24th Mar 2023 18:18
LPA Group PLC - Essex-based LED lighting and electro-mechanical systems maker - Annual general meeting motion on power to allot new shares for cash is rejected by 65% of voters at annual general meeting. LPA says it has consulted with its largest shareholder, which owns around 24% of the company. The shareholder said it could not support LPA having the power to allot new shares without pre-emptive offers to existing shareholders.
Current stock price: 82.60 pence
12-month change: up 13%
By Eric Cunha, Alliance News news editor
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