REG - LPA Group PLC - Exercise of Options and Director Shareholding <Origin Href="QuoteRef">LPA.L</Origin>

LPAAnnouncement

01/11/2016 07:06

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: 07881 626127 or 01799 512860


Cairn Financial Advisers (Nominated Adviser)
Tel: 020 7213 0880
James Caithie / Tony Rawlinson



WH Ireland (Broker)
Tel: 0113 394 6600
Tim Feather / Liam Gribben




This information is provided by RNS
The company news service from the London Stock Exchange
  END
IOEWGGWCUUPQPWG