Scott, Chief Executive of ILXGroup plc, made the following statement to shareholders: "Performance of ILX Group has been very encouraging and for the second yearrunning, the strong set of Results for the year ended 31 March 2006 hasunderscored our dependability in delivering quality profits. We havedemonstrated that we can deliver profits, growth and well judged acquisitionsthat can be successfully integrated within the framework of ILX Group plc.Following shareholder approval which was given today at the AGM, the Company'smaiden dividend of 0.75p per share will be paid on August 15. Trading in the first quarter I am pleased to report has been very encouraging,with continued robust organic growth on a like-for-like basis. During thisperiod, we have sold training products and related services across the Group toapproximately 700 customers including Legal & General, Royal & SunAlliance, BAT,Computacenter, Serco, BP, Capita Symonds, Premier Foods, AT&T, Vodafone, VirginMobile, Pension Protection Fund, The Home Office and many local councils andauthorities across the UK. Corporate Training Group (CTG), our most recentacquisition, will also have a marked impact on the current year's performance.As I said on 30 June when we announced this acquisition, CTG will bringconsiderable scale and will effectively double the profitability of the currentILX Group business. Trading continues to be in line with the Board's expectations and we areoptimistic for the current year's performance and for the future well being ofthe ILX Group." For further information, please contact: ILX Group plc Parkgreen Communications LtdKen Scott Paul McManusTel: 020 7371 4444 Tel: 020 7493 3713www.ilxgroup.com Mob: 07980 541 893 Editor's Notes ILX Group plc is a leading provider of vocational training to the private andpublic sectors, delivered through Computer Based Training (CBT), e-Learning,instructor-led courses/workshops. ILX Group now trades through two divisions: • Best Practice provides CBT, e-learning, instructor-led training and implementation consultancy principally to the project management, IT service management and business finance markets www.ilxgroup.com • Banking & Finance (through CTG) provides instructor-led training, workshops and related services, principally to the investment banking community www.ctguk.com This information is provided by RNS The company news service from the London Stock Exchange