May 3 (Reuters) - Icollege Ltd ICT.AX
* Uk largest childcare training provider to be acquired
* Lara Group's Ceo, Allan Presland, to join ict's board of directors as executive director
* Confirm that current core activities and programs offered by icollege remain operational and unaffected by proposed acquisition
* Signed a binding term sheet with Lara Group in relation to proposed acquisition by company of 100% of issued capital in Lara Group
* Consideration will be satisfied by issue of fully paid ordinary shares in company at an issue price of $0.04 per share
* Andrew Vlahov has resigned his position as chief executive officer of Icollege Limited
* Company will appoint Allan Presland as group ceo Source text for Eikon: ID:nASX4mLcDL Further company coverage: ICT.AX
(bangalore.newsroom@thomsonreuters.com)