Director / PDMR - amendment to share options

RNS Number : 5150I

LPA Group PLC

19 June 2017

 

LPA GROUP PLC

("LPA" or the "Group")

Director / PDMR shareholding - amendment to share options

LPA Group plc announces that on 19 June 2017 its board of directors resolved that those share options held by PDMRs which were due to lapse on 30 July 2017 would be amended with effect from that date. 

The amendment will have the effect that the options set out in the table below will not lapse on 30 July 2017, but will instead lapse on 7 February 2022, unless they lapse at an earlier date in accordance with the Rules of the LPA Group plc Employee Share Option Scheme 2007.

No other changes have been made to the terms of these options.

Option Holder	Date of Grant	Number of Shares	Option Price
Peter Pollock	31 July 2007	540,000	36 pence
Stephen Brett	31 July 2007	231,500	36 pence

The amendments to the PDMR options constitute related party transactions as defined in AIM Rule 13. The directors (other than Peter Pollock and Stephen Brett who are interested in the transactions) consider, having consulted with Cairn Financial Advisers LLP, the Company's Nominated Adviser, that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned.

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

ENQUIRIES:

LPA Group plc
Peter Pollock, Chief Executive	Tel: [phone] or 01799 512844
Steve Brett, Finance Director	Tel: [phone] or 01799 512860
Cairn Financial (Nominated Adviser)	Tel: [phone]
James Caithie / Tony Rawlinson
WH Ireland (Broker)	Tel: [phone]
Tim Feather / Ed Allsopp

 

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