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Digital Learning Marketplace p (ARGP)

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Friday 10 August, 2012

Digital Learning Marketplace p

Digital Learning Marketplace plc : Placing and TVR

Digital Learning Marketplace plc : Placing and TVR

For Immediate Release        10 August 2012

DIGITAL LEARNING MARKETPLACE PLC
("DLM" or the "Company")
Placing and TVR

DLM (AIM: DLM), is pleased to announce that the Company has raised £276,567 (before expenses) through the placing of 276,567,000 new ordinary shares (the "Placing Shares") at 0.10p per share ("the Placing").

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 16 August 2012.

Following Admission the number of shares in issue will be 1,114,538,807 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, Angus Forrest, Chairman said,
"This placing is one of the steps the Board has taken in the restructuring announced earlier in conjunction with reducing the Company's cost base and is specifically to strengthen the Company's finances."

-ENDS-

For further enquiries please contact:

Digital Learning Marketplace Plc                                 
Angus Forrest
Tel: 020 7408 4720

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

Peterhouse Corporate Finance (Broker)
Jon Levinson / Peter Greensmith

Tel: 020 7469 0935

Northland Capital Partners Limited (Broker)
Katie Shelton / Tim Metcalfe

Tel: 020 7796 8800

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




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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