Exercise of Options & PDMR Dealings

RNS Number : 5819R
Latham(James) PLC
01 March 2023
 

James Latham plc

("James Latham" or "the Company")

Exercise of Options & PDMR Dealings

 

The Company announces that on 1 March 2023, the Company's 2019 Save as You Earn ("SAYE") scheme matured, and options were exercised by certain PDMR's as detailed below, over 8,662 ordinary shares of 25p at a price of 727p per share. The issue of ordinary shares in connection with the maturing of the SAYE scheme was satisfied by shares held by the James Latham Employee Benefits Trust.

 

PDMR

SIPS scheme allocation

Resultant Total Shareholding

Resultant Total Shareholding %

Nick Latham - Chairman

2,475

646,082

3.20%

David Dunmow - Finance Director

2,475

143,670

0.71%

Piers Latham - Executive Director

2,475

642,956

3.19%

Andrew Wright - Managing Director

1,237

31,306

0.16%

 

For further information please visit 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

Abigail Wayne, Rob Rees (Corporate Broking)

 

 

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

Issue of Ordinary Shares to PDMRs

 

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

 

Exercise of options under the Company's 2019 Save as You Earn Scheme

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




1.

727.0 p

2.

727 .0 p

3.

727. 0 p

4.

727 .0 p

1.

2,475

2.

2,475

3.

2,475

4.

1,237







d)

 

Aggregated information




- Aggregated volume

As above



- Price




e)

 

Date of the transaction

 

1 March 2023

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

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