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Learning Technologies Group plc (LTG) announced that its GP Strategies US government business had its eligibility for new classified contracts temporarily suspended in July 2024. A new subsidiary was established by LTG and has been operational for non-classified contracts since January 2025. On 14 March 2025, this new government subsidiary obtained approval to work on new classified contracts.
| Date | 17 Mar 2025 |
| Time | 07:34:13 |
| Category | Miscellaneous |
| ID | 9048A |
17 March 2025
Learning Technologies Group plc
("LTG", the "Group" or the "Company")
(AIM: LTG)
GP Strategies US Regulatory Update
Learning Technologies Group plc, a global market leader in digital learning and talent management, announces a regulatory update relating to its GP Strategies US government business.
As a US company that performs work for the US Government, GP Strategies requires certain approvals and is subject to restrictions intended to protect classified information. In July 2024, LTG was notified by GP Strategies of the invalidation ("temporary suspension") of the eligibility for GP to work on new classified contracts.
As previously announced, a new subsidiary, solely focused on all forms of federal US Government contracts, was established and has been operational for non-classified contracts since January 2025. It had applied for approval to work on classified contracts and the application process was expected to conclude within H1 2025. On 14 March 2025 the Company was notified that approval has been obtained for the new government subsidiary to work on new classified contracts.
Enquiries:
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Learning Technologies Group plc Jonathan Satchell, Chief Executive Kath Kearney-Croft, Chief Financial Officer
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+44 (0)20 7832 3440 |
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Deutsche Numis (NOMAD and Corporate Broker) Nick Westlake, Ben Stoop, Tejas Padalkar
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+44 (0)20 7260 1000 |
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Goldman Sachs International (Joint Corporate Broker) Bertie Whitehead, Adam Laikin
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+44 (0)20 7774 1000 |
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FTI Consulting (Public Relations Adviser) Jamie Ricketts, Emma Hall, Lucy Highland, Jemima Gurney |
+44 (0)20 3727 1000 |
About LTG
Learning Technologies Group plc (LTG) is a leader in the growing workplace digital learning and talent management market. The Group offers end-to-end learning and talent solutions ranging from strategic consultancy, through a range of content and platform solutions to analytical insights that enable corporate and government clients to close the gap between current and future workforce capability.
LTG is listed on the London Stock Exchange's Alternative Investment Market (LTG.L) and headquartered in London. The Group has offices in Europe, North America, South America and Asia-Pacific.