London Stock Exchange welcomes Skillcast Group plc to AIM
The Skillcast Group sets up compliance portals to help companies educate their staff and record, analyse, and evidence staff activities to cope with their regulatory and ESG (environmental, social and governance) obligations. Its technology application provides e-learning management, in-person training management, CPD (continuing professional development), policy attestation, staff declarations, anonymised surveys, gifts and hospitality register, PA dealing register, whistleblowing register, and compliance breach registers. It also provides a comprehensive set of tools for managing the approval/certification of Senior Managers and Certified Persons under the SM&CR for financial services firms.
The Group also provides several libraries of off-the-shelf compliance e-learning courses and develops bespoke e-learning content for blue-chip companies in the UK and across Europe. It has pioneered the Intelligent Learning approach, leveraging user interactions and gamification to drive employee engagement and compliance effectiveness.
The Group announced last week that it is raising a total of £3.5 million at a valuation of c.£33 million. These funds will be used to intensify its technology development and marketing efforts. The management of the Group retains approximately 72.8% of the total issued ordinary share capital of the Group.