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Last checked at 
13 Jun 2019 07:00
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 £1.56 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 £2.135 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 £2.135 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 /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 | Purchase of Ordinary Shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
n/a | ||||
e) | Date of the transaction | 12 June 2019 | ||||
f) | Place of the transaction | London stock Exchange, AIM | ||||
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 /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 | Sale of Ordinary Shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
n/a | ||||
e) | Date of the transaction | 12 June 2019 | ||||
f) | Place of the transaction | London stock Exchange, AIM | ||||
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 /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 | Purchase of Ordinary Shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
n/a | ||||
e) | Date of the transaction | 12 June 2019 | ||||
f) | Place of the transaction | London stock Exchange, AIM | ||||
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)
Nomad and Broker
Zeus Capital +44 (0) 20 3829 5000
Martin Green
Dan Bate
Pippa Hamnett
Media Enquiries
Powerscourt +44 (0) 20 7250 1446
Mazar Masud
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