LPA GROUP PLC
("LPA" or the "Group")
Director / PDMR shareholding - amendment to share options
LPA Group plc announces that on 19 June 2017 its board of directors resolved that those share options held by PDMRs which were due to lapse on 30 July 2017 would be amended with effect from that date.
The amendment will have the effect that the options set out in the table below will not lapse on 30 July 2017, but will instead lapse on 7 February 2022, unless they lapse at an earlier date in accordance with the Rules of the LPA Group plc Employee Share Option Scheme 2007.
No other changes have been made to the terms of these options.
Option Holder |
Date of Grant |
Number of Shares |
Option Price |
|
|
|
|
Peter Pollock |
31 July 2007 |
540,000 |
36 pence |
Stephen Brett |
31 July 2007 |
231,500 |
36 pence |
|
|
|
|
The amendments to the PDMR options constitute related party transactions as defined in AIM Rule 13. The directors (other than Peter Pollock and Stephen Brett who are interested in the transactions) consider, having consulted with Cairn Financial Advisers LLP, the Company's Nominated Adviser, that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
ENQUIRIES:
LPA Group plc |
|
Peter Pollock, Chief Executive |
Tel: 07881 626123 or 01799 512844 |
Steve Brett, Finance Director |
Tel: 07881 626127 or 01799 512860 |
|
|
Cairn Financial (Nominated Adviser) |
Tel: 020 7213 0880 |
James Caithie / Tony Rawlinson |
|
|
|
WH Ireland (Broker) |
Tel: 0113 394 6600 |
Tim Feather / Ed Allsopp |
|
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