Disclosure of Interests by Rathbones Group Plc in Learning Technologies Group Plc

On October 11, 2024, Rathbones Group Plc made a significant public disclosure regarding its interests in Learning Technologies Group Plc, as required under Rule 8.3 of the Takeover Code. This disclosure outlines the key information about the positions held by Rathbones Group and any dealings that may have occurred in the relevant securities of Learning Technologies Group.

Key Information

The full name of the disclosing entity is Rathbones Group Plc. At the date of the disclosure, Rathbones holds interests in Learning Technologies Group Plc, the company related to this disclosure. The position held was updated as of October 10, 2024. Notably, Rathbones is not making disclosures related to any other party involved in the offer.

Positions Held

As of the latest disclosure, Rathbones Group Plc owns a total of 30,862,868 relevant securities in Learning Technologies Group, which represents approximately 3.89% of the total share capital. There are no reported short positions or interests in cash-settled or stock-settled derivatives related to this holding.

Recent Dealings

In recent trading activities, Rathbones made a couple of sales of its holdings in 0.375p ordinary shares of Learning Technologies Group Plc. Specifically, the group sold 37,719 shares at a price of 92.5p per unit and an additional 6,771 shares at 92.6p per unit. Moreover, an outflow of 3,230 shares was recorded as a transfer during this reporting period.

Additional Information

Rathbones Group Plc confirmed no existing agreements or arrangements that may influence their securities dealings or voting rights related to Learning Technologies Group Plc. The firm indicated that there were no arrangements or understandings that might act as inducements for any trading decisions related to the securities in question.

This public disclosure is in adherence to regulatory requirements, which mandate transparency regarding substantial ownership and dealings in relevant securities during any potential takeover situation. Consequently, stakeholders and market participants can maintain awareness of significant changes in positions held by major investors.

As a final note, the compliance department of Rathbones, represented by Chinwe Enyi, is responsible for this disclosure. Stakeholders and interested parties may reach out to Rathbones for any questions regarding this report.

Conclusion

Overall, this disclosure serves to inform the market of Rathbones Group Plc's significant holdings in Learning Technologies Group Plc, reflecting the changing dynamics as companies engage in possible acquisitions or mergers.

Rathbones, Disclosure, Securities