Tatton Asset Management PLC Grant of Share Options (2268X)
August 08 2018 - 8:19AM
UK Regulatory
TIDMTAM
RNS Number : 2268X
Tatton Asset Management PLC
08 August 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.
TATTON ASSET MANAGEMENT PLC
("TAM", "the Group" or "the Company")
Grant of Share Options
The Board of Tatton Asset Management, the on-platform
discretionary fund management (DFM) and IFA support services
business, announces that it has approved the grant of share options
over a total of 1,720,138 ordinary shares of GBP0.20 each in the
Company ("Ordinary Shares") (the "Options"), pursuant to the Tatton
Asset Management plc Enterprise Management Incentive Plan (the
"Share Option Plan").
The Options were granted on 7 August 2018 and are subject to the
rules of the Share Option Plans, with a nil cost exercise price.
This grant of Options included options over 1,525,000 Ordinary
Shares which were granted to certain directors of the Company and
PDMRs.
The Options can be exercised following the publication of the
audited accounts of the Company for the year ending 31 March 2021
and are subject to the extent that certain performance criteria
have been met, such performance criteria having been set by the
Remuneration Committee.
Following the grant of these Options, the following directors
and PDMRs will hold the following options over Ordinary Shares:
Director Position Number of Ordinary Total number
Shares under of Ordinary
the Options to Shares under
which this announcement option
relates
Paul Hogarth Chief Executive Officer 330,000 833,168
-------------------------- ------------------------- --------------
Lothar Mentel Chief Investment Officer 330,000 1,448,150
-------------------------- ------------------------- --------------
Paul Edwards Chief Financial Officer 765,000 765,000
-------------------------- ------------------------- --------------
Robert Hunt PDMR 100,000 211,815
-------------------------- ------------------------- --------------
Following the grant of the Options, options will be outstanding
over a total of 4,927,546 Ordinary Shares, representing
approximately 8.8% of the current undiluted issued share capital of
the Company which consists of 55,907,513 Ordinary Shares.
NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE
REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM.
Details of the person discharging managerial
1 responsibilities / person closely associated
a) Name Paul Hogarth
--------------------- -------------------------------
2 Reason for the notification
------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------- -------------------------------
b) Initial notification Initial notification
/Amendment
--------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
------------------------------------------------------
a) Name Tatton Asset Management Group
plc
--------------------- -------------------------------
b) LEI 213800G2F8I1N7HTVP88
--------------------- -------------------------------
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
------------------------------------------------------
a) Description Ordinary shares of GBP0.20
of the financial each
instrument,
type of instrument
Identification
code GB00BYX1P358
--------------------- -------------------------------
b) Nature of Issue of options over Ordinary
the transaction Shares
--------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 330,000
----------
--------------------- -------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--------------------- -------------------------------
e) Date of the 7 August 2018
transaction
--------------------- -------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- -------------------------------
Details of the person discharging managerial
1 responsibilities / person closely associated
a) Name Lothar Mentel
--------------------- -------------------------------
2 Reason for the notification
------------------------------------------------------
a) Position/status Chief Investment Officer
--------------------- -------------------------------
b) Initial notification Initial notification
/Amendment
--------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
------------------------------------------------------
a) Name Tatton Asset Management Group
plc
--------------------- -------------------------------
b) LEI 213800G2F8I1N7HTVP88
--------------------- -------------------------------
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
------------------------------------------------------
a) Description Ordinary shares of GBP0.20
of the financial each
instrument,
type of instrument
Identification
code GB00BYX1P358
--------------------- -------------------------------
b) Nature of Issue of options over Ordinary
the transaction Shares
--------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 330,000
----------
--------------------- -------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--------------------- -------------------------------
e) Date of the 7 August 2018
transaction
--------------------- -------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- -------------------------------
Details of the person discharging managerial
1 responsibilities / person closely associated
a) Name Paul Edwards
--------------------- -------------------------------
2 Reason for the notification
------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------- -------------------------------
b) Initial notification Initial notification
/Amendment
--------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
------------------------------------------------------
a) Name Tatton Asset Management Group
plc
--------------------- -------------------------------
b) LEI 213800G2F8I1N7HTVP88
--------------------- -------------------------------
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
------------------------------------------------------
a) Description Ordinary shares of GBP0.20
of the financial each
instrument,
type of instrument
Identification
code GB00BYX1P358
--------------------- -------------------------------
b) Nature of Issue of options over Ordinary
the transaction Shares
--------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 765,000
----------
--------------------- -------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--------------------- -------------------------------
e) Date of the 7 August 2018
transaction
--------------------- -------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- -------------------------------
Details of the person discharging managerial
1 responsibilities / person closely associated
a) Name Robert Hunt
--------------------- -------------------------------
2 Reason for the notification
------------------------------------------------------
a) Position/status PDMR
--------------------- -------------------------------
b) Initial notification Initial notification
/Amendment
--------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
------------------------------------------------------
a) Name Tatton Asset Management Group
plc
--------------------- -------------------------------
b) LEI 213800G2F8I1N7HTVP88
--------------------- -------------------------------
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
------------------------------------------------------
a) Description Ordinary shares of GBP0.20
of the financial each
instrument,
type of instrument
Identification
code GB00BYX1P358
--------------------- -------------------------------
b) Nature of Issue of options over Ordinary
the transaction Shares
--------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 100,000
----------
--------------------- -------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--------------------- -------------------------------
e) Date of the 7 August 2018
transaction
--------------------- -------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- -------------------------------
For further information, please visit
www.tattonassetmanagement.com or contact:
Tatton Asset Management plc +44 (0) 161 486 3441
Paul Hogarth (Chief Executive Officer)
Lothar Mentel (Chief Investment Officer)
Paul Edwards (Chief Financial Officer)
Nomad and Broker
Zeus Capital +44 (0) 20 3829 5000
Martin Green
Dan Bate
Pippa Underwood
Media Enquiries
Powerscourt +44 (0) 20 7250 1446
Justin Griffiths
Mazar Masud
Roddi Vaughan-Thomas
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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