ILX Group PLC (PGY)

ILX Group PLC (PGY)

AGM Reports

AGM and EGM of ILX (PGY) Report 2013

ILX held an EGM to approve the reverse takeover of the new CEO’s Australian interests. This will give his Concert Party 86% of the equity and dilutes existing independent ILX holders down to 14% of the equity. Background. ILX is a training company, quoted on AIM for years. They train via presentations, apps and online, mainly in project management. After some disastrous acquisitions, training stopping dead in the City, a bit of debt and excessive Director Pay ( paid £4.7m over ten years, ...
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