Tatton Asset Management PLC Exercise of Options and PDMR Dealings (8410X)

TIDMTAM

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 GBP0.20 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 GBP1.90 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   % of total   No. of shares   % of total 
                            before option    shares in    after option    shares in 
                                 exercise        issue        exercise        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                                                  [phone] 
  John West / Llew Angus (media)                     + 44 (0) 7715 769078 
  Cat Valentine / Keeley Clarke (investors)      [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   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 transaction                    Exercise of Options (SAYE Scheme) 
     ---------------------  ----------------------------------------------- 
 c)   Price(s) and                      Price: GBP1.70 
       volume(s)                         Volume: 10,588 
     ---------------------  ----------------------------------------------- 
 d)   Aggregated 
       information                        Price (weighted average): GBP1.70 
       - Aggregated                       Volume: 10,588 
       volume 
       - Price 
     ---------------------  ----------------------------------------------- 
 e)   Date of the                       02 September 2020 
       transaction 
     ---------------------  ----------------------------------------------- 
 f)   Place of the                      London stock Exchange, AIM 
       transaction 
     ---------------------  ----------------------------------------------- 
 
 
 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   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 (EMI Scheme) 
       the transaction 
 
                                   b) Exercise of Options (SAYE Scheme) 
     ---------------------  -------------------------------------------------- 
 c)   Price(s) and                      a) Price: GBP1.90 
       volume(s)                         Volume: 84,904 
 
                                         b) Price: GBP1.70 
                                         Volume: 10,588 
     ---------------------  -------------------------------------------------- 
 d)   Aggregated 
       information                        a) Price (weighted average): GBP1.90 
       - Aggregated                       Volume: 84,904 
       volume 
       - Price                            b) Price (weighted average): GBP1.70 
                                          Volume: 10,588 
     ---------------------  -------------------------------------------------- 
 e)   Date of the                 a) 02 September 2020 
       transaction 
 
                                   b) 02 September 2020 
     ---------------------  -------------------------------------------------- 
 f)   Place of the                a) London stock Exchange, AIM 
       transaction 
 
                                   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   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, 
       type of instrument     ISIN: GB00BYX1P358 
       Identification 
       code 
     ---------------------  ----------------------------------------------- 
 b)   Nature of 
       the transaction                    Exercise of Options (SAYE Scheme) 
     ---------------------  ----------------------------------------------- 
 c)   Price(s) and                      Price: GBP1.70 
       volume(s)                         Volume: 10,588 
     ---------------------  ----------------------------------------------- 
 d)   Aggregated 
       information                        Price (weighted average): GBP1.70 
       - Aggregated                       Volume: 10,588 
       volume 
       - Price 
     ---------------------  ----------------------------------------------- 
 e)   Date of the                       02 September 2020 
       transaction 
     ---------------------  ----------------------------------------------- 
 f)   Place of the                      London stock Exchange, AIM 
       transaction 
     ---------------------  ----------------------------------------------- 
 

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September 02, 2020 07:27 ET (11:27 GMT)