LPA Group PLC Grant of Share Options (5994Q)
March 02 2021 - 1:00AM
UK Regulatory
TIDMLPA
RNS Number : 5994Q
LPA Group PLC
02 March 2021
LPA GROUP PLC
("LPA" or the "Group")
Grant of Share Options
LPA Group Plc, the high reliability LED lighting, electronic and
electro-mechanical system designer and manufacturer, announces the
award of share options (the "Share Options") under the LPA Group
Plc Performance Share Plan 2018 ("PSP 2018") to the following
directors and other employees of the Group (the "Award Holders"),
as follows:
Director Position Number of Exercise
Options Price
Paul Curtis CEO 30,000 83.50p
---------- ---------- ---------
Chris Buckenham CFO 20,000 83.50p
---------- ---------- ---------
Subtotal 50,000 83.50p
---------- ---------
Other employees 30,000 83.50p
---------- ---------
Total Awards 80,000 83.50p
---------- ---------
Under the terms of the Performance Share Plan, the Share Options
may be exercised from 2 March 2024 until 1 March 2031. The Share
Options are also subject to clawback and malus provisions.
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
---------------
185,000 49.00p
---------------
150,000 104.83p
---------------
255,000 109.33p
---------------
120,000 63.17p
---------------
80,000 83.50p
---------------
1,330,000
---------------
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 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
Finance)
Tim Redfern / Charlotte Sutcliffe
(ECM)
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name a) Paul Curtis
b) Chris Buckenham
----------------------- -------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status a) CEO
b) CFO
----------------------- -------------------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------- -------------------------------------------------
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 ordinary shares of 10p each
of the financial
instrument, GB0007320806
type of instrument
Identification
code
----------------------- -------------------------------------------------
b) Nature of the Grant of share options
transaction
----------------------- -------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
----------------------- ------------------------------- ----------------
a) Exercise price: a) 30,000
83.50p b) 20,000
b) Exercise price:
8 3.50 p
----------------------- ------------------------------- ----------------
Aggregated
d) information
- Aggregated
volume
- Price 50,000
83.50p
---------------------------- -------------------------------------------------
e) Date of the 2 March 2021
transaction
----------------------- -------------------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
----------------------- -------------------------------------------------
g) Additional N/A
Information
----------------------- -------------------------------------------------
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END
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