Last checked at 6 Feb 2024 07:00
LPA Group plc
("LPA", the "Company" or the "Group")
Exercise of Share Options, Director/PDMR Shareholding
Total Voting Rights
LPA Group plc, the innovation-led engineering specialist in electronic and electro-mechanical components and systems, announces that on 5 February 2024 it received notice of an exercise of options from Paul Curtis, Chief Executive Officer, to subscribe for 30,000 new ordinary shares of 10p each. The exercise price of the options is 63.2 pence per share.
Following the above transaction, Paul Curtis is beneficially interested in 80,000 ordinary shares in the Company, representing approximately 0.59 per cent. of the Company's enlarged issued share capital.
Application has been made to the London Stock Exchange for the 30,000 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on or around 9 February 2024.
For the purpose of the Disclosure Guidance and Transparency Rules, following the above issue of equity, the issued share capital of the Company comprises 13,513,229 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 Guidance and Transparency Rules.
For further information, please contact:
LPA Group plc Robert B Horvath, Chairman Paul Curtis, 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 / Abigail Kelly 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 |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name | Paul Curtis | |||
2 | Reason for the notification | ||||
a) | Position/status | CEO/PDMR | |||
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 | LPA Group plc ordinary shares of 10p each
GB0007320806 | |||
b) | Nature of the transaction | Exercise of options | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
63.2p
| 30,000 | ||||
d) | Aggregated information - Aggregated volume - Price |
As above
| |||
e) | Date of the transaction | 5 February 2024 | |||
f) | Place of the transaction | Outside a trading venue | |||
g) | Additional Information | N/A | |||