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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lpa Group Plc | LSE:LPA | London | Ordinary Share | GB0007320806 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 64.00 | 60.00 | 68.00 | 64.00 | 64.00 | 64.00 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electrical Machy, Equip, Nec | 21.71M | 859k | 0.0637 | 10.05 | 8.63M |
TIDMLPA
RNS Number : 4977D
LPA Group PLC
19 February 2020
LPA GROUP PLC
Grant of Share Options
LPA Group PLC ("LPA" or the "Group"), the high reliability LED lighting and electro-mechanical system manufacturer, announces the award of share options (the "Share Options") to the following directors / PDMRs / related parties and other employees of the Group (the "Award Holders"), as follows:
Director/PDMR Position Number of Exercise Options Price Paul Curtis COO 50,000 109.33p --------------------------- ---------- --------- Chris Buckenham CFO 40,000 109.33p --------------------------- ---------- --------- John Hesketh MD - LPA Lighting Systems 25,000 109.33p --------------------------- ---------- --------- Mike Raynor GM - LPA Channel Electric 25,000 109.33p --------------------------- ---------- --------- Subtotal 140,000 ---------- --------- Related Party Position Number of Exercise Options Price --------------------------- ---------- --------- FD - LPA Connection Gary Newman Systems 10,000 109.33p --------------------------- ---------- --------- Nigel Orme OD - LPA Lighting Systems 10,000 109.33p --------------------------- ---------- --------- Other employees 95,000 109.33p ---------- --------- Subtotal 115,000 ---------- --------- Total Awards 255,000 109.33p ---------- ---------
Under the terms of the Share Options, they may be exercised from 19 February 2023 until 18 February 2030.
It is the expectation of the Company that the LPA Employee Benefit 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 Holders.
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 540,000 36.00p --------------- 100,000 32.00p --------------- 185,000 49.00p --------------- 150,000 104.83p --------------- 255,000 109.33p --------------- 1,230,000 ---------------
The grants of the Share Options to the directors and related parties named above are deemed to be related party transactions for the purposes of Rule 13 of the AIM Rules (the "Transaction"). The directors independent of the Transaction, being Peter Pollock, Michael Rusch and Len Porter consider, having consulted with the Company's Nominated Adviser, that the terms of the Transaction are fair and reasonable insofar as its shareholders are concerned.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquires: www.lpa-group.com Tel: ------------------------------------- --------------------- -------------- LPA Group Plc Peter Pollock Chairman 01799 512844 Paul Curtis COO 01799 512858 Chris Buckenham CFO 01799 512859 Cairn Financial Advisers (Nominated Adviser) 020 7213 0880 James Caithie / Tony Rawlinson / Ludovico Lazzaretti finnCap (Broker) 020 7220 0500 Ed Frisby / Teddy Whiley (Corporate Finance) Tim Redfern / Tim Harper (ECM & Sales) 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Paul Curtis -------------------------------- -------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------ a) Position/status COO -------------------------------- -------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------------- -------------------------------------------- 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 Options over ordinary shares of 10p each of the financial instrument, GB0007320806 type of instrument Identification code -------------------------------- -------------------------------------------- b) Nature of the Grant of share options transaction -------------------------------- -------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) -------------------------------- --------------------------- --------------- Exercise price: 109.33p 50,000 ----------------------------------------------------------------- --------------- Aggregated d) information - Aggregated volume - Price 50,000 109.33p ---------------------------------------------------------------------------------- e) Date of the 19 February 2020 transaction -------------------------------- -------------------------------------------- f) Place of the London Stock Exchange (XLON) transaction -------------------------------- -------------------------------------------- g) Additional N/A Information -------------------------------- -------------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Chris Buckenham -------------------------------- -------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------ a) Position/status CFO -------------------------------- -------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------------- -------------------------------------------- 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 Options over ordinary shares of 10p each of the financial instrument, GB0007320806 type of instrument Identification code -------------------------------- -------------------------------------------- b) Nature of the Grant of share options transaction -------------------------------- -------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) -------------------------------- --------------------------- --------------- Exercise price: 109.33p 40,000 ----------------------------------------------------------------- --------------- Aggregated d) information - Aggregated volume - Price 40,000 109.33p ---------------------------------------------------------------------------------- e) Date of the 19 February 2020
transaction -------------------------------- -------------------------------------------- f) Place of the London Stock Exchange (XLON) transaction -------------------------------- -------------------------------------------- g) Additional N/A Information -------------------------------- -------------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name John Hesketh -------------------------------- ----------------------------------------------- 2 Reason for the notification --------------------------------------------------------------------------------- a) Position/status MD - Excil Electronics Ltd t/a LPA Lighting Systems -------------------------------- ----------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------------- ----------------------------------------------- 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 Options over ordinary shares of 10p each of the financial instrument, GB0007320806 type of instrument Identification code -------------------------------- ----------------------------------------------- b) Nature of the Grant of share options transaction -------------------------------- ----------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) -------------------------------- ----------------------------- ---------------- Exercise price: 109.33p 25,000 ------------------------------------------------------------------- ---------------- Aggregated d) information - Aggregated volume - Price 25,000 109.33p ------------------------------------------------------------------------------------- e) Date of the 19 February 2020 transaction -------------------------------- ----------------------------------------------- f) Place of the London Stock Exchange (XLON) transaction -------------------------------- ----------------------------------------------- g) Additional N/A Information -------------------------------- ----------------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Mike Raynor -------------------------------- ----------------------------------------------- 2 Reason for the notification --------------------------------------------------------------------------------- a) Position/status GM - Channel Electric Equipment Ltd t/a LPA Channel Electric -------------------------------- ----------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------------- ----------------------------------------------- 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 Options over ordinary shares of 10p each of the financial instrument, GB0007320806 type of instrument Identification code -------------------------------- ----------------------------------------------- b) Nature of the Grant of share options transaction -------------------------------- ----------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) -------------------------------- ----------------------------- ---------------- Exercise price: 109.33p 25,000 ------------------------------------------------------------------- ---------------- Aggregated d) information - Aggregated volume - Price 25,000 109.33p ------------------------------------------------------------------------------------- e) Date of the 19 February 2020 transaction -------------------------------- ----------------------------------------------- f) Place of the London Stock Exchange (XLON) transaction -------------------------------- ----------------------------------------------- g) Additional N/A Information -------------------------------- -----------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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February 19, 2020 08:00 ET (13:00 GMT)
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