TIDMTAM
RNS Number : 0385C
Tatton Asset Management PLC
13 June 2019
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
("Tatton", "the Group" or "the Company")
Director / PDMR Dealing
The Company was informed that, on 12 June 2019, Paul Hogarth,
CEO of Tatton, exercised share options (the "Call Options") over a
total of 1,209,111 ordinary shares of 20 pence each in the Company
("Ordinary Shares"). The Call Options were exercised at a price of
GBP1.56 per Ordinary Share pursuant to call option agreements
entered into between Paul Hogarth and certain other shareholders in
the Company on 19 June 2017 (the "Call Option Agreements").
As part of the exercise of the Call Options, one of the Call
Option Agreements was only partially exercised, leaving call
options over a further 91,176 Ordinary Shares unexercised. However,
this Call Option Agreement has now been terminated, meaning that no
further Call Options can be exercised under the Call Option
Agreements.
The Company also reports that, on the same day:
-- Paul Hogarth sold 1,209,111 Ordinary Shares at a price of
GBP2.135 per Ordinary Share, being all of the Ordinary Shares he
acquired pursuant to the exercise of the Call Options detailed
above; and
-- Lothar Mentel, Chief Investment Officer of Tatton, acquired
100,000 Ordinary Shares at a price of GBP2.135 per Ordinary
Share.
Following all of the above transactions:
-- Paul Hogarth has an interest in 10,484,632 Ordinary Shares,
representing approximately 18.75 per cent. of the Company's issued
Ordinary Share capital, which remains unchanged, save that he no
longer has any interest in the Company's share capital pursuant to
the Call Option Agreements; and
-- Lothar Mentel has an interest in 965,988 Ordinary Shares,
representing approximately 1.73 per cent. of the Company's issued
Ordinary Share capital.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Paul Hogarth
--------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Director, 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 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 each
of the financial
instrument, ISIN: GB00BYX1P358
type of instrument
Identification
code
--------------------- ------------------------------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--------------------- ------------------------------------------------
c) Price(s) and Price No. of shares
volume(s) 156 pence 1,209,111
--------------
--------------------- ------------------------------------------------
d) Aggregated
information n/a
- Aggregated
volume
- Price
--------------------- ------------------------------------------------
e) Date of the 12 June 2019
transaction
--------------------- ------------------------------------------------
f) Place of the London stock Exchange, AIM
transaction
--------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Paul Hogarth
--------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Director, 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 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 each
of the financial
instrument, ISIN: GB00BYX1P358
type of instrument
Identification
code
--------------------- ------------------------------------------------
b) Nature of the Sale of Ordinary Shares
transaction
--------------------- ------------------------------------------------
c) Price(s) and Price No. of shares
volume(s) 213.5 pence 1,209,111
--------------
--------------------- ------------------------------------------------
d) Aggregated
information n/a
- Aggregated
volume
- Price
--------------------- ------------------------------------------------
e) Date of the 12 June 2019
transaction
--------------------- ------------------------------------------------
f) Place of the London stock Exchange, AIM
transaction
--------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lothar Mentel
--------------------- -------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Director, 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 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 each
of the financial
instrument, ISIN: GB00BYX1P358
type of instrument
Identification
code
--------------------- -------------------------------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--------------------- -------------------------------------------------
c) Price(s) and Price No. of shares
volume(s) 213.5 pence 100,000
--------------
--------------------- -------------------------------------------------
d) Aggregated
information n/a
- Aggregated
volume
- Price
--------------------- -------------------------------------------------
e) Date of the 12 June 2019
transaction
--------------------- -------------------------------------------------
f) Place of the London stock Exchange, AIM
transaction
--------------------- -------------------------------------------------
For further information, please contact:
Tatton Asset Management plc +44 (0) 161 486 3441
Paul Hogarth (Chief Executive Officer)
Paul Edwards (Chief Financial Officer)
Lothar Mentel (Chief Investment Officer)
Nomad and Broker
Zeus Capital +44 (0) 20 3829 5000
Martin Green
Dan Bate
Pippa Hamnett
Media Enquiries
Powerscourt +44 (0) 20 7250 1446
Mazar Masud
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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