LTC.L Regulatory News (LTC)

3 Jul 2006 14:34

Latchways PLC03 July 2006 For immediate release 3 July 2006 Latchways plc Notification of Transactions of Persons discharging Managerial Responsibility Pursuant to paragraph 3.1.4R(1) of the Disclosure Rules, Latchways plc (the"Company") hereby announces that: On 3 July 2006, the Company received written notification from Rex A Orton andAlastair J Hogg (both directors of the Company), pursuant to paragraph 3.1.2R ofthe Disclosure Rules and sections 324 and 328 Companies Act 1985, that on 30June 2006 Mr Orton and Mr Hogg had acquired the following numbers of OrdinaryShares pursuant to the exercise of the following share options previouslygranted to Mr Orton and Mr Hogg respectively: Name No. of Ordinary Shares Exercise subject to exercise of Price option Rex A Orton,Director 8,595 349.0p Alastair J HoggDirector 5,290 472.5p On 30 June 2006, Mr Orton transferred 8,595 Ordinary Shares to his wife and MrHogg transferred 5,290 Ordinary Shares to his wife. On 3 July 2006, the Company received written notification from Mr Orton and MrHogg, pursuant to paragraph 3.1.2R of the Disclosure Rules and sections 324 and328 Companies Act 1985, that Mr Orton and Mr Hogg had acquired the followingnumbers of Ordinary Shares pursuant to the exercise of the following shareoptions previously granted to Mr Orton and Mr Hogg respectively: Name No. of Ordinary Shares subject to exercise of Exercise options Price Rex A Orton,Director 26,187 349.0p 34,090 352.5p 69,782 287.5p Alastair JHogg, Director 17,391 287.5p 33,333 345.0p The above mentioned 194,668 Ordinary Shares have been admitted to listing underthe Company's block listing and commenced dealing today. These shares rank paripassu in all respects with the existing issued Ordinary Shares in the capital ofthe Company. The Company also announces that, on 3 July 2006, it has received writtennotification from Mr Orton and Mr Hogg pursuant to paragraph 3.1.2R of theDisclosure Rules and sections 324 and 328 Companies Act 1985 that on 3 July2006: 1. Mr Orton and his wife sold, in total, 123,654 OrdinaryShares in the Company at 775 pence per share; and 2. Mr Hogg and his wife sold, in total, 51,014 Ordinary Sharesin the Company at 775 pence per share. Following the exercise of the share options referred to above and the subsequentdisposal of such Ordinary Shares by Mr Orton, Mr Hogg and their respectivewives, Mr Orton's beneficial shareholding in the Company has increased by 15,000shares to 20,000 Ordinary Shares, and Mr Hogg's beneficial shareholding in theCompany has increased by 5,000 shares to 7,000 Ordinary Shares. Following the above acquisitions and disposals of Ordinary Shares, and also theacquisition by other employees of the Company of 7,082 Ordinary Shares at 353.0pence per share and 8,474 Ordinary Shares at 295.0 pence per share pursuant tothe exercise of share options previously granted to such employees, the numberof issued shares in the capital of the Company has increased to 11,114,987Ordinary Shares of 5 pence each END This information is provided by RNS The company news service from the London Stock Exchange