REG - LPA Group PLC - Grant of Share Options

LPAAnnouncement

03/08/2018 08:30

RNS Number : 7518W
LPA Group PLC
03 August 2018
 


       
                                                                                                LPA GROUP PLC
Grant of Share Options
LPA Group PLC ("LPA" or the "Group"), the high reliability LED lighting and electro-mechanical system manufacturer and distributor, announces that the following directors / PDMR (the "Award Holders") have been awarded share options (the "Share Options") as follows:




Director/PDMR


Position


Number of Options


Exercise Price




Peter Pollock


CEO


  30,000


104.83p




Paul Curtis


COO designate


  60,000


104.83p




Chris Buckenham


CFO


  60,000


104.83p




 


 


150,000


 




 
Under the terms of the Share Options, they may be exercised from 2 August 2021 until 1 August 2028.
It is the expectation of the Company that the LPA Employee Benefit Trust (the "EBT") will satisfy the awards when exercised, and as such the EBT is looking to purchase shares in the market, no later than 2 August 2021. The EBT has commenced this process and on 1 August 2018 had purchased a total of 45,000 shares at an average price of 102.00p.
In the event that the EBT does not satisfy the awards when exercised, the Company will do so through an issue of new ordinary shares to the Award Holders.
LPA has agreed a loan to the EBT to facilitate the share purchases.
As a result of the grant of the Share Options, the total number of options in place for directors and employees of LPA is as follows:
 




Number of Options


Exercise Price




   771,500


  36.00p




   100,000


  32.00p




   235,000


  49.00p




   150,000


104.83p




1,256,500


 




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




Enquiries
 
LPA Group plc


 




Peter Pollock, Chief Executive


 01799 512844




Chris Buckenham, Chief Financial Officer


 01799 512859




 


 




Cairn Financial Advisers (Nominated Adviser)


 020 7213 0880




James Caithie / Richard Nash


 




 


 




WH Ireland (Broker)


 0113 394 6600




Tim Feather / James Sinclair-Ford


 




 


 




Instinctif Partners (PR Advisors)


020 7457 2020




Mark Garraway / Helen Tarbet


 




 




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Christopher Buckenham




2


Reason for the notification




a)


Position/status


CFO




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 ordinary shares of 10p each
 
GB0007320806




b)


Nature of the transaction


Grant of share options




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Exercise price: 104.83p


60,000




d)


Aggregated information
- Aggregated volume
- Price


 
 
60,000
104.83p
 




e)


Date of the transaction


2 August 2018




f)


Place of the transaction


London Stock Exchange (XLON)




g)


Additional Information


N/A




 




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Paul Curtis




2


Reason for the notification




a)


Position/status


COO Designate / Managing Director of Channel Electric Equipment Limited (an LPA Group 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 ordinary shares of 10p each
 
GB0007320806




b)


Nature of the transaction


Grant of share options
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Exercise price: 104.83p


60,000




d)


Aggregated information
- Aggregated volume
- Price


 
 
60,000
104.83p
 




e)


Date of the transaction


2 August 2018




f)


Place of the transaction


London Stock Exchange (XLON)




g)


Additional Information


N/A




 




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Peter Pollock




2


Reason for the notification




a)


Position/status


CEO




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 ordinary shares of 10p each
 
GB0007320806




b)


Nature of the transaction


Grant of share options
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Exercise price: 104.83p


30,000




d)


Aggregated information
- Aggregated volume
- Price


 
 
30,000
104.83p
 




e)


Date of the transaction


2 August 2018




f)


Place of the transaction


London Stock Exchange (XLON)




g)


Additional Information


N/A




 




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