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:
Date of grant |
Number of share options exercised |
Exercise price (p) |
|
|
|
7 March 2007 |
15,000 |
39 pence |
31 July 2007 |
3,500 |
36 pence |
1 April 2011 |
100,000 |
32 pence |
8 February 2012 |
75,000 |
49 pence |
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 |
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Steve Brett, Finance Director |
Tel: 07881 626127 or 01799 512860 |
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Cairn Financial Advisers (Nominated Adviser) |
Tel: 020 7213 0880 |
James Caithie / Tony Rawlinson |
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WH Ireland (Broker) |
Tel: 0113 394 6600 |
Tim Feather / Liam Gribben |
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