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Last 2.38 GBp
Change Today 0.00 / 0.00%
Volume 0.0
As of 11:35 AM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

aec education plc (AEC) Snapshot

Open
2.38 GBp
Previous Close
2.38 GBp
Day High
2.38 GBp
Day Low
2.38 GBp
52 Week High
10/15/14 - 3.38 GBp
52 Week Low
09/23/14 - 2.13 GBp
Market Cap
1.5M
Average Volume 10 Days
0.0
EPS TTM
-0.02 GBp
Shares Outstanding
63.1M
EX-Date
07/9/15
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AEC EDUCATION PLC (AEC)

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aec education plc (AEC) Details

AEC Education plc, an investment holding company, provides educational consultancy services in Europe, South East Asia, and the Middle East. The company offers various educational programs and qualifications. Its educational courses include certificate, diploma, and pre-university programs; university degree and postgraduate programs; preparatory courses for professional examinations; and tuition services for secondary school students. The company also provides technical, vocational, and commercial education; English language teaching as a foreign language, as well as develops, manages, and markets educational technology solutions related products. AEC Education plc provides its English language teaching under the Malvern House brand. It has approximately 14,000 students enrolled on its courses. The company is headquartered in Singapore.

150 Employees
Last Reported Date: 06/25/15

aec education plc (AEC) Top Compensated Officers

Chief Executive Officer, Director and Executi...
Total Annual Compensation: 10.1K GBP
Chief Operating Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

aec education plc (AEC) Key Developments

Aec Education plc Announces Consolidated Earnings Results for the Year Ended December 31, 2014

Aec Education Plc announced consolidated earnings results for the year ended December 31, 2014. For the period, the company reported revenue of £8,978,168 compared to £11,303,878 a year ago. Operating loss was £1,113,977 compared to £1,678,608 a year ago. Loss before income tax was £1,101,349 compared to £1,656,803 a year ago. Loss for the year from continuing activities was £1,130,335 compared to £1,892,262 a year ago. Loss attributable to equity holders of the company was £881,956 or 1.85 pence per basic and diluted share compared to £2,832,688 or 4.01 pence per basic and diluted share a year ago. Net cash used from operating activities was £1,126,931 compared to £1,507,970 a year ago. Purchases of property, plant and equipment were £68,254 compared to £528,009 a year ago. Purchase of trademarks and licences was £14,685 compared to £16,099 a year ago.

AEC Education plc Announces Management Changes, Effective April 1, 2015

AEC Education Plc announced that Mr. David Ho, has advised the board of his intention to resign as a member of the board as well as chief executive officer of the company with immediate effect. The board has accepted his resignation and also recorded its appreciation of his valued contribution to the Group since formation. At the same meeting the board also made the following appointments to be effective from April 1, 2015: Mr. Haider Sithawalla, an existing board member, as the new chief executive officer; Mr. Sabin Joshi, an existing board member, as chief operating officer; Mr. Jayapal Ramasamy, an existing board member, as executive director of the Singapore operations to help in the growth of the business and to regain EduTrust status and Rakesh Shah has been appointed as group head of finance. The Board has also agreed to form an Exco Committee to be chaired by Mr. Gopinath Pillai to provide all the support as well as guidance for major development projects and operational issues.

AEC Education plc Enters into Loan Agreements of Up to £500,000 with Cinnovation Inc. and KSP Investments Pte Ltd

AEC Education Plc announced that on 24 December 2014 it entered into loan agreements of up to £500,000 with Cinnovation Inc. and KSP Investments Pte Ltd. each providing up to £250,000 to assist with funding the Company's development and cashflow requirements. The Loans are unsecured and will accrue interest at a rate of 8% per annum, to be paid annually on the anniversary of the Loans. The Loans are repayable on 24 December 2016 or earlier at the Company's option, without penalty.

 

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