By Benjamin Chiou
Date: Wednesday 03 Jan 2024
LONDON (ShareCast) - (Sharecast News) - Learning Technologies Group (LTG), the AIM-listed workplace digital learning solutions firm, has successfully completed the disposal of Lorien Engineering Solutions, finalising its exit from non-core assets.
The disposal to engineering consultancy NIRAS Group, first announced in December, will see LTG receive $21.4m. The deal follows the closure of a UK apprenticeships business in January 2023.
LTG is planning on using the proceeds to help ongoing deleveraging and allocate capital to higher growth areas of the business.
Lorien generated $21.2m in revenue last year, equating to around 3% of group sales based on current market estimates.
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Currency | UK Pounds |
Share Price | 74.40p |
Change Today | 2.10p |
% Change | 2.90 % |
52 Week High | 106.40 |
52 Week Low | 59.80 |
Volume | 66,357 |
Shares Issued | 790.76m |
Market Cap | £588.32m |
Beta | 0.03 |
RiskGrade | 177 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 3 |
Buy | 1 |
Neutral | 3 |
Sell | 0 |
Strong Sell | 0 |
Total | 7 |
Latest | Previous | |
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Final | Interim | |
Ex-Div | 06-Jun-24 | 05-Oct-23 |
Paid | 28-Jun-24 | 27-Oct-23 |
Amount | 1.21p | 0.45p |
Time | Volume / Share Price |
09:19 | 1,643 @ 74.40p |
09:19 | 332 @ 74.40p |
09:17 | 1,000 @ 74.30p |
09:08 | 3,500 @ 73.75p |
09:05 | 1,358 @ 73.65p |
Chair | Andrew Brode |
CEO | Jonathan Satchell |
CFO | Kath Kearney Croft |
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