Source - LSE Regulatory
RNS Number : 2286A
LPA Group PLC
01 February 2022
 

LPA GROUP PLC

("LPA" or the "Group")

Exercise of Options & PDMR Dealings

LPA Group Plc, the high reliability LED lighting, electronic and electro-mechanical system designer and manufacturer, announces that it has received notice of an exercise of options on 31 January 2022 from John Hesketh, Managing Director at LPA Lighting Systems and PDMR of the Company, to subscribe for 25,000 new ordinary shares of 10p each. The exercise price of the options is 49 pence.

Following the exercise of options, John Hesketh sold 25,000 ordinary shares at a price of 73.5 pence per share on 31 January 2022.

Following the above transactions, John Hesketh is beneficially interested in 50,000 ordinary shares in the Company, representing 0.37 per cent. of the Company's issued share capital on Admission (as defined below).

Application has been made to the London Stock Exchange for the 25,000 ordinary shares to be admitted to trading on AIM and admission is expected to occur on or around 4 February 2022 ("Admission").

For the purpose of the Disclosure and Transparency Rules, following the above issue of equity, the issued share capital of the Company will comprise 13,483,229 ordinary shares of 10p each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rule.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

 

Enquires:

www.lpa-group.com

 

Tel:

 

 

 

 

 

LPA Group Plc

 

 

 

Robert B Horvath

Chairman

 

01799 512844

Paul Curtis

CEO

 

01799 512858

Chris Buckenham

CFO

 

01799 512859

 

 

 

 

Cairn Financial Advisers

(Nominated Adviser)

 

020 7213 0880

James Caithie / Liam Murray

Ludovico Lazzaretti

 

 

 


 

finnCap

(Broker)

 

020 7220 0500

Ed Frisby / Tim Harper (Corporate Finance)

Tim Redfern / Charlotte Sutcliffe (ECM)

 

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

John Hesketh

2

Reason for the notification

a)

Position/status

PDMR

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

 

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 of the financial instrument, type of instrument

Identification code

LPA Group plc ordinary shares of 10p each

 

GB0007320806

b)

Nature of the transaction

Exercise of options and sale of ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

49p

73.5p

25,000

25,000

d)

Aggregated information

- Aggregated volume

- Price

 

 

As above

 

e)

Date of the transaction

31 January 2022

f)

Place of the transaction

London Stock Exchange (XLON)

g)

Additional Information

N/A

 

 

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