Exercise of Options and Director Shareholding

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
 
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