REG - LPA Group PLC - Performance Share Plan

LPAAnnouncement

06/03/2025 14:45

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RNS Number : 6966Z  LPA Group PLC  06 March 2025

March 6 2025

LPA GROUP PLC

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

Performance Share Plan

LPA Group plc, the innovation-led engineering specialist in electronic and
electro-mechanical components and systems, announces the award of share
options over ordinary shares in the Company (the "Share Options") under the
LPA Group plc Performance Share Plan 2023 ("PSP 2023") to the following
director (the "Award Holder"), as follows:

 

 Director           Position  Number of Options  Exercise Price  Total Number of Options held following this award
 Philo Daniel-Tran  CEO       197,500            50p             197,500

 

Under the terms of the PSP 2023, the Share Options are exercisable from 6
March 2028 subject to three increasingly targeted performance hurdles which
are related to earnings per share and market capitalization. Following vesting
there is a one year holding period (excluding any ordinary shares sold to pay
tax due at exercise). The Share Options are subject to clawback and malus
provisions.

In addition, the performance hurdles for the 125,000 options issued in July
2023 to the CFO have been adjusted in order for them to remain a long term
incentive.

It is the expectation of the Company that the LPA Employee Benefits Trust (the
"EBT") will satisfy the awards when exercised. 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 Holder.

As a result of the grant of the Share Options, there are now a total of
627,500 options over ordinary shares in place for directors and employees of
LPA.

 

For further information, please contact:

 LPA Group plc                                                       Tel: +44 (0) 1799 512800

 Robert B Horvath, Chairman                                          www.lpa-group.com

 Philo Daniel-Tran, Chief Executive Officer

 Stuart Stanyard, Chief Financial Officer
 Cavendish Capital Markets Limited (Nominated Adviser & Broker)      Tel: +44 (0) 20 7220 0500

 Corporate Finance

 Ed Frisby / Isaac Hooper / Elysia Bough

 Corporate Broking

 Tim Redfern
 Hudson Sandler (Financial PR)                                       Tel: +44 (0) 20 7796 4133

 Dan de Belder

 Nick Moore

 Francesca Rosser

 

About LPA

LPA Group plc (AIM: LPA) is an innovation-led engineering specialist in
electronic and electro-mechanical components and systems.

Focused on transport (rail and aviation), aerospace, defence, infrastructure
and industrial markets and supplying into hostile and challenging
environments, LPA is known for engineering solutions to improve product
reliability, reducing maintenance and life cycle costs.

The Group has three sites across the UK, selling to customers in the UK and
overseas. Two of these are design and manufacturing sites: Saffron Walden,
Essex - electro-mechanical systems for rail, aviation and industrial;
Normanton, Yorkshire - LED lighting and electronic systems for rail and
infrastructure. The third site is Thatcham, Berkshire - value-added
distribution of engineered components for rail, aerospace and defence.

With over 150 years of UK design and manufacture, and with origins in the
first ever light installed in 'Electric Avenue', Brixton; innovation is core
to LPA and to the products and services supplied to our customers worldwide.

For more information visit www.lpa-group.com (http://www.lpa-group.com/)

 

The information below (set out in accordance with the requirements of UK
Market Abuse Regulation) provides further detail:

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Philo Daniel-Tran
 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  Ordinary shares of 10p each

     Identification code

                                                                  GB0007320806
 b)  Nature of the transaction                                    Issue of Options

 c)  Price(s) and volume(s)                                       Price(s)                    Volume(s)
     50p                                                                                      197,500
 d)  Aggregated information

     - Aggregated volume

     - Price                                                      N/A

 e)  Date of the transaction                                      5 March 2025
 f)  Place of the transaction                                     Outside a trading venue
 g)  Additional Information                                       N/A

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

Ordinary shares of 10p each

 

GB0007320806

b)

Nature of the transaction

Issue of Options

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

50p

197,500

d)

Aggregated information

- Aggregated volume

- Price

 

 

N/A

 

e)

Date of the transaction

5 March 2025

f)

Place of the transaction

Outside a trading venue

g)

Additional Information

N/A

 

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