REG - LPA Group PLC - Exercise of Options and Director Shareholding

LPAAnnouncement

18/02/2021 07:00

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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