We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 : 9348T
LPA Group PLC
23 July 2020
LPA GROUP PLC
("LPA" or the "Group")
Grant of Share Options
LPA Group Plc, the high reliability LED lighting and electro-mechanical system manufacturer, announces the award of share options (the "Share Options") under the LPA Group plc Performance Share Plan 2018 ("PSP 2018") to the following directors / PDMRs and other employees of the Group (the "Award Holders"), as follows:
Director/PDMR Position Number of Exercise Options Price Paul Curtis CEO 30,000 63.17p --------------------------- ---------- --------- Chris Buckenham CFO 25,000 63.17p --------------------------- ---------- --------- John Hesketh MD - LPA Lighting Systems 15,000 63.17p --------------------------- ---------- --------- MD - LPA Connection Jonathan Rowe Systems 15,000 63.17p --------------------------- ---------- --------- Subtotal 85,000 63.17p ---------- --------- Other employees 35,000 63.17p ---------- --------- Total Awards 120,000 63.17p ---------- ---------
Under the terms of the PSP, the Share Options may be exercised from 23 July 2023 until 22 July 2030. The Share Options are also subject to clawback and malus provisions.
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 --------------- 120,000 63.17p --------------- 1,350,000 ---------------
The grants of the Share Options to the directors and PDMRs 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 Len Porter, Gordon Wakefield and Peter Pollock 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 07881 626123 Paul Curtis CEO 01799 512858 Chris Buckenham CFO 01799 512859 Cairn Financial Advisers (Nominated Adviser) 020 7213 0880 James Caithie / Tony Rawlinson 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 a) Paul Curtis b) Chris Buckenham c) John Hesketh d) Jonathan Rowe ------------------------- ----------------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------- a) Position/status a) CEO b) CFO c) MD - LPA Lighting Systems d) MD - LPA Connection 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) ------------------------- ---------------------------- ----------------- a) Exercise price: a) 30,000 63.17 p b) 25,000 b) Exercise price: c) 15,000 63.17 p d) 15,000 c) Exercise price: 63.17 p d) Exercise price: 63.17 p ------------------------- ---------------------------- ----------------- Aggregated d) information - Aggregated volume - Price 85,000 63.17p ------------------------------ ----------------------------------------------- e) Date of the 23 July 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.
END
DSHBUGDRRDDDGGX
(END) Dow Jones Newswires
July 23, 2020 11:31 ET (15:31 GMT)
1 Year Lpa Chart |
1 Month Lpa Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions