Tatton Asset Management PLC Trading Statement (6776L)
April 23 2018 - 2:00AM
UK Regulatory
TIDMTAM
RNS Number : 6776L
Tatton Asset Management PLC
23 April 2018
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public domain
23 April 2018
Tatton Asset Management plc (or the 'Group')
Trading statement
Tatton Asset Management plc (AIM: TAM), the on-platform
discretionary fund management (DFM) and IFA support services
business, is today providing an un-audited year end update for the
12 months ended 31 March 2018.
The Group has performed well and the good progress reported in
the interim results has continued. As a result, Group revenue and
operating profit are in line with expectations.
Highlights
Assets under management of GBP4.9 billion at 31 March 2018 (31
March 2017: GBP3.9 billion) an increase of GBP1.0 billion or 25.6%
over the year.
Paradigm Partners, the Group's IFA support services business
continues to attract new members with client firms increasing to
368 (31 March 2017: 352).
Paradigm Mortgage Services, the Group's mortgage distribution
and support services business, continues to grow with membership
rising to 1,219 (31 March 2017: 1,069).
Paul Hogarth, Founder and CEO of Tatton Asset Management plc,
said:
"The positive impact of our IPO has continued, and we are very
pleased that the Group has performed in line with expectations.
Increasing assets under management by GBP1.0 billion in the last
twelve months to GBP4.9 billion, and GBP5.0 billion as at today, is
a continued endorsement of the demand for a DFM service that offers
competitive pricing and has delivered strong investment returns
during challenging markets. We look forward to reporting our full
year results on 27 June 2018."
Enquiries:
Tatton Asset Management
plc
Paul Hogarth (Chief Executive
Officer) +44 (0) 161 486 3441
Lothar Mentel (Chief
Investment Officer) +44 (0) 161 486 3441
Noel Stubley (Chief Financial
Officer) +44 (0) 161 486 3441
Roddi Vaughan-Thomas
(Head of Communications) +44 (0) 20 7190 2952
Zeus Capital - Nomad
and Broker +44 (0) 20 3829 500
Martin Green
Dan Bate
Pippa Underwood
Powerscourt - Financial
PR +44 (0) 20 7250 1446
Justin Griffiths
Mazar Masud
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTKMGZDDGNGRZM
(END) Dow Jones Newswires
April 23, 2018 02:00 ET (06:00 GMT)
Tatton Asset Management (LSE:TAM)
Historical Stock Chart
From Apr 2024 to May 2024
Tatton Asset Management (LSE:TAM)
Historical Stock Chart
From May 2023 to May 2024