March 6 2025
LPA GROUP
PLC
("LPA",
the "Company" or the "Group")
Performance Share
Plan
LPA Group plc, the innovation-led
engineering specialist in electronic and electro-mechanical
components and systems, announces the award of share options over
ordinary shares in the Company (the "Share Options") under the LPA
Group plc Performance Share Plan 2023 ("PSP
2023") to the following director (the "Award Holder"), as
follows:
|
Director
|
Position
|
Number of Options
|
Exercise Price
|
Total Number of Options held following this
award
|
|
Philo Daniel-Tran
|
CEO
|
197,500
|
50p
|
197,500
|
Under the terms of the PSP 2023, the
Share Options are exercisable from 6 March 2028 subject
to three increasingly targeted performance
hurdles which are related to earnings per share and market
capitalization. Following vesting there is a one year holding
period (excluding any ordinary shares sold to pay tax due at
exercise). The Share Options are subject to clawback and malus
provisions.
In addition, the performance hurdles
for the 125,000 options issued in July 2023 to the CFO have been
adjusted in order for them to remain a long term
incentive.
It is the expectation of the Company
that the LPA Employee Benefits 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 Holder.
As a result of the grant of the
Share Options, there are now a total of 627,500 options over ordinary shares in place for
directors and employees of LPA.
For
further information, please contact:
|
LPA
Group plc
Robert B Horvath, Chairman
Philo Daniel-Tran, Chief Executive
Officer
Stuart Stanyard, Chief Financial
Officer
|
Tel: +44 (0) 1799 512800
www.lpa-group.com
|
|
Cavendish Capital Markets Limited (Nominated Adviser & Broker)
Corporate Finance
Ed Frisby / Isaac Hooper / Elysia
Bough
Corporate Broking
Tim Redfern
|
Tel: +44 (0) 20 7220 0500
|
|
Hudson Sandler (Financial
PR)
Dan de Belder
Nick Moore
Francesca Rosser
|
Tel: +44 (0) 20 7796 4133
|
About LPA
LPA Group plc (AIM: LPA) is an innovation-led
engineering specialist in electronic and electro-mechanical
components and systems.
Focused on transport (rail and aviation), aerospace,
defence, infrastructure and industrial markets and supplying into
hostile and challenging environments, LPA is known for engineering
solutions to improve product reliability, reducing maintenance and
life cycle costs.
The Group has three sites across the UK, selling to
customers in the UK and overseas. Two of these are design and
manufacturing sites: Saffron Walden, Essex - electro-mechanical
systems for rail, aviation and industrial; Normanton, Yorkshire -
LED lighting and electronic systems for rail and infrastructure.
The third site is Thatcham, Berkshire - value-added distribution of
engineered components for rail, aerospace and defence.
With over 150 years of UK design and manufacture, and
with origins in the first ever light installed in 'Electric
Avenue', Brixton; innovation is core to LPA and to the products and
services supplied to our customers worldwide.
For more information visit www.lpa-group.com
The information below (set out in accordance with the
requirements of UK Market Abuse Regulation) provides further
detail:
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Philo Daniel-Tran
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
CEO
|
|
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
|
|
|
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
|
Ordinary shares of 10p each
GB0007320806
|
|
b)
|
Nature of the transaction
|
Issue of Options
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
50p
|
197,500
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e)
|
Date of the transaction
|
5 March 2025
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
g)
|
Additional Information
|
N/A
|
