Exercise of Options - May 31 2007
Mr Nigel Snook, the Chief Executive of Education Development International plc ('EDI' or 'the Company'), will today exercise options over 64,404 Ordinary Shares granted to him under the Goal 2000 Sharesave Scheme. The exercise price for these options will be 7.2 pence per share.
As a result of the exercise of these options, Mr Snook will be interested in 3,189,237 Ordinary Shares in the Company, representing 5.8 per cent. of the issued ordinary share capital.
In addition to his interests in the Ordinary Shares of the Company, Mr Snook also holds options over 2,000,000 Ordinary Shares under the 2000 Unapproved Share Option Scheme.
Additionally as a Trustee of the Company's Employee Benefit Trust, Mr Snook is a potential beneficiary of the Trust which has an interest in 2,955,000 Ordinary Shares in the Company, representing 5.4 per cent. of the issued share capital.
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EDI 2007 Preliminary Results Released - May 31 2007
Education Development International plc (EDI), the leading provider of educational qualifications and assessment services, today announces Preliminary Results for the year ended 31 March 2007.
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Acquisition of eNVQ Limited - May 31 2007
Education Development International plc ('EDI' or the 'Group'), the leading provider of accredited qualifications and assessment services, announces that it has acquired Oxford based eNVQ Limited ('eNVQ') which has developed and markets a web-based system for the management, assessment and verification of competence based qualifications and corporate training programmes.
The system has been developed over the past seven years and is aligned to the requirements of training organisations, further education colleges, companies and public authorities who operate government funded apprenticeship programmes and vocational qualifications. Currently over 100 organisations use the system.
eNVQ can make a major contribution to both the quality and administrative efficiency of training programmes. It allows easy communication between learners, employers, training providers and qualifications assessors and verifiers. Learners can build up their training portfolio and receive feedback over the internet throughout their programme and not just at formal reviews.
Commenting on the Acquisition, EDI Chief Executive, Nigel Snook said:
"The eNVQ system is impressive and represents an important addition to our range of web-based services. It will be of real interest to all training organisations and colleges, whether or not they are users of EDI's range of qualifications. The product generates strong gross margins and will be sold through EDI's existing channels providing a significant opportunity to generate additional revenues and add to overall Group profitability."
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Total Voting Rights - May 31 2007
As a result of allotments of Ordinary Shares during the month of May 2007, the number of voting rights in the Company has increased by 1,063,555. The total number of voting rights is now 55,052,899.
The above figure 55,052,899 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Education Development International plc under the FSA's Disclosure and Transparency Rules. |
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