13 Jul 2011 12:43
For immediate release 13 July 2011
Latchways plc
Notification of Transactions of Persons discharging Managerial Responsibility
Pursuant to paragraph 3.1.4R(1) of the Disclosure and Transparency Rules (the "DTRs"), Latchways plc (the "Company") hereby announces that:
On 13 July 2011, the Company received written notification from David Hearson (a director of the Company) pursuant to paragraph 3.1.2R of the DTRs that:
1. on 13 July 2011 David Hearson had acquired 34,782 Ordinary Shares in the capital of the Company ("Ordinary Shares") pursuant to the exercise of certain share options previously granted to David Hearson to acquire such Ordinary Shares at an exercise price of 287.5 pence per share; and
2. on 13 July 2011, David Hearson transferred 7,723 Ordinary Shares at 1300.0 pence per Ordinary Share to his brother Paul Hearson (also a director of the Company).
On 13 July 2011, the Company received written notification from Paul Hearson (a director of the Company) pursuant to paragraph 3.1.2R of the DTRs that, on 13 July 2011, Paul Hearson had acquired 7,723 Ordinary Shares at a price of 1300.0 pence per Ordinary Share from his brother David Hearson (also a director of the Company).
Following the exercise of the share options by David Hearson referred to above and the subsequent transfer of 7,723 Ordinary Shares from David Hearson to Paul Hearson:
·; David Hearson and his family's shareholding in the Company has increased by 27,059 to 345,102 Ordinary Shares;
·; Paul Hearson and his family's shareholding in the Company has increased by 7,723 to 68,703 Ordinary Shares; and
·; the number of issued shares in the capital of the Company has increased to 11,169,028 Ordinary Shares.
The exercise of options by David Hearson was due to their imminent expiry on 31 July 2011.
END