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Digital Learning Marketplace p (ARGP)

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Thursday 01 March, 2012

Digital Learning Marketplace p

Digital Learning Marketplace plc : Arrangement...

Digital Learning Marketplace plc : Arrangements to raise £200,000

For immediate release
1 March 2012

DIGITAL LEARNING MARKETPLACE PLC
("DLM" or "the Company")

ARRANGEMENTS TO RAISE £200,000

The Board of DLM, the AIM traded digital learning business, is pleased to announce that the Company has agreed arrangements to raise £200,000 (before expenses).  Under these arrangements, the Company has placed 100,000,000 new ordinary shares (the "New Shares") at 0.20p per share (the "Issue") in return for an agreement to acquire 72,727,273 ordinary shares of 0.25 pence each in Athol Gold and Value Limited ("Athol"), an investment company, at a cost of £200,000, such Athol shares being available to be placed in an orderly fashion on DLM's behalf at some future date.

Athol reported a loss of £574,000 for the six months to 30 June 2011 and had at that date net assets of £3,093,000. As at 25 January 2012 Athol reported a fully diluted net asset value per share of 0.33p.  . As at the close of business on 1 March 2012 the 72,727,273 Athol Shares being acquired by DLM had a market value on AIM (at a closing mid market price of 0.27p) of £196,363.

The Issue is conditional on admission of the New Shares to trading on AIM ("Admission").  Application has been made to the London Stock Exchange for the New 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 6 March 2012.

Following Admission, the number of shares in issue will be 774,809,182 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.

Commenting on the transaction, Andy Hasoon CEO of IHP said,

"We will use the funds from the sale of the Athol shares to provide additional working capital and to finance the organic growth of the business and investment in the Digital Learning Marketplace project."

-ENDS-

For further information:

DLM plc       
Angus Forrest / Andy Hasoon   020 8997 8744  

Beaumont Cornish Limited, Nomad  
Roland Cornish   020 7628 3396

Rivington Street Corporate Finance, Joint Broker  
Jon Levinson   020 7562 3357

Allenby Capital Limited, Joint Broker  
Nick Naylor / Nick Athanas   020 3328 5656

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

NOTES TO EDITORS

About DLM

DLM is a digital learning company which specialises in the provision of productivity improvement, compliance and process change using training 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. Website: www.dlmplc.com.




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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