PDMR dealings and confirmation of board change

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in the announcement of 6 March 2017, Peter Latham retired as non-executive Chairman following the AGM and has been replaced by Nick Latham as Chairman.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
Corporate Broking John Howes

 

 

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)
			Price(s)	Volume(s)
			All at 890p per share	1.     946 2.     903 3.     139 4.     902 5.     138
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)
			Price(s)	Volume(s)
			165p 229.5p	1,818 1,742
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