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TAM Tatton Asset Management Plc

560.00
0.00 (0.00%)
Last Updated: 08:00:09
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tatton Asset Management Plc LSE:TAM London Ordinary Share GB00BYX1P358 ORD GBP0.20
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 560.00 556.00 568.00 127 08:00:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 32.33M 13.37M 0.2210 25.34 338.86M

Tatton Asset Management PLC Grant of Share Options (2268X)

08/08/2018 1:19pm

UK Regulatory


Tatton Asset Management (LSE:TAM)
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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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August 08, 2018 08:19 ET (12:19 GMT)

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