Tatton Asset Management plc
(or "the Company")
Exercise of options and PDMR dealing
Tatton Asset Management PLC (AIM: TAM), the on-platform discretionary fund management (DFM) and IFA support services business announces that it has issued an aggregate 446,245 ordinary shares of £0.20 each ("Ordinary Shares") to satisfy certain employees who have elected to exercise their options pursuant to the Company's employee sharesave scheme, the 2018 EMI Scheme and 2020 EMI Scheme (together the "Option Shares").
Application has been made for the newly issued shares to be admitted to trading on AIM, and admission is expected to take place on 01 September 2023 ("Admission"). Following Admission, the Company's issued share capital will consist of 60,501,968 ordinary shares. There are no ordinary shares held in treasury. Therefore, following Admission, this figure of 60,501,968 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.
As part of the above, certain PDMRs have exercised options over an aggregate of 182,360 shares. The Option Exercise includes certain share options being exercised by Lothar Mentel, Chief Investment Officer, who following the exercise will be interested in 1,110,233 Ordinary Shares, representing approximately 1.84 per cent. Of the Company's Ordinary Share capital.
The full details of these PDMR dealings are shown in the tables below.
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 - Nomad and Broker Martin Green Dan Bate
|
+44 (0) 20 3829 5000 |
| Singer Capital Markets- Joint Broker Peter Steel, Rachel Hayes, Amanda Gray (Investment Banking)
|
+44 (0) 20 7496 3000 |
| Belvedere Communications - Financial PR John West / Llew Angus (media) Cat Valentine / Keeley Clarke (investors)
|
+44 (0) 7407 023147 +44 (0) 7715 769078
|
| Trade Media Enquiries Roddi Vaughan Thomas | +44 (0) 20 7139 1452 |
For more information, please visit: www.tattonassetmanagement.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| | 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 /Amendment | Initial notification |
| 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 of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.20 each
ISIN: GB00BYX1P358 |
| b) | Nature of the transaction | a) Exercise of EMI options b) Exercise of sharesave options
|
| c) | Price(s) and volume(s) | a) Price: NIL b) Price: £2.29 Volume: 7,860
|
| d) | Aggregated information - Aggregated volume - Price | a) Price: NIL b) Price: £2.29 Volume: 7,860
|
| e) | Date of the transaction | a) 25 August 2023 b) 25 August 2023
|
| f) | Place of the transaction | a) London stock Exchange, AIM b) London stock Exchange, AIM |
| | 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 /Amendment | Initial notification |
| 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 of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.20 each
ISIN: GB00BYX1P358 |
| b) | Nature of the transaction | a) Exercise of EMI options b) Exercise of Sharesave options
|
| c) | Price(s) and volume(s) | a) Price: NIL b) Price: £2.29 Volume: 7,860
|
| d) | Aggregated information - Aggregated volume - Price | a) Price: NIL b) Price: £2.29 Volume: 7,860
|
| e) | Date of the transaction | a) 25 August 2023 b) 25 August 2023
|
| f) | Place of the transaction | a) London stock Exchange, AIM b) London stock Exchange, AIM |
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