LPA GROUP PLC
("LPA" or the "Group")
Grant of Share Options
LPA Group Plc, the high reliability LED lighting, electronic and electro-mechanical system designer and 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 and other employees of the Group (the "Award Holders"), as follows:
| Director | Position | Number of Options | Exercise Price |
| Paul Curtis | CEO | 30,000 | 83.50p |
| Chris Buckenham | CFO | 20,000 | 83.50p |
| Subtotal | | 50,000 | 83.50p |
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| Other employees | | 30,000 | 83.50p |
| Total Awards | | 80,000 | 83.50p |
Under the terms of the Performance Share Plan, the Share Options may be exercised from 2 March 2024 until 1 March 2031. 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 |
| 185,000 | 49.00p |
| 150,000 | 104.83p |
| 255,000 | 109.33p |
| 120,000 | 63.17p |
| 80,000 | 83.50p |
| 1,330,000 | |
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
| Enquires: |
| Tel: |
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| LPA Group Plc |
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| Peter Pollock | Chairman |
| 01799 512844 | |
| Paul Curtis | CEO |
| 01799 512858 | |
| Chris Buckenham | CFO |
| 01799 512859 | |
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| Cairn Financial Advisers | (Nominated Adviser) |
| 020 7213 0880 | |
| James Caithie / Liam Murray Ludovico Lazzaretti
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| finnCap | (Broker) |
| 020 7220 0500 | |
| Ed Frisby / Tim Harper (Corporate Finance) Tim Redfern / Charlotte Sutcliffe (ECM) |
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| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | a) Paul Curtis b) Chris Buckenham | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | a) CEO b) CFO | |||
| b) | Initial notification /Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | LPA Group plc | |||
| b) | LEI |
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| 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 of the financial instrument, type of instrument Identification code | Options over ordinary shares of 10p each
GB0007320806 | |||
| b) | Nature of the transaction | Grant of share options | |||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| a) Exercise price: 83.50p b) Exercise price: 83.50p
| a) 30,000 b) 20,000 | ||||
| d) | Aggregated information - Aggregated volume - Price |
50,000 83.50p
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| e) | Date of the transaction | 2 March 2021 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| g) | Additional Information | N/A | |||
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