Latham(James) PLC Exercise of Options & PDMR Dealings (5819R)

TIDMLTHM

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   Resultant             Resultant 
                                       allocation    Total Shareholding    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: [phone] 
 Nick Latham, Chairman 
 David Dunmow, Finance Director 
 
 SP Angel Corporate Finance LLP 
 Matthew Johnson / Charlie Bouverat (Corporate   Tel: [phone] 
  Finance) 
 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        Initial Notification 
       /Amendment 
     --------------------------  --------------------------------------- 
 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          Ordinary shares of 25p each 
       financial instrument, 
       type of instrument 
 
      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       1.   2,475 
                                              p          2.   2,475 
                                        2.   727 .0      3.   2,475 
                                              p          4.   1,237 
                                        3.   727. 0 
                                              p 
                                        4.   727 .0 
                                              p 
                                      ---------------  ------------- 
 
 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 
     --------------------------  --------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHNKDBQOBKDQNK

(END) Dow Jones Newswires

March 01, 2023 12:46 ET (17:46 GMT)