Clapton Site and Director Sha

RNS Number : 0918S

Latham(James) PLC

03 September 2010

 



James Latham plc

("James Latham" or the "Company")

Clapton Site and Director Shareholding

James Latham announces that on 1 September 2010 it received a further £360,000 under the contract for the sale of the Clapton site arising from enhanced development. The site was sold during the year ended 31 March 2005 and the directors are not anticipating any further amounts to be received from the sale.

James Latham announces that the Trustees of the James Latham plc Employee Benefits Scheme acquired 17,650 ordinary 25p shares in the Company on 26 August 2010 at 170p per share, and on 2 September 2010 acquired 4,352 shares at 173p per share. 3,265 of the shares acquired on 2 September were sold by Chris Sutton, a director of the Company, out of his SIPS holding. The Trustees include Pippa Latham and David Dunmow, who are both directors of the Company.

In addition the Trustees of the Company's SIPS scheme allocated 6,731 ordinary 25p shares in the Company on 27 August 2010 at 175p per share to the following directors:

	SIPS scheme allocation	Resultant Shareholding	Percentage of the Company's Total Voting Rights
Peter Latham	387	1,100,619	5.72%
David Dunmow	2,980	68,934	0.36%
Chris Sutton	267	12,795	0.07%
Nick Latham	2,988	592,656	3.08%
Pippa Latham	109	364,749	1.90%

The resultant shareholding in the Employee Benefit Trust is 120,807 ordinary shares. These shares are not allocated to specific employees, although some of the shares may in future be allocated to directors of the Company.

James Latham plc's interim results to the end of September will be announced on 25 November 2010.

For further information please visit www.lathams.co.uk or contact:

James Latham Plc	Tel:  [phone]
Peter Latham, Chairman
David Dunmow, Finance Director
Astaire Securities Plc - Nomad & Broker	Tel:  [phone]
Shane Gallwey

 

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