REG - Latham(James) PLC - Grant of Options and PDMR Dealings <Origin Href="QuoteRef">LTHM.L</Origin>

James LathamAnnouncement

02/08/2016 15:20

RNS Number : 0290G
Latham(James) PLC
02 August 2016
James Latham plc
("James Latham" or "the Company")
Grant of Options and PDMR Dealings
James Latham announces that on 29 July 2016it issued 183,484 options under the James Latham plc Save as You Earn Scheme at 565p per share. The options can be exercised between 1 September 2019 and 1 March 2020. Included in this are the following options allocated to Persons Discharging Managerial Responsibility ("PDMRs"):
PDMR
Options granted
Nick Latham
3,185
David Dunmow
3,185
Chris Sutton
3,185
Piers Latham
3,185
Andrew Wright
1,592
The Company also announces that on 29 July 2016, the Trustees of the Company's SIPS scheme allocated 1,643 shares at 657.5p per share to certain PDMRs as detailed in the table below. In addition on 29 July 2016 the Trustees of the Company's CSOP scheme issued 2,532 ordinary 25p shares in the Company at 197.5p per share to David Dunmow following the exercise of options granted under the scheme in 2010. 
PDMR
SIPS scheme allocation
CSOP allocation
Resultant Total Shareholding
Resultant Total Voting Rights
Nick Latham
821
-
625,052
3.18%
David Dunmow
822
2,532
123,590
0.63%
The Company has also been informed that Piers Latham has transferred 3,658 shares into a joint shareholding with his wife, and Peter Latham has transferred 556,382 from an account in joint names to his sole ownership. Neither of these transfers result in any change in the directors' beneficial interests.
The Company's AGM will be held at Gallery Level, Business Design Centre, 52 Upper Street, London, N1 0QH on 24 August 2016 at 12.30 pm
Enquiries
James Latham plc
Tel: 01442 849 100
David Dunmow, Finance Director



