LPA Group PLC Exercise of Options and Director Shareholding (9348N)

TIDMLPA

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:

 
                   Number of 
   Date of grant    share options     Exercise price 
                    exercised         (p) 
 
 7 March 2007      15,000           39 pence 
 31 July 2007      3,500            36 pence 
 1 April 2011      100,000          32 pence 
 8 February        75,000           49 pence 
  2012 
 
 
 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: [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

END

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November 01, 2016 03:00 ET (07:00 GMT)