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IN BRIEF: LPA Group says investors reject motion on issuing new shares

ALN

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%

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