Northland Capital Partners Limited 
Nominated Adviser and Broker
Tel: 0203 861 6612
Matthew Johnson / Edward Hutton
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.
1
Details of the person discharging managerial responsibilities I person closely associated
a)
Name
1. Nick Latham 
2. David Dunmow
3. Chris Sutton
4. Piers Latham
5. Andrew Wright
2
Reasonforthenotification
a)
Position/status
Directors of the Company
b)
Initialnotification/Amendment
Initial notification 
3
Details of the issuer, emission allowance market participant,auction platform, auctioneerorauctionmonitor
a)
Name
James Latham plc 
b)
LEI
N/A
4
Detailsofthetransaction(s):sectiontoberepeated for(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeenconducted
a)
Descriptionof the financial instrument,type ofinstrument
Option over Ordinary Shares
Identificationcode
ISIN for James Latham plc Ordinary Shares:
GB00B04NP100
b)
Natureofthetransaction
Grant of Option
c)
Price(s)andvolume(s)
Price(s)
Volume(s)
1. 565p
2. 565p
3. 565p
4. 565p
5. 565p
1. 3,185
2. 3,185
3. 3,185
4. 3,185
5. 1,592
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 July 2016
f)
Place of the transaction
N/A
1
Details of the person discharging managerial responsibilities I person closely associated
a)
Name
Nick Latham 
2
Reasonforthenotification
a)
Position/status
Director
b)
Initialnotification/Amendment
Initial notification 
3
Details of the issuer, emission allowance market participant,auction platform, auctioneerorauctionmonitor
a)
Name
James Latham plc 
b)
LEI
N/A
4
Detailsofthetransaction(s):sectiontoberepeated for(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeenconducted
a)
Descriptionof the financial instrument,type ofinstrument
Ordinary shares of 25p each
Identificationcode
ISIN for James Latham plc Ordinary Shares:
GB00B04NP100
b)
Natureofthetransaction
Purchase of shares under the Company's SIPS Scheme
c)
Price(s)andvolume(s)
Price(s)
Volume(s)
657.5p
821
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 July 2016
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities I person closely associated
a)
Name
David Dunmow 
2
Reasonforthenotification
a)
Position/status
Director
b)
Initialnotification/Amendment
Initial notification 
3
Details of the issuer, emission allowance market participant,auction platform, auctioneerorauctionmonitor
a)
Name
James Latham plc 
b)
LEI
N/A
4
Detailsofthetransaction(s):sectiontoberepeated for(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeenconducted
a)
Descriptionof the financial instrument,type ofinstrument
Ordinary shares of 25p each
Identificationcode
ISIN for James Latham plc Ordinary Shares:
GB00B04NP100
b)
Natureofthetransaction
Purchase of shares under the Company's SIPS Scheme
Purchase of shares under the Company's CSOP Scheme 
c)
Price(s)andvolume(s)
Price(s)
Volume(s)
1. 657.5p
2. 197.5p
1. 822
2. 2,532
2,532
d)
Aggregated information
- Aggregated volume
- Price
N/A (different option schemes)
e)
Date of the transaction
29 July 2016
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities I person closely associated
a)
Name
Piers Latham 
2
Reasonforthenotification
a)
Position/status
Director
b)
Initialnotification/Amendment
Initial notification 
3
Details of the issuer, emission allowance market participant,auction platform, auctioneerorauctionmonitor
a)
Name
James Latham plc 
b)
LEI
N/A
4
Detailsofthetransaction(s):sectiontoberepeated for(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeenconducted
a)
Descriptionof the financial instrument,type ofinstrument
Ordinary shares of 25p each
Identificationcode
ISIN for James Latham plc Ordinary Shares:
GB00B04NP100
b)
Natureofthetransaction
Transfer of ordinary shares to person closely associated with PDMR
c)
Price(s)andvolume(s)
Price(s)
Volume(s)
nil
3,658
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 July 2016
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities I person closely associated
a)
Name
Philippa Latham
2
Reasonforthenotification
a)
Position/status
Person closely associated with Piers Latham (Executive Director)
b)
Initialnotification/Amendment
Initial notification 
3
Details of the issuer, emission allowance market participant,auction platform, auctioneerorauctionmonitor
a)
Name
James Latham plc 
b)
LEI
N/A
4
Detailsofthetransaction(s):sectiontoberepeated for(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeenconducted
a)
Descriptionof the financial instrument,type ofinstrument
Ordinary shares of 25p each
Identificationcode
ISIN for James Latham plc Ordinary Shares:
GB00B04NP100
b)
Natureofthetransaction
Transfer of shares from PDMR into a joint account 
c)
Price(s)andvolume(s)
Price(s)
Volume(s)
nil
3,658
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 July 2016
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities I person closely associated
a)
Name
Peter Latham 
2
Reasonforthenotification
a)
Position/status
Director
b)
Initialnotification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant,auction platform, auctioneerorauctionmonitor
a)
Name
James Latham plc
b)
LEI
N/A
4
Detailsofthetransaction(s):sectiontoberepeated for(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeenconducted
a)
Descriptionof the financial instrument,type ofinstrument
Ordinary shares of 25p each
Identificationcode
ISIN for James Latham plc Ordinary Shares:
GB00B04NP100
b)
Natureofthetransaction
Transfer of shares from joint holding with person closely associated
c)
Price(s)andvolume(s)
Price(s)
Volume(s)
nil
556,382
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 July 2016
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities I person closely associated
a)
Name
Allison Porter
2
Reasonforthenotification
a)
Position/status
Person closely associated with Peter Latham (Non-Executive Chairman) 
b)
Initialnotification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant,auction platform, auctioneerorauctionmonitor
a)
Name
James Latham plc
b)
LEI
N/A
4
Detailsofthetransaction(s):sectiontoberepeated for(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeenconducted
a)
Descriptionof the financial instrument,type ofinstrument
Ordinary shares of 25p each
Identificationcode
ISIN for James Latham plc Ordinary Shares:
GB00B04NP100
b)
Natureofthetransaction
Transfer of shares from joint holding to PDMR
c)
Price(s)andvolume(s)
Price(s)
Volume(s)
Nil
556,382
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 July 2016
f)
Place of the transaction
London Stock Exchange

This information is provided by RNS
The company news service from the London Stock Exchange
  END
DSHUURSRNRAWRAR