LPA Group PLC Exercise of Options and Director Shareholding (9348N)
01 November 2016 - 6:00PM
UK Regulatory
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: 07881 626127
or 01799 512860
Cairn Financial Advisers Tel: 020 7213 0880
(Nominated Adviser)
James Caithie / Tony Rawlinson
WH Ireland (Broker) Tel: 0113 394 6600
Tim Feather / Liam Gribben
This information is provided by RNS
The company news service from the London Stock Exchange
END
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