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LPA GROUP PLC — Director's Dealing 2020
Feb 19, 2020
7769_dirs_2020-02-19_93b8c7c0-06f8-405a-bec0-a55d223a05c4.html
Director's Dealing
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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 Options | Exercise 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 Options | Exercise Price |
| Gary Newman | FD - LPA Connection 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 /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
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)
Exercise price: 109.33p
50,000
d)
Aggregated information
- Aggregated volume
- Price
50,000
109.33p
e)
Date of the transaction
19 February 2020
f)
Place of the transaction
London Stock Exchange (XLON)
g)
Additional Information
N/A
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 /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
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)
Exercise price: 109.33p
40,000
d)
Aggregated information
- Aggregated volume
- Price
40,000
109.33p
e)
Date of the transaction
19 February 2020
f)
Place of the transaction
London Stock Exchange (XLON)
g)
Additional Information
N/A
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 /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
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)
Exercise price: 109.33p
25,000
d)
Aggregated information
- Aggregated volume
- Price
25,000
109.33p
e)
Date of the transaction
19 February 2020
f)
Place of the transaction
London Stock Exchange (XLON)
g)
Additional Information
N/A
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 /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
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)
Exercise price: 109.33p
25,000
d)
Aggregated information
- Aggregated volume
- Price
25,000
109.33p
e)
Date of the transaction
19 February 2020
f)
Place of the transaction
London Stock Exchange (XLON)
g)
Additional Information
N/A
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