Exercise of Options and Director Shareholding

RNS Number : 9348N

LPA Group PLC

01 November 2016

 

1 November 2016

LPA GROUP PLC

("LPA" or the "Group")

Exercise of Options, Share Transfer and Director Shareholding

LPA announces that on 31 October 2016 Steve Brett, a director of the Company, exercised options to subscribe for 193,500 ordinary shares of 10 pence each in the Company at a weighted average exercise price of 39.20 pence per share (the "Options") as follows:

Date of grant	Number of share options exercised	Exercise price (p)
7 March 2007	15,000	39 pence
31 July 2007	3,500	36 pence
1 April 2011	100,000	32 pence
8 February 2012	75,000	49 pence

Total holding prior to the exercise of share options	172,500
Exercise of options noted above	193,500
Total holding following the exercise of share options	366,000

Separate to the exercise of the Options noted above, on 31 October 2016 Mr Brett transferred 162,500 ordinary shares of the Company to his wife Mrs Christine Brett. Following this, Mr Brett remains beneficially interested in 366,000 ordinary shares of the Company (including those held by his wife), representing 3.01% of the issued share capital of the Company.

An application has been made to the London Stock Exchange for the 193,500 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 4 November 2016.

Following Admission, the Company's enlarged issued share capital will comprise of 12,151,729 ordinary shares of 10p each.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

ENQUIRIES:

LPA Group plc
Steve Brett, Finance Director	Tel: [phone] or 01799 512860
Cairn Financial Advisers (Nominated Adviser)	Tel: [phone]
James Caithie / Tony Rawlinson
WH Ireland (Broker)	Tel: [phone]
Tim Feather / Liam Gribben

 

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