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Director dealings: Learning Technologies COO lowers stake
Dale Solomon, chief operating officer of e-learning service Learning Technologies, disposed of more than 1m ordinary shares in the London-based firm on Monday, citing "family purposes".
Solomon, the firm's COO since 2014, sold the shares at an average price of 107p for a total of just above £1.07m.
Learning Technologies announced an "ambitious target" at its capital markets event on back in October.
When the AIM-listed firm entered the market in 2013 it sought to achieve run-rate revenues of £50m and EBITDA margins of 20% by the end of 2018, but Learning Technologies' 2017 interim results revealed that the company had hit targets twelve months ahead of schedule.
However, as part of its capital markets event, the e-learning group outlined a plan focused on doubling run-rate revenues to £100m with an EBITDA in excess of £25m by the end of 2020.
Learning Technologies said it planned to achieve the new objectives through a combination of strong organic growth paired with strategic acquisitions that complemented its current business model.
As of 1520 BST, LTG shares had ticked up 0.12% to 110.13p.
Top Director Buys
Harvest Minerals Limited (DI) (HMI)
Director name: Mr Brian Keith McMaster
Amount purchased: 4,162,162 @ 18.50p
Value: £770,000
Learning Technologies Group (LTG)
Director name: Mr Leslie-Ann Reed
Amount purchased: 377,570 @ 107.00p
Value: £404,000
XLMedia (XLM)
Director name: Mr Ory Weihs
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XLMedia (XLM)
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Value: £72,540
XLMedia (XLM)
Director name: Mr Yehuda Dahan
Amount purchased: 50,000 @ 118.00p
Value: £59,000
Standard Life Aberdeen (SLA)
Director name: Mr Richard Stephen Mully
Amount purchased: 10,000 @ 349.00p
Value: £34,900
Ruffer Investment Company Ltd Red PTG Pref Shares (RICA)
Director name: Mr Jill May
Amount purchased: 11,000 @ 232.86p
Value: £25,615
Top Director Sells
Learning Technologies Group (LTG)
Director name: Mr Dale Solomon
Amount sold: 1,006,491 @ 107.00p
Value: £1,076,945