Directors of Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF) have recommended shareholders accept the offer from acquisition vehicle Leopard UK, which yesterday confirmed its bid would not be increased from 100p per share.
Leopard UK is a new company formed by funds managed by GASC including Atlantic Park.
Last week, LTG warned that due to an executive order from new US President Donald Trump, US subsidiary Affirmity’s earnings would be materially affected.
Leopard UK reminded shareholders yesterday that Affirmity is a major contribution to LTG’s performance and Trump’s move might impact when the business overall returns to growth.