LONDON - James Latham plc, a UK-based timber and building materials supplier, has announced the grant of share options to its top executives under the company's CSOP scheme. On Monday, options over 25p ordinary shares were granted at an exercise price of 1170p each, to be exercised from 20 December 2029 to 19 December 2034.
The options were distributed equally among five Persons Discharging Managerial Responsibilities (PDMRs), including Chairman Nick Latham, Finance Director David Dunmow, Executive Director Piers Latham, Managing Director Andrew Wright, and Associate Director Nick Widlinski, with each receiving 512 options.
Additionally, on Tuesday, the company issued 1,094 ordinary shares of 25 pence each to certain PDMRs at a price of 965p per share. As a result, the shareholdings of the PDMRs have changed, with Nick Latham now holding a 3.23% stake in the company, David Dunmow holding 0.73%, Piers Latham holding 3.21%, and Nick Widlinski holding a 0.01% stake.
These transactions were conducted outside a trading venue and have been reported in accordance with the EU Market Abuse Regulation. The new shareholdings reflect the PDMRs' vested interest in the company's performance.
The grant and issuance of options and shares are part of James Latham's incentive plan aimed at aligning the interests of its senior management with those of its shareholders. The company's share price and the exercise price of the options indicate a positive outlook for the company's future performance.
This information is based on a press release statement issued by the company and provides insight into the current remuneration and incentive structure for James Latham's executives. James Latham is listed on the London Stock Exchange (LON:LSEG), and further details about the transactions can be found on the company's website.
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