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.
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| LPA Group Plc |
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| Robert B Horvath | 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 | 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 |
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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 | 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
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| 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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