REG - Latham(James) PLC - PDMR Dealings and Grant of Options
13/12/2021 16:55
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RNS Number : 4919V Latham(James) PLC 13 December 2021
James Latham plc
("James Latham" or "the Company")
PDMR Dealings and Grant of Options
The Company announces that, on 10 December 2021, the Trustees of the Company's
CSOP scheme issued 586 shares to Andrew Wright under the 2015 CSOP scheme at a
price of 682.5p per share, and 636 shares to each of Nick Latham, David
Dunmow, Andrew Wright and Piers Latham under the 2016 CSOP scheme at a price
of 707.5p per share. The resulting shareholdings are shown in the table below.
The Company also announces that on 10 December 2021 it transferred 50,000
ordinary shares of 25 pence each in the Company ("Ordinary Shares") out of
Treasury and into the James Latham Employee Benefit Trust in order to meet the
requirements of Employee Share Schemes. Ordinary Shares held in Treasury now
total 209,200 and the total number of voting rights that should be used by
shareholders is 19,950,800.
The above figure of 19,950,800 may be used by shareholders in the Company as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure and Transparency
Rules.
PDMR CSOP Resultant Shareholding Resultant Total Voting Rights
Nick Latham 636 641,428 3.22%
David Dunmow 636 139,540 0.70%
Piers Latham 636 638,387 3.20%
Andrew Wright 1,222 29,581 0.15%
The Company also announces that, on 10 December 2021, Trustees of the
Company's CSOP scheme granted 13,516 options at a price of 1260p per share.
The options can be exercised between 11 December 2026 and 10 December 2031.
Included in this are the following options allocated to PDMRs:
PDMR Options Granted
Nick Latham 357
David Dunmow 357
Piers Latham 357
Andrew Wright 357
For further information please visit www.lathamtimber.co.uk
(http://www.lathamtimber.co.uk/) , or contact:
James Latham plc Tel: 01442 849 100
Nick Latham, Chairman
David Dunmow, Finance Director
SP Angel Corporate Finance LLP
Matthew Johnson / Charlie Bouverat (Corporate Finance) Tel: 0203 470 0470
Rob Rees (Corporate Broking)
The information below, set out in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail.
Grant of options:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name 1. Nick Latham
2. David Dunmow
3. Piers Latham
4. Andrew Wright
2 Reason for the notification
a) Position/status 1. Chairman
2. Finance Director
3. Executive Director
4. Managing Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name James Latham plc
b) LEI 2138008M4LVEDHBPBU41
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 25p each
Identification code GB00B04NP100
b) Nature of the transaction Issue of shares under Company CSOP scheme
c) Price(s) and volume(s)
Price(s) Volume(s)
1. 707.5p 1. 636
2. 707.5p 2. 636
3. 707.5p 3. 636
4. 682.5p 4. 586
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 10 December 2021
f) Place of the transaction Outside of a trading venue
2
Reason for the notification
a)
Position/status
1. Chairman
2. Finance Director
3. Executive Director
4. Managing Director
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
James Latham plc
b)
LEI
2138008M4LVEDHBPBU41
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 25p each
Identification code
GB00B04NP100
b)
Nature of the transaction
Issue of shares under Company CSOP scheme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. 707.5p
2. 707.5p
3. 707.5p
4. 682.5p
1. 636
2. 636
3. 636
4. 586
d)
Aggregated information
- Aggregated volume
As above
- Price
e)
Date of the transaction
10 December 2021
f)
Place of the transaction
Outside of a trading venue
Issue of options:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name 1. Nick Latham
2. David Dunmow
3. Piers Latham
4. Andrew Wright
2 Reason for the notification
a) Position/status 1. Chairman
2. Finance Director
3. Executive Director
4. Managing Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name James Latham plc
b) LEI 2138008M4LVEDHBPBU41
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 25p each
Identification code GB00B04NP100
b) Nature of the transaction Grant of options under Company CSOP scheme
c) Price(s) and volume(s)
Price(s) Volume(s)
1. 1260.0 p 1. 357
2. 1260.0 p 2. 357
3. 1260.0 p 3. 357
4. 1260.0 p 4. 357
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 10 December 2021
f) Place of the transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
1. Chairman
2. Finance Director
3. Executive Director
4. Managing Director
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
James Latham plc
b)
LEI
2138008M4LVEDHBPBU41
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 25p each
Identification code
GB00B04NP100
b)
Nature of the transaction
Grant of options under Company CSOP scheme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. 1260.0 p
2. 1260.0 p
3. 1260.0 p
4. 1260.0 p
1. 357
2. 357
3. 357
4. 357
d)
Aggregated information
- Aggregated volume
As above
- Price
e)
Date of the transaction
10 December 2021
f)
Place of the transaction
Outside a trading venue
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