Leeds Site and Directors' Shareholdings

RNS Number : 6199N

Latham(James) PLC

05 September 2011

 



James Latham plc

("James Latham" or the "Company")

Leeds Site and Directors' Shareholdings

James Latham announces that on 1 September 2011 it completed the purchase of a freehold site in Leeds for £2.7m, funded by a loan from Clydesdale Bank. This site will be improved with modern efficient racking systems to provide opportunities for growth for the business currently carried out at our Ossett depot.

James Latham announces that the Trustees of the Company's SIPS scheme allocated 5,302 ordinary 25p shares in the Company on 30 August 2011 at 240.5p per share to the following Directors:

	SIPS Scheme Allocation	Current Shareholding	Percentage of the Company's Total Voting Rights
Peter Latham	423	1,103,060	5.73%
David Dunmow	2,309	71,487	0.37%
Chris Sutton	156	13,038	0.07%
Nick Latham	2,316	595,220	3.09%
Pippa Latham	98	364,902	1.90%

The resultant shareholding in the Employee Benefit Trust is 194,237 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.

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

James Latham Plc	Tel:  [phone]
Peter Latham, Chairman
David Dunmow, Finance Director
Northland Capital Partners - Nomad & Broker	Tel:  [phone]
Shane Gallwey / Tim Metcalfe

 

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