Tatton Asset Management PLC Director/PDMR Shareholding (0385C)

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 [phone]

Paul Hogarth (Chief Executive Officer)

Paul Edwards (Chief Financial Officer)

Lothar Mentel (Chief Investment Officer)

Nomad and Broker

Zeus Capital [phone]

Martin Green

Dan Bate

Pippa Hamnett

Media Enquiries

Powerscourt [phone]

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 [e-mail] or visit www.rns.com.

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June 13, 2019 02:01 ET (06:01 GMT)