Exercise of Options and PDMR Dealings

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 £0.20 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 £1.90 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 before option exercise	% of total shares in issue	No. of shares after option exercise	% of total shares in 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	[phone]
Paul Hogarth, Chief Executive Officer Paul Edwards, Chief Financial Officer Lothar Mentel, Chief Investment Officer
Zeus Capital (NOMAD and Joint Broker)	[phone]
Martin Green Dan Bate
N+1 Singer (Joint Broker)
Rachel Hayes Peter Steel	[phone]
Belvedere Communications - Financial PR John West / Llew Angus (media) Cat Valentine / Keeley Clarke (investors)	[phone] + 44 (0) 7715 769078 [e-mail]
Media Enquiries	[phone]
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 /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary Shares of £0.20   each ISIN: GB00BYX1P358
b)	Nature of the transaction	Exercise of Options (SAYE Scheme)
c)	Price(s) and volume(s)	Price:  £1.70 Volume:  10,588
d)	Aggregated information - Aggregated volume - Price	Price (weighted average): £1.70 Volume: 10,588
e)	Date of the transaction	02 September 2020
f)	Place of the transaction	London stock Exchange, AIM

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 /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary Shares of £0.20   each ISIN: GB00BYX1P358
b)	Nature of the transaction	a)  Exercise of Options (EMI Scheme) b)  Exercise of Options (SAYE Scheme)
c)	Price(s) and volume(s)	a)  Price:  £1.90 Volume:  84,904 b)  Price:  £1.70 Volume:  10,588
d)	Aggregated information - Aggregated volume - Price	a)  Price (weighted average): £1.90 Volume: 84,904 b)  Price (weighted average): £1.70 Volume: 10,588
e)	Date of the transaction	a)  02 September 2020 b)  02 September 2020
f)	Place of the transaction	a)  London stock Exchange, AIM 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 /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary Shares of £0.20   each ISIN: GB00BYX1P358
b)	Nature of the transaction	Exercise of Options (SAYE Scheme)
c)	Price(s) and volume(s)	Price:  £1.70 Volume:  10,588
d)	Aggregated information - Aggregated volume - Price	Price (weighted average): £1.70 Volume: 10,588
e)	Date of the transaction	02 September 2020
f)	Place of the transaction	London stock Exchange, AIM

 

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