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On 1 March 2023, James Latham plc announced the maturity of its 2019 Save as You Earn (SAYE) scheme. Chairman Nick Latham, Finance Director David Dunmow, Executive Director Piers Latham, and Managing Director Andrew Wright exercised options over a total of 8,662 ordinary shares of 25p each at a price of 727p per share. The issue of these shares was satisfied by shares held by the James Latham Employee Benefits Trust.
| Date | 1 Mar 2023 |
| Time | 17:46:12 |
| Category | Director/PDMR dealings |
| ID | 5819R |
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.
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PDMR |
SIPS scheme allocation |
Resultant Total Shareholding |
Resultant Total Shareholding % |
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Nick Latham - Chairman |
2,475 |
646,082 |
3.20% |
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David Dunmow - Finance Director |
2,475 |
143,670 |
0.71% |
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Piers Latham - Executive Director |
2,475 |
642,956 |
3.19% |
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Andrew Wright - Managing Director |
1,237 |
31,306 |
0.16% |
For further information please visit www.lathamtimber.co.uk or contact:
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James Latham plc |
Tel: 01442 849 100 |
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Nick Latham, Chairman |
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David Dunmow, Finance Director |
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SP Angel Corporate Finance LLP |
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Matthew Johnson / Charlie Bouverat (Corporate Finance) |
Tel: 0203 470 0470 |
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Abigail Wayne, Rob Rees (Corporate Broking) |
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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
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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2
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Reason for the notification
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a)
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Position/status
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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James Latham plc |
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b)
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LEI
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2138008M4LVEDHBPBU41 |
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4
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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)
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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)
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Nature of the transaction
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Exercise of options under the Company's 2019 Save as You Earn Scheme |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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d)
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Aggregated information |
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- Aggregated volume |
As above |
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- Price |
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e)
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Date of the transaction
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1 March 2023 |
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f)
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Place of the transaction
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Outside a trading venue |
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