LEARNING TECHNOLOGIES GROUP PLC

AGM Information • Nov 8, 2013

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RNS Number : 5203S

Learning Technologies Group PLC

08 November 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE REPUBLIC OF IRELAND

8 November 2013

Learning Technologies Group plc (previously In-Deed Online plc)

("LTG", the "Company")

Admission of the Enlarged Share Capital to trading on AIM

At the General Meeting of In-Deed Online plc, held yesterday 7 November 2013, the resolutions to approve the acquisition of Epic Group Limited ("Epic") and the change of name from In-Deed Online plc ("In-Deed") to Learning Technologies Group plc were approved by shareholders. Consequently, trading in the ordinary shares of the Enlarged Group will begin on AIM at 8am today under the ticker code LTG.L and the ISIN GB00B4T7HX10 following completion of the acquisition of Epic today.

·      Epic has been acquired by LTG for a total consideration of £16.3 million comprising the issue of 255,000,000 Consideration Shares and a payment to Epic Shareholders of an aggregate cash consideration of £1,323,254

·      Epic holds a leading position in the UK e-learning market, has international operations in Brazil and the US and provides a range of e-learning solutions to an extensive blue-chip client base

·      LTG plans to grow both organically and through acquisition within the highly fragmented e-learning space. In the medium term the Directors intend to grow LTG to a business generating annual revenue of at least  £50 million per year

·      The Board of LTG includes Andrew Brode (Chairman of AIM-listed RWS Holdings plc, Europe's largest technical translations group), Harry Hill (former CEO of Countrywide) and Jonathan Satchell (CEO of Epic with a strong track record of growing e-learning businesses)

·      The quality of Epic's pipeline of potential business gives the Board confidence that the Company will begin 2014 with a substantial order book

·      The number of ordinary shares on Admission, including the 255,000,000 Consideration Shares, will be  275,825,000 Shares

Jonathan Satchell, the new Chief Executive Officer of LTG, commented:

"We are delighted to have received the approval of In-Deed's shareholders, completed the transaction, and to be admitted onto AIM. The listing will enable us to accelerate our growth through our buy and build strategy. We are excited by our prospects both in the UK and internationally, and we have the ability to create a significant business in this growing market."

Enquiries

Learning Technologies Group plc	+44 (0)1273 468889
Jonathan Satchell, Chief Executive Officer
Numis Securities Limited	+44 (0)20 7260 1000
Stuart Skinner (Nominated Adviser)
James Serjeant (Corporate Broker)
College Hill	+44 (0)20 7457 2020
Matthew Smallwood

Defined terms used in this announcement shall have the same meaning as those terms defined and used in the circular convening a General Meeting and AIM Admission Document of the Company dated 22 October 2013, available at http://www.ltgplc.com/.

Neither LTG nor Numis Securities Limited nor any of their respective associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied by any forward-looking statements contained herein will actually occur. Other than in accordance with their legal or regulatory obligations (including under the AIM Rules, the Disclosure and Transparency Rules of the Financial Conduct Authority and the City Code on Takeovers and Mergers), neither LTG nor Numis Securities Limited is under any obligation, and each of them expressly disclaims any intention or obligation, to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

This information is provided by RNS

The company news service from the London Stock Exchange

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