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Pin to quick picksLpa Regulatory News (LPA)

Share Price Information for Lpa (LPA)

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Trading Update

22 Dec 2010 15:41

RNS Number : 4701Y
LPA Group PLC
22 December 2010
 



LPA GROUP PLC

("LPA" or the "Company")

 

Trading Update

 

LPA Group Plc, the LED Lighting and Electro-Mechanical Engineering Group, is pleased to announce an important contract win, subsidiary company board appointments and trading update.

 

Contract win

 

LPA Excil Electronics has secured an initial order worth £0.6m to supply LED reading lights to be installed in new rolling stock for the French railway operator SNCF. The scope of supply includes LED and optics package, drive electronics, touch sensitive buttons and assembly. Deliveries will commence in 2011 and continue until at least 2014.

 

This initial order is for 142 train sets with options for a total of up to 1,000 train sets, representing a potential value of £4.5m over 10 years.

 

Board Appointments at LPA Excil Electronics

 

John Hesketh, currently Technical Director, is appointed Director and General Manager of LPA Excil Electronics Limited, with effect from 1st January 2011. John, 47, has served Excil for 27 years, starting as an electronics design engineer. He holds HND qualifications in Electronic Engineering and Advanced Engineering Mathematics.

 

Robin Capel Dunn, currently Export Sales Manager, is appointed as Sales Director, Rail Vehicle Lighting for LPA Excil Electronics Limited, with effect from 1st January 2011. Robin, 31, joined the Group as Marketing Assistant in 2004 and holds a Master's Degree in International Business, gained at the Université de Savoie, France. Robin has previously worked as a Business Intelligence Coordinator for Arcelor-Mittal.

 

Trading Update

 

The second half of the financial year ended 30th September proved to be less challenging than the first half, but still very disappointing However, the financial year finished strongly, and the start of the current financial year has been much better than the corresponding period last year.

 

The Preliminary Announcement of results for the year ended 30 September 2010 is expected to be made during the week commencing 24th January 2011.

 

Peter Pollock, Chief Executive, commented

 

"The importance of our LED based Lighting Technology, to the future of the Group, is beginning to manifest itself strongly and to justify the investment we have made in this new technology over recent years. This new contract is one of several opportunities on which we have been working for some time and further announcements are anticipated in due course.

 

"The Board Appointments made at LPA Excil Electronics reflect the progress we are making in changing the face of our company. The result for last year was disappointing for all the reasons we have previously explained but with a good order book for delivery in the current financial year we look to the future with much more confidence."

 

For further information, please contact:

 

Peter Pollock, Chief Executive

Tel: 07881 626123 or 01799 512844

Stephen Brett, Finance Director

Tel: 07881 626127 or 01799 512860

Religare Capital Markets (Nominated Adviser)

Tel: 020 7444 0800

Ben Jeynes

James Pinner

Religare Capital Markets (Broker)

Tel: 020 7444 0500

Alan Rooke

College Hill (PR)

Tel: 020 7457 2020

Gareth David

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTFMMZZKZLGGZM
Date   Source Headline
1st Feb 201210:39 amRNSHolding(s) in Company
31st Jan 20127:00 amRNSRe Contract
25th Jan 20127:00 amRNSExercise of Options and Director Shareholdings
19th Jan 20127:00 amRNSPreliminary Results
21st Nov 201112:00 pmRNSHolding(s) in Company
9th Nov 20119:07 amRNSNew Contract and Trading Update
4th Nov 20117:00 amRNSUpdate on planning situation at Saffron Walden
24th Oct 20117:00 amRNSNew contracts, letter of intent and trading update
29th Jun 20112:32 pmRNSDirector/PDMR Shareholding
29th Jun 20117:00 amRNSRail Contract Win
27th Jun 20117:00 amRNSInterim Results
6th May 20117:00 amRNSContract win and trading update
13th Apr 20117:00 amRNSChange of Adviser
4th Apr 201111:54 amRNSRe Options
1st Apr 201111:01 amRNSGrant of Options
3rd Mar 201112:37 pmRNSAGM Update
27th Jan 20117:00 amRNSPreliminary results
22nd Dec 20103:41 pmRNSTrading Update
16th Aug 201010:19 amRNSDirector/PDMR Shareholding
12th Jul 20108:57 amRNSDirector/PDMR Shareholding
2nd Jul 20104:15 pmRNSDirector/PDMR Shareholding
29th Jun 20104:00 pmRNSDirector/PDMR Shareholding
28th Jun 20107:00 amRNSHalf Yearly Report
4th Mar 201012:44 pmRNSResult of AGM
17th Feb 20104:47 pmRNSDirector/PDMR Shareholding
29th Jan 20107:00 amRNSPreliminary Results
25th Jun 20097:00 amRNSHalf Yearly Report
10th Jun 20097:00 amRNSContract wins and trading update
20th Apr 20092:46 pmRNSDealings by Directors
20th Apr 200910:35 amRNSDealings by Directors
20th Mar 200912:25 pmRNSAGM Statement and Trading Update
9th Mar 20097:00 amRNSLetter To Shareholders
17th Feb 20098:36 amRNSContract win
9th Feb 20092:38 pmRNS?4.7m LED-based lighting contract
29th Jan 20091:56 pmRNSPreliminary Results
13th Nov 20087:00 amRNS?1.5 million rail equipment contract
6th Nov 20087:00 amRNSContract win
28th Oct 20087:00 amRNSContract Win
15th Oct 20087:00 amRNSChange of Adviser
9th Oct 20089:08 amRNSChange of Adviser Name
30th Sep 20083:30 pmRNSResignation of director
3rd Sep 20087:00 amRNSContract win
10th Jul 20087:00 amRNSLondon Underground contracts
30th Jun 20087:00 amRNSInterim Results
11th Mar 20083:32 pmRNSResult of AGM
11th Mar 200812:00 pmRNSAGM Statement
5th Mar 20088:32 amRNSLetter to Shareholders
29th Feb 20087:00 amRNSTotal Voting Rights
18th Feb 20083:14 pmRNSDirector/PDMR Shareholding
13th Feb 20084:25 pmRNSDirector/PDMR Shareholding

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