Proactive Investors - Run By Investors For Investors

Learning Technologies trio trim holdings in e-learning group

Shares in the group have more than doubled over the past year

Three directors in Learning Technologies Group plc (LON:LTG) have trimmed their holdings in the e-learning group in a secondary placing at 130p.

Jonathan Satchell, chief executive, Annabel Carol Lea who is associated with Piers Lea the company’s chief strategy officer, and Tim Martin sold 31.3mln shares in total.

Satchell’s stake is now approximately 11.3%. Piers Lea holds 1.3% and Tim Martin 0.6%.

Shares in the group have more than doubled over the past year and last month the group forecast full-year profit will be significantly ahead of its previous expectations.

The first half of 2018 saw revenue rise 60% to £33.8mln from £21.1mln the year before, with the proportion of recurring revenue rising to 51% from 37%.

Satchell and Lea have agreed not to sell any more shares for a year, while Martin has agreed to a three-month lock-up.

 

 

View full LTG profile View Profile

Learning Technologies Group plc Timeline

Related Articles

MRI scanner
Tue
The company invests and helps build companies in the medical and technology sectors, with a target exit valuation of over US$100mln
FPGA
March 04 2019
The company’s main focus is on the use of field-programmable gate array (FPGA) technology, a programmable system that helps to reduce pressure on computer processors
Iran sanctions cartoon
September 21 2018
The group has been providing baggage screening services at Freetown International Airport in Sierra Leone for the past five years

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use