TIDMTAM
RNS Number : 8410X
Tatton Asset Management PLC
02 September 2020
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
(or "the Company")
Exercise of Options and PDMR Dealings
Tatton Asset Management PLC (AIM: TAM), the on-platform
discretionary fund management (DFM) and IFA support services
business announces that it has issued 243,853 ordinary shares of
GBP0.20 each ("Ordinary Shares") to satisfy certain share
entitlements:
I. 113,204 aggregate Ordinary Shares to three employees who
have elected to exercise their share options pursuant to
the Company's Enterprise Management Incentive ("EMI") scheme;
and
II. 130,649 aggregate Ordinary Shares to satisfy certain employee's
entitlements pursuant to the Company's Save As You Earn
scheme (SAYE).
On 02 September 2020 the three employees exercised their share
options over 113,204 new Ordinary Shares ("New Shares") at an
exercise price of GBP1.90 per share. These options were granted
shortly after flotation in 2017. All of these options were
qualifying options for the purpose of the Enterprise Management
Incentive scheme.
As part of the above, certain PDMRs exercised options over an
aggregate 116,668 New Shares. The details of the PDMR dealings and
the resulting interest in the Ordinary Shares of the Company are
shown below:
Name No. of shares % of total No. of shares % of total
before option shares in after option shares in
exercise issue exercise issue
Lothar Mentel
Chief Investment
Officer 991,785 1.76% 1,002,373 1.77%
Robert Hunt
CEO of Paradigm Trust 538,664 0.95% 634,156 1.12%
Anthony Murrell
Sales Partner 306,621 0.54% 317,209 0.56%
Admission
Application has been made for the New Shares to be admitted to
trading on AIM, and admission is expected to take place on or
around 07 September 2020 ("Admission"). The New Shares will,
following Admission, rank pari passu in all respects with the
existing Ordinary Shares in issue and will carry the right to
receive all dividends and distributions declared, made or paid on
or in respect of the Ordinary Shares after Admission.
Total Voting Rights
Following Admission, the Company's issued share capital will
consist of 56,730,258 Ordinary Shares. There are no Ordinary Shares
held in treasury. Therefore, following Admission, this figure of
56,730,258 should be used by shareholders as the denominator for
the calculation by which they determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
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
Zeus Capital (NOMAD and Joint Broker) +44 (0)20 3829 5000
Martin Green
Dan Bate
N+1 Singer (Joint Broker)
Rachel Hayes
Peter Steel +44 (0)20 7496 3000
Belvedere Communications - Financial
PR +44 (0) 7407 023147
John West / Llew Angus (media) + 44 (0) 7715 769078
Cat Valentine / Keeley Clarke (investors) tattonpr@belvederepr.com
Media Enquiries +44 (0)20 7139 1452
Roddi Vaughan-Thomas
Notes to editors
Tatton Asset Management offers a range of services to Directly
Authorised financial advisers in the UK, including on-platform only
discretionary fund management, regulatory, compliance and business
consulting services, and a whole of market mortgage provision.
For more information, please visit:
www.tattonassetmanagement.com
The information below, set out in accordance with the
requirements of the MAR, provides further detail.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lothar Mentel
--------------------- -----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status PDMR, 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 transaction Exercise of Options (SAYE Scheme)
--------------------- -----------------------------------------------
c) Price(s) and Price: GBP1.70
volume(s) Volume: 10,588
--------------------- -----------------------------------------------
d) Aggregated
information Price (weighted average): GBP1.70
- Aggregated Volume: 10,588
volume
- Price
--------------------- -----------------------------------------------
e) Date of the 02 September 2020
transaction
--------------------- -----------------------------------------------
f) Place of the London stock Exchange, AIM
transaction
--------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robert Hunt
--------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status PDMR, Chief Executive Officer of Paradigm
--------------------- --------------------------------------------------
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 a) Exercise of Options (EMI Scheme)
the transaction
b) Exercise of Options (SAYE Scheme)
--------------------- --------------------------------------------------
c) Price(s) and a) Price: GBP1.90
volume(s) Volume: 84,904
b) Price: GBP1.70
Volume: 10,588
--------------------- --------------------------------------------------
d) Aggregated
information a) Price (weighted average): GBP1.90
- Aggregated Volume: 84,904
volume
- Price b) Price (weighted average): GBP1.70
Volume: 10,588
--------------------- --------------------------------------------------
e) Date of the a) 02 September 2020
transaction
b) 02 September 2020
--------------------- --------------------------------------------------
f) Place of the a) London stock Exchange, AIM
transaction
b) London stock Exchange, AIM
--------------------- --------------------------------------------------
The information below, set out in accordance with the
requirements of the MAR, provides further detail.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Anthony Murrell
--------------------- -----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status PDMR, Sales Partner
--------------------- -----------------------------------------------
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,
type of instrument ISIN: GB00BYX1P358
Identification
code
--------------------- -----------------------------------------------
b) Nature of
the transaction Exercise of Options (SAYE Scheme)
--------------------- -----------------------------------------------
c) Price(s) and Price: GBP1.70
volume(s) Volume: 10,588
--------------------- -----------------------------------------------
d) Aggregated
information Price (weighted average): GBP1.70
- Aggregated Volume: 10,588
volume
- Price
--------------------- -----------------------------------------------
e) Date of the 02 September 2020
transaction
--------------------- -----------------------------------------------
f) Place of the London stock Exchange, AIM
transaction
--------------------- -----------------------------------------------
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END
IOEUPUCPBUPUGGP
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