4 Sep 2017 07:00
James Latham plc
("James Latham" or the "Company")
PDMR dealings
Confirmation of board change
The Company announces that on 31 August 2017 the Trustees of the Company's SIPS scheme allocated 2,567 ordinary shares of 25p each in the Company at 890.0p per share to certain PDMRs as detailed in the table below. In addition on 31 August 2017, the Trustees of the Company's CSOP scheme issued 1,818 ordinary shares of 25p each in the Company at 165.0p per share, and 1,742 ordinary shares of 25p each in the Company at 229.5p per share, following the exercise of options granted under the scheme in 2009 and 2011 respectively.
PDMR | SIPS scheme allocation | CSOP allocation | Resultant Total Shareholding | Resultant Total Voting Rights |
Nick Latham | 946 | - | 628,298 | 3.20% |
David Dunmow | 903 | - | 126,722 | 0.65% |
Chris Sutton | 139 | 3,560 | 54,999 | 0.28% |
Piers Latham | 902 | - | 625,645 | 3.19% |
Andrew Wright | 138 | - | 22,504 | 0.11% |
As anticipated in the announcement of 6 March 2017, Peter Latham retired as non-executive Chairman following the AGM and has been replaced by Nick Latham as Chairman.
Contacts:-
James Latham plc |
Tel: 01442 849 100 |
David Dunmow, Finance Director | |
Northland Capital Partners Limited Nominated Adviser and Broker | Tel: 0203 861 6625 |
Corporate Finance Matthew Johnson, Edward Hutton |
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Corporate Broking John Howes |
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The information set out below is provided in accordance with the requirements of Article 19(3) of MAR.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||||
a)
| Name
| 1. Nick Latham 2. David Dunmow 3. Chris Sutton 4. Piers Latham 5. Andrew Wright | |||||||
2
| Reason for the notification
| ||||||||
a)
| Position/status
| 1. Chairman 2. Finance Director and Company Secretary 3. Executive Director 4. Non-executive Director 5. 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
| 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 | ISIN: GB00B04NP100 | ||||||||
| |||||||||
b)
| Nature of the transaction
| Allocation of shares by Trustees of the Company's SIPS scheme | |||||||
c)
| Price(s) and volume(s) |
|
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|
| ||||
| Price(s) | Volume(s) |
| ||||||
| All at 890p per share |
|
| ||||||
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|
|
| ||||||
d)
| Aggregated information | ||||||||
- Aggregated volume | 2,567 | ||||||||
- Price | 890p | ||||||||
e)
| Date of the transaction
| 31 August 2017 | |||||||
f)
| Place of the transaction
| outside a trading venue | |||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Chris Sutton | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| 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
| 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 | ISIN: GB00B04NP100 | ||||
| |||||
b)
| Nature of the transaction
| exercise of options granted under the Company's COPS scheme | |||
c)
| Price(s) and volume(s) |
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|
|
|
| Price(s) | Volume(s) |
| ||
| 165p 229.5p | 1,818 1,742 |
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| ||
d)
| Aggregated information | ||||
- Aggregated volume | 3,560 | ||||
- Price | 196.6p | ||||
e)
| Date of the transaction
| 31 August 2017 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
Latham Timber (LTHM)