RNS Number : 4894P


18 February 2021


("LPA", the "Company" or the "Group")

Exercise of Options and Director Shareholding

LPA Group Plc, the high reliability LED lighting, electronic and electro-mechanical system designer and manufacturer, announces that, on 17 February 2021, it received notification of an exercise of options to subscribe for 100,000 new ordinary shares of 10p each from Peter Pollock, Chairman and Director of the Company, at an exercise price of 32p per share providing the Company with proceeds of GBP32,000 ("Option Exercise").

Following the above Option Exercise, Peter Pollock holds 860,000 ordinary shares in the Company, representing 6.74 per cent. of the Company's enlarged issued share capital.

Application has been made to the London Stock Exchange for the 100,000 ordinary shares to be admitted to trading on AIM and admission is expected to occur on or around 23 February 2021.

For the purpose of the Disclosure and Transparency Rules, following the above issue of equity, the issued share capital of the Company will comprise 12,758,229 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 Article 7 of EU Regulation 596/2014. The Directors of the Company take responsibility for this announcement.

 Enquires:                             www.lpa-group.com       Tel: 
------------------------------------  ---------------------   -------------- 
 LPA Group Plc 
 Peter Pollock                         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 
  Tim Redfern / Charlotte Sutcliffe 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                                    Peter Pollock 
      --------------------------------------  ----------------------------------------------- 
 2     Reason for the notification 
 a)    Position/status                         Chairman and Director of the Company 
      --------------------------------------  ----------------------------------------------- 
 b)    Initial notification                    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                             Options over new ordinary shares of 10p each 
        of the financial                        at an exercise price of 32 pence per share 
        instrument,                             GB0007320806 
        type of instrument 
      --------------------------------------  ----------------------------------------------- 
 b)    Nature of the                           Exercise of options 
      --------------------------------------  ----------------------------------------------- 
 c)    Price(s) and                                  Price(s)                Volume(s) 
      --------------------------------------  ----------------------  ----------------------- 
                                                        32p                   100,000 
 -------------------------------------------  ----------------------  ----------------------- 
 d)     information 
   - Aggregated 
   - Price                                      100,000 
 -------------------------------------------  ----------------------------------------------- 
 e)    Date of the                             17 February 2021 
      --------------------------------------  ----------------------------------------------- 
 f)    Place of the                            London Stock Exchange (XLON) 
      --------------------------------------  ----------------------------------------------- 
 g)    Additional                              N/A 
      --------------------------------------  ----------------------------------------------- 

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(END) Dow Jones Newswires

February 18, 2021 02:00 ET (07:00 GMT)