Last checked at 2 Aug 2016 15:05
James Latham plc
("James Latham" or "the Company")
Grant of Options and PDMR Dealings
James Latham announces that on 29 July 2016 it 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 |
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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 |
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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 |
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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
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2 | Reason for the notification | |||||
a) | Position/status | Directors of the Company | ||||
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 | N/A | ||||
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
| Option over Ordinary Shares | ||||
Identification code | ISIN for James Latham plc Ordinary Shares: GB00B04NP100 | |||||
b) | Nature of the transaction | Grant of Option | ||||
c) | Price(s) and volume(s) |
| ||||
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 | Reason for the notification | |||||
a) | Position/status | 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 | N/A | ||||
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 | ISIN for James Latham plc Ordinary Shares: GB00B04NP100 | |||||
b) | Nature of the transaction | Purchase of shares under the Company's SIPS Scheme
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c) | Price(s) and volume(s) |
| ||||
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 | Reason for the notification | |||||
a) | Position/status | 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 | N/A | ||||
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 | ISIN for James Latham plc Ordinary Shares: GB00B04NP100 | |||||
b) | Nature of the transaction | Purchase of shares under the Company's SIPS Scheme Purchase of shares under the Company's CSOP Scheme | ||||
c) | Price(s) and volume(s) |
| ||||
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 | Reason for the notification | |||||
a) | Position/status | 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 | N/A | ||||
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 | ISIN for James Latham plc Ordinary Shares: GB00B04NP100 | |||||
b) | Nature of the transaction | Transfer of ordinary shares to person closely associated with PDMR
| ||||
c) | Price(s) and volume(s) |
| ||||
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 | Reason for the notification | |||||
a) | Position/status | Person closely associated with Piers Latham (Executive 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 | N/A | ||||
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 | ISIN for James Latham plc Ordinary Shares: GB00B04NP100 | |||||
b) | Nature of the transaction | Transfer of shares from PDMR into a joint account
| ||||
c) | Price(s) and volume(s) |
| ||||
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 | Reason for the notification | |||||
a) | Position/status | 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 | N/A | ||||
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 | ISIN for James Latham plc Ordinary Shares: GB00B04NP100 | |||||
b) | Nature of the transaction | Transfer of shares from joint holding with person closely associated | ||||
c) | Price(s) and volume(s) |
| ||||
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 | Reason for the notification | |||||
a) | Position/status | Person closely associated with Peter Latham (Non-Executive Chairman) | ||||
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 | N/A | ||||
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 | ISIN for James Latham plc Ordinary Shares: GB00B04NP100 | |||||
b) | Nature of the transaction | Transfer of shares from joint holding to PDMR | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price
| N/A | ||||
e) | Date of the transaction | 29 July 2016 | ||||
f) | Place of the transaction | London Stock Exchange | ||||