Share Options Awarded
LPA Group PLC has announced the award of share options under its Performance Share Plan 2023 to key directors and employees. The CEO received 100,000 options at an exercise price of 56p, bringing their total holding to 297,500, while the CFO was awarded 70,000 options at the same price, increasing their total to 195,000. The Group Operations and Supply Chain Director and the Group Technical Director each received 65,000 options at 56p, with their total holdings remaining at 65,000 each. These options are exercisable from March 10, 2029, and are subject to vesting, a one-year holding period, and clawback/malus provisions.
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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 ("PSP 2023"), to the following directors and employees of the Company (together, the "Award Holders") as follows:
| Award Holder | Position | Number of Options | Exercise Price | Total Number of Options held following this award |
|---|---|---|---|---|
| Philo Daniel-Tran | CEO | 100,000 | 56p | 297,500 |
| Stuart Stanyard | CFO | 70,000 | 56p | 195,000 |
| William Nelson | Group Operations and Supply Chain Director | 65,000 | 56p | 65,000 |
| Martin Ramsden | Group Technical Director | 65,000 | 56p | 65,000 |
Under the terms of the PSP 2023, the Share Options are exercisable from 10 March 2029. 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.
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 Holders.
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 | a) Philo Daniel-Tran b) Stuart Stanyard c) William Nelson d) Martin Ramsden | |
| 2 | Reason for the notification | ||
| a) | Position/status | a) CEO b) CFO c) Group Operations and Supply Chain Director d) Group Technical Director | |
| b) | Initial notification /Amendment | Initial Notification | |
| a) | Name | LPA Group plc | |
| b) | LEI | 2138007S67YLDN6CEF21 | |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary shares of 10p each GB0007320806 | |
| b) | Nature of the transaction | Grant of Share Options | |
| c) | Price(s) and volume(s) | a) Exercise Price: 56p b) Exercise Price: 56p c) Exercise Price: 56p d) Exercise Price: 56p | a) Volume: 100,000 b) Volume: 70,000 c) Volume: 65,000 d) Volume: 65,000 |
| d) | Aggregated information - Aggregated volume - Price | 300,000 56p | |
| e) | Date of the transaction | 10 March 2026 | |
| f) | Place of the transaction | Outside a trading venue | |
| g) | Additional Information | N/A |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.