LPA Group PLC Result of AGM (1738U)

TIDMLPA

RNS Number : 1738U

LPA Group PLC

24 March 2023

LPA GROUP PLC

("LPA", the "Company" or the "Group")

Result of AGM

LPA Group Plc, the high reliability LED lighting, electronic and electro-mechanical system designer and manufacturer, announces that at its annual general meeting ("AGM"), shareholders passed, on a poll, ordinary resolutions 1, 2, 3, 4 and 5. In respect of special resolutions 6 and 7, resolution 7 was passed on a poll but resolution 6 was not passed.

The Company has consulted with its largest shareholder, representing approximately 24% of the Company's share capital, who is not willing to support the Company having a general power permitting the new issue of shares for cash, without pre-emptive offers to existing shareholders.

The result of the poll for resolution 6 was as follows:

 
 Special             Votes For                Votes Against             Total Votes Cast             Votes 
  Resolution                                                                                          Withheld 
                     No of         % of       No of shares   % of       No of shares   % of          No 
                      shares        shares                    shares                    ISC shares    of 
                                    voted                     voted                     voted         shares 
                    ------------  ---------  -------------  ---------  -------------  ------------  ---------- 
 6. That 
  subject 
  to the 
  passing 
  of resolution 
  5 the directors 
  be given 
  power to 
  allot equity 
  securities 
  for cash             1,881,450     34.97%     3,498,843      65.03%     5,380,293      39.90%        6,102 
                    ------------  ---------  -------------  ---------  -------------  ------------  ----------

A copy of the resolutions is included in the Company's Annual Report & Accounts, which are available on the Company's website, www.lpa-group.com

 
 Enquires:                             www.lpa-group.com     Tel: 
------------------------------------  -------------------   -------------- 
 
 LPA Group plc 
 Robert B Horvath                      Chairman              01799 512 800 
 Paul Curtis                           CEO 
 Stuart Stanyard                       CFO 
 
 finnCap                               NOMAD and Broker      020 7220 0500 
 Ed Frisby / Abigail Kelly 
  (Corporate Finance) 
  Tim Redfern / Charlotte Sutcliffe 
  (ECM)

About LPA

LPA Group plc (AIM: LPA) is a market leading designer, manufacturer and supplier of high reliability LED lighting, electronic and electro-mechanical systems, and a distributor of engineered components.

Focused on transport (rail and aviation), 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: LPA Connection Systems - electro-mechanical systems for rail, aviation and industrial, and LPA Lighting Systems - LED lighting and electronic systems for rail and infrastructure. The third site is LPA Channel Electric - a value added distributer of engineered components for rail, aerospace and defence.

With over 160 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

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END

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