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8 Aug 2018 13:19
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
("TAM", "the Group" or "the Company")
Grant of Share Options
The Board of Tatton Asset Management, the on-platform discretionary fund management (DFM) and IFA support services business, announces that it has approved the grant of share options over a total of 1,720,138 ordinary shares of £0.20 each in the Company ("Ordinary Shares") (the "Options"), pursuant to the Tatton Asset Management plc Enterprise Management Incentive Plan (the "Share Option Plan").
The Options were granted on 7 August 2018 and are subject to the rules of the Share Option Plans, with a nil cost exercise price. This grant of Options included options over 1,525,000 Ordinary Shares which were granted to certain directors of the Company and PDMRs.
The Options can be exercised following the publication of the audited accounts of the Company for the year ending 31 March 2021 and are subject to the extent that certain performance criteria have been met, such performance criteria having been set by the Remuneration Committee.
Following the grant of these Options, the following directors and PDMRs will hold the following options over Ordinary Shares:
Director | Position | Number of Ordinary Shares under the Options to which this announcement relates | Total number of Ordinary Shares under option |
Paul Hogarth | Chief Executive Officer | 330,000 | 833,168 |
Lothar Mentel | Chief Investment Officer | 330,000 | 1,448,150 |
Paul Edwards | Chief Financial Officer | 765,000 | 765,000 |
Robert Hunt | PDMR | 100,000 | 211,815 |
Following the grant of the Options, options will be outstanding over a total of 4,927,546 Ordinary Shares, representing approximately 8.8% of the current undiluted issued share capital of the Company which consists of 55,907,513 Ordinary Shares.
NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU MARKET ABUSE REGULATION 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 | 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 Group 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
GB00BYX1P358 | ||||
b) | Nature of the transaction | Issue of options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 7 August 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Lothar Mentel | ||||
2 | Reason for the notification | |||||
a) | Position/status | 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 Group 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
GB00BYX1P358 | ||||
b) | Nature of the transaction | Issue of options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 7 August 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Paul Edwards | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial 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 Group 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
GB00BYX1P358 | ||||
b) | Nature of the transaction | Issue of options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 7 August 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Robert Hunt | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR | ||||
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 Group 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
GB00BYX1P358 | ||||
b) | Nature of the transaction | Issue of options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 7 August 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
For further information, please visit www.tattonassetmanagement.com or contact:
Tatton Asset Management plc +44 (0) 161 486 3441
Paul Hogarth (Chief Executive Officer)
Lothar Mentel (Chief Investment Officer)
Paul Edwards (Chief Financial Officer)
Nomad and Broker
Zeus Capital +44 (0) 20 3829 5000
Martin Green
Dan Bate
Pippa Underwood
Media Enquiries
Powerscourt +44 (0) 20 7250 1446
Justin Griffiths
Mazar Masud
Roddi Vaughan-Thomas
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