Exercise of Options and Director Shareholding

RNS Number : 4894P

LPA Group PLC

18 February 2021

 

LPA GROUP PLC

("LPA", the "Company" or the "Group")

Exercise of Options and Director Shareholding

LPA Group Plc, the high reliability LED lighting, electronic and electro-mechanical system designer and manufacturer, announces that, on 17 February 2021, it received notification of an exercise of options to subscribe for 100,000 new ordinary shares of 10p each from Peter Pollock, Chairman and Director of the Company, at an exercise price of 32p per share providing the Company with proceeds of £32,000 ("Option Exercise").

Following the above Option Exercise, Peter Pollock holds 860,000 ordinary shares in the Company, representing 6.74 per cent. of the Company's enlarged issued share capital.

Application has been made to the London Stock Exchange for the 100,000 ordinary shares to be admitted to trading on AIM and admission is expected to occur on or around 23 February 2021.

For the purpose of the Disclosure and Transparency Rules, following the above issue of equity, the issued share capital of the Company will comprise 12,758,229 ordinary shares of 10p each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rule

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The Directors of the Company take responsibility for this announcement. 

Enquires:	www.lpa-group.com		Tel:
LPA Group Plc
Peter Pollock	Chairman		01799 512844
Paul Curtis	CEO		01799 512858
Chris Buckenham	CFO		01799 512859
Cairn Financial Advisers	(Nominated Adviser)		020 7213 0880
James Caithie / Liam Murray Ludovico Lazzaretti
finnCap	(Broker)		020 7220 0500
Ed Frisby / Tim Harper (Corporate Finance) Tim Redfern / Charlotte Sutcliffe (ECM)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Peter Pollock
2	Reason for the notification
a)	Position/status	Chairman and Director of the Company
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	LPA Group plc
b)	LEI	2138007S67YLDN6CEF21
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Options over new ordinary shares of 10p each at an exercise price of 32 pence per share GB0007320806
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		32p	100,000
d)	Aggregated information - Aggregated volume - Price	100,000 32p
e)	Date of the transaction	17 February 2021
f)	Place of the transaction	London Stock Exchange (XLON)
g)	Additional Information	N/A

 

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