TIDMTAM
RNS Number : 2239M
Tatton Asset Management PLC
20 September 2021
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
Tatton Asset Management plc
(the "Company" or "Tatton")
PDMR Dealings, Exercise of Options & TVR
Tatton Asset Management PLC (AIM: TAM), the on-platform
discretionary fund management (DFM) and IFA support services
business announces that it has received notice that certain
Directors, PDMRs and employees have elected to exercise their
options ("Option Exercise") under each of the 2017 EMI Scheme and
2018 EMI Scheme, over an aggregate 1,741,703 ordinary shares
("Option Shares") of GBP0.20 each ("Ordinary Shares") in the
Company.
The Company has today issued 966,546 ordinary shares to the
Company's Employee Benefit Trust ("EBT"). Application for these
shares to be admitted to trading on 23 September 2021
("Admission"). To satisfy the Option Exercise, 1,741,703 ordinary
shares are to be awarded from the EBT.
The participants of the Option Exercise include Paul Hogarth
(Chief Executive Officer), Paul Edwards (Chief Financial Officer),
four other PDMRs and eleven further employees (the "Share Option
Participants"). Details in relation to the Option Shares issued to
the two directors and the four other PDMRs are contained in the
PDMR disclosure tables below.
Concurrent with the Option Exercise, certain Share Option
Participants have today sold, in aggregate, 835,194 Option Shares
at a price of GBP5.25 per Option Share in order to either finance
the cost of exercising the options and certain tax liabilities
arising on the exercise of options, or for some participants, to
sell their Option Shares in full for cash.
Following the exercise and sale of Option Shares by the Share
Option Participants, the below directors have increased their
aggregate holdings from 18.42% to 19.22% of the issued share
capital of the Company. The table below details their interests in
the share capital of the Company:
Director Position Ordinary % of total Number Number Resulting % of enlarged
Shares issued of Ordinary of Ordinary total issued
held share Shares Shares number share
previously capital over which sold* of Ordinary capital
Options Shares
exercised held
Chief
Executive
Paul Hogarth Officer 10,575,358 18.26% 553,078 293,646 10,834,790 18.40%
------------ -------------- ----------- ------------- ------------- ------------- --------------
Chief
Financial
Paul Edwards Officer 94,864 0.16% 688,500 297,613 485,751 0.82%
------------ -------------- ----------- ------------- ------------- ------------- --------------
TOTAL 10,670,222 18.42% 1,241,578 591,259 11,320,541 19.22%
-------------- ----------- ------------- ------------- ------------- --------------
*The number of shares sold by each Paul Hogarth and Paul Edwards
are to satisfy the cost of exercising the shares and the tax
liabilities arising on the exercise of options only
Following the above exercise of Options, unexercised options
over an aggregate 1,294,675 ordinary shares have vested and are
exercisable under the 2017 EMI Scheme and 2018 EMI Scheme.
Total Voting Rights
Following Admission, the Company's issued share capital will
consist of 58,895,941 ordinary shares. There are no ordinary shares
held in treasury. Therefore, following Admission, this figure of
58,895,941 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
Paul Hogarth (Chief Executive Officer)
Paul Edwards (Chief Financial Officer)
Lothar Mentel (Chief Investment Officer) +44 (0) 161 486 3441
Zeus Capital - Nomad and Broker
Martin Green (Corporate Finance)
Dan Bate (Corporate Finance and QE) +44 (0) 20 3829 5000
Singer Capital Markets - Joint Broker
Peter Steel (Investment Banking) +44 (0) 20 7496 3061
Rachel Hayes (Investment Banking) +44 (0) 20 7496 3189
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
Trade Media Enquiries
Roddi Vaughan Thomas
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 Paul Hogarth
------------------ --------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status PDMR, Chief Executive Officer
------------------ --------------------------------------------------------
b) Initial Initial notification
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 2017 EMI options
the transaction b) Exercise of 2018 EMI options
c) Sale of ordinary shares
------------------ --------------------------------------------------------
c) Price(s) a) Price: GBP1.89
and volume(s) Volume: 382,070
b) Price: GBPNil
Volume: 171,008
c) Price: GBP5.25
Volume: 293,646
------------------ --------------------------------------------------------
d) Aggregated a) Price: GBP1.89
information Volume: 382,070
- Aggregated
volume
- Price b) Price: GBPNil
Volume: 171,008
c) Price: GBP5.25
Volume: 293,646
------------------ --------------------------------------------------------
e) Date of a) 17 September 2021
the transaction b) 17 September 2021
c) 17 September 2021
------------------ --------------------------------------------------------
f) Place of a) London stock Exchange, AIM
the transaction b) London stock Exchange, AIM
c) 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 17
September 2021
------------------ --------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
----------------------------------------------------------------------------
a) Name Paul Edwards
------------------ --------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status PDMR, Chief Financial Officer
