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Digital Learning Marketplace p (ARGP)

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Friday 29 June, 2012

Digital Learning Marketplace p

Digital Learning Marketplace plc : Statement re...

Digital Learning Marketplace plc : Statement re suspension

        29 June 2012

Digital Learning Marketplace plc
("DLM plc", or "the Company")

Statement re suspension

The directors of DLM announce that the Company is not in a position to publish its audited accounts to 31 December 2011 by 30 June 2012, and accordingly, under the AIM Rules, trading in the Company's shares has been suspended with immediate effect.

The directors had been working with the Company's brokers to raise £2 million to facilitate an acquisition programme, for investment in the new product portfolio and to provide working capital.  However, because of market conditions this fundraising has not been successful.

The directors are now therefore revising the Company's short term strategy - to include a lower working capital requirement, and no immediate acquisitions - and expect to make further announcements to update the market on the revised strategy, and when the audited accounts, as referred to above, can be issued.  

For further information:

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                                                      Tel: 020 7562 3357
Peter Greensmith

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

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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