Share Options Awarded
LPA Group PLC has announced the award of share options under its Performance Share Plan 2023 to its CEO and CFO. The CEO received 197,500 options at an exercise price of 52p, bringing their total holdings to 495,000, while the CFO was awarded 125,000 options at the same price, resulting in a total of 320,000 options. These options are exercisable from April 2, 2029, contingent upon meeting specific earnings per share and market capitalization performance hurdles, and are subject to a one-year holding period post-vesting, as well as clawback and malus provisions.
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LPA Group plc, the innovation-led engineering specialist in developing and manufacturing 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 directors (the "Award Holders"), as follows:
| Director | Position | Number of Options | Exercise Price | Total Number of Options held following this award |
|---|---|---|---|---|
| Philo Daniel-Tran | CEO | 197,500 | 52p | 495,000 |
| Stuart Stanyard | CFO | 125,000 | 52p | 320,000 |
Under the terms of the PSP 2023, the Share Options are exercisable from 02 April 2029 subject to three increasingly targeted performance hurdles which are related to earnings per share and market capitalisation. Following vesting there is a one year holding period. The Share Options are subject to clawback and malus provisions.
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 | |
| 2 | Reason for the notification | ||
| a) | Position/status | a) CEO b) CFO | |
| 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 | Ordinary shares of 10p each GB0007320806 | |
| b) | Nature of the transaction | Issue of Options | |
| c) | Price(s) and volume(s) | Exercise Price(s) | Volume(s) |
| 52p 52p | 197,500 125,000 | ||
| d) | Aggregated information - Aggregated volume - Price | 322,500 52p | |
| e) | Date of the transaction | 02 April 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.