LPA Group Shares Rise on Project Award

By Adria Calatayud

Shares in LPA Group PLC rose Thursday after the company said that it has been awarded a project by Siemens Austria for the design and supply of interior lighting and door-status lights for London Underground's Deep Tube upgrade program.

The U.K. lighting and electro-mechanical system manufacturer said the initial award is for the supply of lighting systems for 94 newly designed train sets, with scheduled product deliveries from 2023. The Deep Tube upgrade program has options for a further 216 train sets across other London Underground deep tube lines, LPA said.

LPA said the project award remains subject to contract and is in line with the company's expectations.

Shares in LPA at 0753 GMT were up 13% at 81 pence.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

October 15, 2020 04:16 ET (08:16 GMT)

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