Grant of Share Options

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

 

END

 

 

DSHGRGDIGBGBGIX