United Kingdom Site
| 
20 September 2011
AGM Statement
At its Annual General Meeting held today, Paul Lever, the Chairman of ILX Group plc, the AIM quoted provider of e-learning software and business training, made the following comments:
"The dividend has been restored and shareholders again have the option of a scrip payment.
"I said last year that the Group’s unique strength lies in its proprietary software products and this has proven to be the case as the percentage of revenue from this source continues to increase, which in turn helps to improve margins. As a result we were reclassified by the Stock Exchange in June this year as a software company.
"In summary, we remain confident regarding the outcome for the year; the UK is performing in line with expectations, we are seeing sustained growth overseas and we have experienced a continued shift towards software sales. Overall, the Board is pleased with the progress the Company has made."
All resolutions put to the meeting were passed.
In addition, the Board of ILX announces that it has received elections for scrip dividends in respect of 11,712,272 ILX ordinary shares, representing 43.4% of the Company’s issued share capital. This will result in the issue of 620,796 new ordinary shares, representing 2.3% of the Company’s issued share capital, which will rank pari passu with all existing ILX shares. Application will be made for admission of the new ILX shares to trading on AIM and dealings are expected to commence on 14 October 2011.
For further information, please contact:
| ILX Group plc | FinnCap | Lothbury Financial Services Ltd |
| Ken Scott, Chief Executive Tel: 020 7751 7100
|
Corporate Finance Marc Young, Charlotte Stranner Tel: 020 7220 0500 Corporate Broking Victoria Bates, Joanna Weaving Tel: 020 7220 0500 |
Michael Padley, Chris Roberts Tel: 020 7868 2010 |
