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Digital Learning Marketplace p (ARGP)

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Wednesday 15 February, 2012

Digital Learning Marketplace p

Digital Learning Marketplace plc : Issue of Equ...

Digital Learning Marketplace plc : Issue of Equity and Directors' Dealings

        15 February 2012

("DLM" or "the Company")

Issue of Equity and Directors' Dealings

Further to the announcement regarding a placing made earlier today, the Company now announces that the Directors have subscribed for a total of 9,500,000 new ordinary shares  ("the Placing Shares") @ 0.20p per share, raising £19,000 net of costs.  Together with the £11,600 raised net of costs already announced, the total of £30,600 will be used for general working capital purposes.

 Following the issue of Placing Shares, the Directors' shareholdings will be as follows:

Placing shares Shareholding following placing Percentage of issued shares following placing
Angus Forrest        800,000 19,310,234 2.8
Bruce Leith        1,200,000 7,630,000 1.1
Andy Hasoon        7,500,000 7,500,000 1.1

The issues are conditional on admission of the Shares to trading on AIM ("Admission").  Application has been made to the London Stock Exchange for the Placing Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM. Admission is expected to become effective and dealings to commence on or around 20 February 2012.

Following Admission the number of shares in issue will be 684,309,182 Ordinary shares of 0.05 pence per share. This figure 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 Financial Services Authority's Disclosure and Transparency Rules.


For further information:

DLM plc                                                                   020 7408 4720
Andy Hasoon, Chief Executive
Angus Forrest, Chairman       

Beaumont Cornish Limited (Nomad)                    020 7628 3396
Roland Cornish

Rivington Street Corporate Finance (Broker)      020 7562 3357
Jon Levinson

Allenby Capital Limited (Broker)                           020 3328 5656
Nick Naylor / Nick Athanas

Leander (Financial PR)                                            07795 168 157
Christian Taylor-Wilkinson


About DLM plc

DLM plc is a digital learning company which specialises in the provision of productivity improvement, compliance and process change using truly engaging elearning to provide the solutions.  The appropriate solution may be digital learning or instructor lead, or blended learning a mix of the two, to regulated industries and distributed workforces.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Digital Learning Marketplace plc via Thomson Reuters ONE


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