Grant of Share Options

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 £0.20 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 Shares under the Options to which this announcement relates	Total number of Ordinary Shares under option
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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Hogarth
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary shares of £0.20 each GB00BYX1P358
b)	Nature of the transaction	Issue of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 330,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	7 August 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lothar Mentel
2	Reason for the notification
a)	Position/status	Chief Investment Officer
b)	Initial notification /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary shares of £0.20 each GB00BYX1P358
b)	Nature of the transaction	Issue of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 330,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	7 August 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Edwards
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary shares of £0.20 each GB00BYX1P358
b)	Nature of the transaction	Issue of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 765,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	7 August 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Hunt
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary shares of £0.20 each GB00BYX1P358
b)	Nature of the transaction	Issue of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 100,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	7 August 2018
f)	Place of the transaction	Outside a trading venue

For further information, please visit www.tattonassetmanagement.com or contact:

Tatton Asset Management plc                                                   [phone]

Paul Hogarth (Chief Executive Officer)

Lothar Mentel (Chief Investment Officer)

Paul Edwards (Chief Financial Officer)  

Nomad and Broker         

Zeus Capital                                                                                       [phone]

Martin Green    

Dan Bate

Pippa Underwood

Media Enquiries             

Powerscourt                                                                                      [phone]

Justin Griffiths 

Mazar Masud    

Roddi Vaughan-Thomas              

 

END

 

 

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