Completion of Acquisition



Progility plc

Completion of Acquisition

("Progility" or the "Company")

Progility plc (AIM: PGY), the project management services group, which changed its name from ILX Group plc following the General Meeting held on 3 October 2013, is pleased to announce that, further to its announcement on 3 October 2013, the acquisition of Progility Pty Ltd completed at 8.00 am this morning, when the Enlarged Share Capital of the Company was admitted to trading on AIM. 

In accordance with the Takeover Code, following the passing of the Whitewash Resolution at the General Meeting on 3 October 2013, on Admission members of the Concert Party own the following numbers of shares:

* - as Trustees of the DNY Trust, a family trust of which Wayne Bos is a discretionary beneficiary.

Definitions

The definitions applied in the Admission Document sent to Shareholders on 10 September 2013 apply in this announcement. The Admission Document is available on the Company's website: www.progility.com.

Company Description

Progility plc is the holding company of a project management services group, specialising in the provision of professional business and technology led, value added services across all stages of the project management life cycle.

The group has four divisions: Training, Consulting, Recruitment and Technology Solutions.

Training

The training division comprises ILX, which provides a blend of on-line learning, games and simulations, traditional classroom training, practical workshops and coaching. ILX delivers training in the UK Cabinet Office's best management practice products, primarily in PRINCE2, MSP and ITIL.

Consulting

The consulting division comprises Obrar in the UK and ILX Consulting in Australia. Obrar is a consulting and project management services company, focused on multimedia contact centres, corporate technology infrastructure and associated operational change, with extensive experience in delivering contact centre outsourcing on a global basis. ILX Consulting, located in Sydney, is an organisational improvement and project management services company, specialising in information technology, service and supply chain improvement and overall project and programme management.

Recruitment

The recruitment division comprises TFPL, a recruitment, training and consulting business specialising in the knowledge, information and data management industries, which was acquired in July 2013. TFPL provides executive search, managed services and the placement of permanent, interim and contract personnel into the public and private sectors.

Technology Solutions

The technology solutions division is Progility Technologies, which operates a communication systems integration business that designs, implements and maintains solutions for medium and large enterprises with a focus on the rail, port, oil and gas, power, water and healthcare industries in Australia and on the mining industry globally.

The business, which was acquired in October 2013, is headquartered in Melbourne, Australia, and has offices in Castlemaine, Perth, Sydney, Latrobe Valley, and Brisbane.

It has three operating divisions: Communications Australia, focuses on communications systems integration, designs voice and IP communications solutions for specific customers' operating environments and is a major provider of enterprise based Siemens unified communication systems in Australia; CA Bearcom, Australia's largest distributor of two-way radio communications products, primarily supplied by Motorola Australasia; and Minerals & Energy Technologies, which designs, implements and manages an array of integrated communications solutions for specific mining, oil and gas, rail and port applications.

www.progility.com