Learning Technologies Group plc officially commences trading on AIM

Following the General Meeting on the 7th November, In-Deed Online shareholders have approved the takeover of Epic Group and agreed to change In-Deed’s name to Learning Technologies Group.

Epic has been acquired for a total consideration of £16.3m comprising the issue of 255,000,000 consideration shares and a payment to Epic Shareholders of £1,323,254.

LTG plans to grow both organically and through acquisition within the highly fragmented e-learning space. In the medium term the directors intend to grow LTG to a business generating annual revenue of at least £50m per year.

The new Chief Executive of LTG Jonathan Satchell said: “We are delighted to have received the approval of In-Deed’s shareholders, completed the transaction and to be admitted onto AIM. The listing will enable us to accelerate our growth through our buy and build strategy. We are excited by our prospects both in the UK and internationally, and we have the ability to create a significant business in this growing market.”

Since it announced its intention to list, Learning Technologies Group plc has already started to make an impression amongst investors and in the financial media.

In a recent edition of ‘Small Talk’ in the Financial Times, the daily column devoted to UK small businesses, Kate Burgess writes about the bright future of Learning Technologies Group plc based on the success of Epic. In her analysis, she describes the market as ready for the rise of learning technologies, which coupled with Epic’s successful business model and expansion plans, spells out a strong future for the newly formed plc.

Read the full RNS announcement here.