James Latham plc
("James Latham" or "the Company")
Grant & Exercise of Options
The Board of James Latham announces that, on 2 April 2024, it granted options over 3,104 ordinary shares of 25p each in the Company to Andrew Wright (Managing Director) under the Company's Deferred Bonus Scheme 2012, to be exercised for nil consideration in three years' time. No performance conditions are attached to this award.
In addition, the Trustees of the Company's Deferred Bonus Scheme 2012 has issued 3,474 ordinary shares of 25p each in the Company to Andrew Wright following the exercise of the options under the Company's Deferred Bonus Scheme 2012 issued on 1 April 2021. Mr Wright's resultant shareholding is 36,538 shares or 0.18% of the issued share capital of the Company.
For further information please visit www.lathamtimber.co.uk, or contact:
| James Latham plc | Tel: 01442 849 100 |
| 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 |
| 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.
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| Details of the person discharging managerial responsibilities / person closely associated
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| Reason for the notification
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| b)
| Initial notification /Amendment
| Initial Notification | ||||||||||||||||||
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| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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| Name
| James Latham plc | ||||||||||||||||||
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| LEI
| 2138008M4LVEDHBPBU41 | ||||||||||||||||||
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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)
| 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 over Ordinary Shares | ||||||||||||||||||
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| Aggregated information | | ||||||||||||||||||
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| - Aggregated volume | As above | |||||||||||||||||||
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| - Price | | |||||||||||||||||||
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| e)
| Date of the transaction
| 02 April 2024 | ||||||||||||||||||
| f)
| Place of the transaction
| Outside a trading venue | ||||||||||||||||||
| 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
| |||||||||||||||||||
| 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
| Exercise of options over Ordinary Shares | ||||||||||||||||||
| 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
| 02 April 2024 | ||||||||||||||||||
| f)
| Place of the transaction
| Outside a trading venue | ||||||||||||||||||
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