------------------ --------------------------------------------------------
b) Initial Initial notification
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 2018 EMI options
the transaction b) Sale of ordinary shares
------------------ --------------------------------------------------------
c) Price(s) a) Price: GBPNil
and volume(s) Volume: 688,500
b) Price: GBP5.25
Volume: 297,613
------------------ --------------------------------------------------------
d) Aggregated a) Price: GBPNil
information Volume: 688,500
- Aggregated
volume
- Price b) Price: GBP5.25
Volume: 297,613
------------------ --------------------------------------------------------
e) Date of a) 17 September 2021
the transaction b) 17 September 2021
------------------ --------------------------------------------------------
f) Place of a) London stock Exchange, AIM
the 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 17
September 2021
------------------ --------------------------------------------------------
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 Initial notification
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 2018 EMI options
the transaction b) Sale of ordinary shares
------------------ --------------------------------------------------------
c) Price(s) a) Price: GBPNil
and volume(s) Volume: 21,064
b) Price: GBP5.25
Volume: 21,064
------------------ --------------------------------------------------------
d) Aggregated a) Price: GBPNil
information Volume: 21,064
- Aggregated
volume
- Price b) Price: GBP5.25
Volume: 21,064
------------------ --------------------------------------------------------
e) Date of a) 17 September 2021
the transaction b) 17 September 2021
------------------ --------------------------------------------------------
f) Place of a) London stock Exchange, AIM
the 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 17
September 2021
------------------ --------------------------------------------------------
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 Initial notification
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 2018 EMI options
the transaction b) Sale of ordinary shares
------------------ --------------------------------------------------------
c) Price(s) a) Price: GBPNil
and volume(s) Volume: 90,000
b) Price: GBP5.25
Volume: 19,300
------------------ --------------------------------------------------------
d) Aggregated a) Price: GBPNil
information Volume: 90,000
- Aggregated
volume
- Price b) Price: GBP5.25
Volume: 19,300
------------------ --------------------------------------------------------
e) Date of a) 17 September 2021
the transaction b) 17 September 2021
------------------ --------------------------------------------------------
f) Place of a) London stock Exchange, AIM
the 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 17
September 2021
------------------ --------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ryan Seaton
------------------ --------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status PDMR, Business Development Director
------------------ --------------------------------------------------------
b) Initial Initial notification
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 2018 EMI options
the transaction b) Sale of ordinary shares
------------------ --------------------------------------------------------
c) Price(s) a) Price: GBPNil
and volume(s) Volume: 23,974
b) Price: GBP5.25
Volume: 23,974
------------------ --------------------------------------------------------
d) Aggregated a) Price: GBPNil
information Volume: 23,974
- Aggregated
volume
- Price b) Price: GBP5.25
Volume: 23,974
------------------ --------------------------------------------------------
e) Date of a) 17 September 2021
the transaction b) 17 September 2021
------------------ --------------------------------------------------------
f) Place of a) London stock Exchange, AIM
the 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 17
September 2021
------------------ --------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Claire MacNeil
------------------ --------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status PDMR, Office Manager
------------------ --------------------------------------------------------
b) Initial Initial notification
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 2018 EMI options
the transaction b) Sale of ordinary shares
------------------ --------------------------------------------------------
c) Price(s) a) Price: GBPNil
and volume(s) Volume: 18,000
b) Price: GBP5.25
Volume: 18,000
------------------ --------------------------------------------------------
d) Aggregated a) Price: GBPNil
information Volume: 18,000
- Aggregated
volume
- Price b) Price: GBP5.25
Volume: 18,000
------------------ --------------------------------------------------------
e) Date of a) 17 September 2021
the transaction b) 17 September 2021
------------------ --------------------------------------------------------
f) Place of a) London stock Exchange, AIM
the 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 17
September 2021
------------------ --------------------------------------------------------
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END
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September 20, 2021 02:00 ET (06:00 GMT)
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