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Home > Investors > Regulatory Announcements > Proposed cancellation of share capital and Notice of General Meeting

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.

PDF 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

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