Information  X 
Enter a valid email address

Digital Learning Marketplace p (ARGP)

  Print      Mail a friend       Annual reports

Thursday 05 April, 2012

Digital Learning Marketplace p

Digital Learning Marketplace plc : Placing and ...

Digital Learning Marketplace plc : Placing and Issue of Equity

Embargoed until 7am                                                             5 April 2012

("DLM" or the "Company")

Placing and Issue of Equity

DLM (AIM: DLM), is pleased to announce that the Company has raised £102,325.25 (before expenses) through the placing of 51,162,625 new ordinary shares (the "Placing Shares") at 0.20p per share ("the Placing").  In addition, the Company will be issuing 2,500,000 new ordinary shares on the same terms in settlement of fees.  

The Placing is conditional on admission of the Placing 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 12 April 2011.

Following Admission the number of shares in issue will be 837,971,807 Ordinary shares of 0.05p each. 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 DLM plc said,
"Our primary objective in this Placing was to allow our certified high net worth individuals and sophisticated investors to participate in a funding round that issued new shares and was EIS qualified. We are delighted to have raised over £100,000 via this method, as we are strong believers that AIM companies should work more closely with their private investors, allowing them to participate in such events, so that we can mutually help each other - we access funds from long term investors and they access publicly listed EIS qualified investments."


For further enquiries please contact:

Digital Learning Marketplace Plc                       Tel: 020 7408 4720
Angus Forrest / Andy Hasoon

Beaumont Cornish Limited (NOMAD)              Tel: 020 7628 3396
Roland Cornish

Northland Capital Partners Limited (Broker)    Tel: 020 7796 8800
Katie Shelton / Tim Metcalfe

Rivington Street Corporate Finance (Broker    Tel: 020 7562 3357
Peter Greensmith

Leander (Financial PR)                                     Tel: 07795 168157
Christian Taylor-Wilkinson


About DLM
Digital Learning Marketplace plc is a London Stock Exchange AIM listed holding company run by a team of energetic and experienced learning professionals who share two simple but ambitious goals: to shape the future of management training and to transform the corporate learning industry.

DLM is building the next generation of innovative digital learning products - products that will bring about a step-change in the way organizations and individuals learn, develop and improve; and DLM has embarked on an aggressive but selective programme of mergers and acquisitions to consolidate what is a very fragmented market.

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


a d v e r t i s e m e n t