LPA Group PLC Exercise of Option and Director Shareholding (1922O)

TIDMLPA

RNS Number : 1922O

LPA Group PLC

03 November 2016

3 November 2016

LPA GROUP PLC

("LPA" or the "Group")

Exercise of Option and Director Shareholding

LPA announces that on 2 November 2016 Peter Pollock, a director of the Company, exercised an option to subscribe for 35,000 ordinary shares of 10 pence each in the Company at an exercise price of 39 pence per share (the "Option"). The Option was granted to Peter Pollock on 7 March 2007.

 
               Number                    Total holding   Total holding 
                of share      Exercise    prior to        following 
   Date of      options       price       the exercise    the exercise 
   exercise     exercised     (p)         of share        of share options 
                                          options 
 
 2 November 
  2016         35,000       39 pence     725,000         760,000 
 
 

Following this, Peter Pollock will be beneficially interested in 760,000 ordinary shares of the Company, representing 6.24% of the issued share capital.

An application has been made to the London Stock Exchange for the 35,000 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 8 November 2016.

Following Admission, the Company's enlarged issued share capital will comprise of 12,186,729 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: [phone] 
                                   or 01799 512860 
 
 Cairn Financial Advisers         Tel: [phone] 
  (Nominated Adviser) 
 James Caithie / Tony Rawlinson 
 
 WH Ireland (Broker)              Tel: [phone] 
 Tim Feather / Liam Gribben 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 03, 2016 03:00 ET (07:00 GMT)