James Latham plc
("James Latham" or "the Company")
PDMR Dealings and Grant of Options
The Company announces that, on 10 December 2021, the Trustees of the Company's CSOP scheme issued 586 shares to Andrew Wright under the 2015 CSOP scheme at a price of 682.5p per share, and 636 shares to each of Nick Latham, David Dunmow, Andrew Wright and Piers Latham under the 2016 CSOP scheme at a price of 707.5p per share. The resulting shareholdings are shown in the table below.
The Company also announces that on 10 December 2021 it transferred 50,000 ordinary shares of 25 pence each in the Company ("Ordinary Shares") out of Treasury and into the James Latham Employee Benefit Trust in order to meet the requirements of Employee Share Schemes. Ordinary Shares held in Treasury now total 209,200 and the total number of voting rights that should be used by shareholders is 19,950,800.
The above figure of 19,950,800 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
| PDMR | CSOP | Resultant Shareholding | Resultant Total Voting Rights |
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| Nick Latham | 636 | 641,428 | 3.22% |
| David Dunmow | 636 | 139,540 | 0.70% |
| Piers Latham | 636 | 638,387 | 3.20% |
| Andrew Wright | 1,222 | 29,581 | 0.15% |
The Company also announces that, on 10 December 2021, Trustees of the Company's CSOP scheme granted 13,516 options at a price of 1260p per share. The options can be exercised between 11 December 2026 and 10 December 2031. Included in this are the following options allocated to PDMRs:
| PDMR | Options Granted |
|
|
|
| Nick Latham | 357 |
| David Dunmow | 357 |
| Piers Latham | 357 |
| Andrew Wright | 357 |
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 |
| Rob Rees (Corporate Broking) | |
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Grant of options:
| 1
| Details of the person discharging managerial responsibilities / person closely associated
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| a)
| Name
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| 2
| Reason for the notification
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| a)
| Position/status
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| b)
| Initial notification /Amendment
| Initial Notification | ||||||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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| 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
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| a)
| Description of the financial instrument, type of instrument | Ordinary shares of 25p each
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| Identification code | GB00B04NP100 | |||||||||||||||||||
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| b)
| Nature of the transaction
| Issue of shares under Company CSOP scheme | ||||||||||||||||||
| c)
| Price(s) and volume(s) | | | | | |||||||||||||||
| | | Price(s) | Volume(s) | | ||||||||||||||||
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| d)
| Aggregated information | | ||||||||||||||||||
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| - Aggregated volume | As above | |||||||||||||||||||
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| - Price | | |||||||||||||||||||
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| e)
| Date of the transaction
| 10 December 2021 | ||||||||||||||||||
| f)
| Place of the transaction
| Outside of a trading venue | ||||||||||||||||||
Issue of options:
| 1
| Details of the person discharging managerial responsibilities / person closely associated
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| a)
| Name
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| 2
| Reason for the notification
| |||||||||||||||||||
| a)
| Position/status
|
| ||||||||||||||||||
| 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
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| Identification code | GB00B04NP100 | |||||||||||||||||||
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| b)
| Nature of the transaction
| Grant of options under Company CSOP scheme | ||||||||||||||||||
| c)
| Price(s) and volume(s) | | | | | |||||||||||||||
| | | Price(s) | Volume(s) | | ||||||||||||||||
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| d)
| Aggregated information | | ||||||||||||||||||
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| - Aggregated volume | As above | |||||||||||||||||||
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| - Price | | |||||||||||||||||||
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| e)
| Date of the transaction
| 10 December 2021 | ||||||||||||||||||
| f)
| Place of the transaction
| Outside a trading venue | ||||||||||||||||||
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