United Kingdom Site
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25 January 2011
Proposed cancellation of share capital and Notice of General Meeting
ILX Group plc ("ILX" or the "Group", AiM:ILX), the AIM quoted provider of e-learning software, announces that it has posted a Circular to Shareholders setting out the details of a proposed capital reduction. At the General Meeting to be held at 10 a.m. on 14 February 2011, the Company will ask Shareholders to approve proposals to restructure the balance sheet of the Company by means of the Capital Cancellation for the purpose of eliminating the current deficit on the Company's profit and loss account and thereby to facilitate the payment of dividends by the Company in due course.
Defined terms used in this announcement have the same meaning as set out in the Circular.
Information about the Capital Cancellation is set out below with an expected timetable of events. Your attention is drawn to the further information concerning the Capital Cancellation included within the Circular.
Further announcements will be made as appropriate.
Download a copy of the Circular
| ILX Group plc | FinnCap | Lothbury Financial Services Ltd |
| Ken Scott, Chief Executive Tel: 020 7751 7100 |
Corporate Finance Marc Young, Charlotte Stranner Tel: 020 7600 1658 Corporate Broking Tom Jenkins Tel: 020 7600 1658 |
Michael Padley / Chris Roberts Tel: 020 7868 2010 |
