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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
  -10.00 -3.55% 272.00 270.00 274.00 24,860 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 21.4 10.3 15.0 18.2 154

Tatton Asset Management PLC Exercise of Options and PDMR Dealings

07/08/2020 7:00am

UK Regulatory (RNS & others)


Tatton Asset Management (LSE:TAM)
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TIDMTAM

RNS Number : 4317V

Tatton Asset Management PLC

07 August 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 560,364 ordinary shares of GBP0.20 each ("Ordinary Shares") to certain employees ("Employees") who have elected to exercise their share options pursuant to the Company's Enterprise Management Incentive ("EMI") and Unapproved schemes.

On 06 August 2020 the Employees exercised their share options over 560,364 new Ordinary Shares ("New Shares") at an average exercise price of GBP1.66 per share. These options were granted at the time of flotation in 2017. 437,926 of these options were qualifying options for the purpose of the Enterprise Management Incentive scheme and the remainder were unapproved.

Concurrent with exercise of the share options, the Employees agreed to sell 376,268 New Shares, in order to settle the exercise price for the options and certain tax liabilities arising on the exercise of the unapproved options, at GBP2.80 per share. Completion of these arrangements will occur following Admission.

As part of the above, Helen O'Neill, a PDMR, exercised options over 254,713 New Shares at an exercise price of GBP1.89 per share, and sold 192,420 New Shares at a price of GBP2.80 per share. Following this, Helen has an interest in 78,924 Ordinary Shares.

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 12 August 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 56,486,405 Ordinary Shares. There are no Ordinary Shares held in treasury. Therefore, following Admission, this figure of 56,486,405 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                   Helen O'Neill 
     ---------------------  --------------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------------- 
 a)   Position/status        PDMR, Chief Operating Officer at Tatton Investment 
                              Management Limited 
     ---------------------  --------------------------------------------------------- 
 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 
       the transaction 
 
                                   b) Sale of Ordinary shares 
     ---------------------  --------------------------------------------------------- 
 c)   Price(s) and                      a) Price: GBP1.89 
       volume(s)                         Volume: 254,713 
 
                                         b) Price: GBP2.80 
                                         Volume: 192,420 
     ---------------------  --------------------------------------------------------- 
 d)   Aggregated 
       information                        a) Price (weighted average): GBP1.89 
       - Aggregated                       Volume: 254,713 
       volume 
       - Price                            b) Price (weighted average): GBP2.80 
                                          Volume: 192,420 
     ---------------------  --------------------------------------------------------- 
 e)   Date of the                 a) 06 August 2020 
       transaction 
 
                                   b) 06 August 2020 
     ---------------------  --------------------------------------------------------- 
 f)   Place of the                a) London stock Exchange, AIM 
       transaction 
 
                                   b) Outside normal trading venue - the transactions 
                                   will take effect conditional only on formal 
                                   admission of newly issued shares to AIM, but 
                                   subject to this became legally binding on 
                                   06 August 2020 
     ---------------------  --------------------------------------------------------- 
 

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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