Exercise of Option and Director Shareholding

RNS Number : 1922O

LPA Group PLC

03 November 2016

 

3 November 2016

LPA GROUP PLC

("LPA" or the "Group")

Exercise of Option and Director Shareholding

LPA announces that on 2 November 2016 Peter Pollock, a director of the Company, exercised an option to subscribe for 35,000 ordinary shares of 10 pence each in the Company at an exercise price of 39 pence per share (the "Option"). The Option was granted to Peter Pollock on 7 March 2007.

Date of exercise	Number of share options exercised	Exercise price (p)	Total holding prior to the exercise of share options	Total holding following the exercise of share options
2 November 2016	35,000	39 pence	725,000	760,000

Following this, Peter Pollock will be beneficially interested in 760,000 ordinary shares of the Company, representing 6.24% of the issued share capital.

An application has been made to the London Stock Exchange for the 35,000 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 8 November 2016.

Following Admission, the Company's enlarged issued share capital will comprise of 12,186,729 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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