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Tatton Asset Management PLC announced that certain PDMRs exercised options over 497,832 ordinary shares on 25 June 2025, with 472,804 shares sourced from the Employee Benefit Trust and 25,028 new ordinary shares to be issued. These PDMRs, including Paul Edwards and Lothar Mentel, subsequently sold an aggregate of 337,376 ordinary shares at 664p each on the same date. Following these transactions, the directors' aggregate holdings increased from 2.78% to 3.04%, and the company's total voting rights will comprise 60,573,908 ordinary shares upon admission of the new shares on or around 01 July 2025.
| Date | 26 Jun 2025 |
| Time | 13:56:32 |
| Category | Miscellaneous |
| ID | 6113O |
Tatton Asset Management plc
(or "the Company")
Exercise of Options, PDMR Dealings and
Total Voting Rights
Tatton Asset Management PLC (AIM: TAM), the investment management and IFA support services group announces that it has been notified that certain PDMRs have exercised options over an aggregate of 497,832 ordinary shares of £0.20 each in the Company ("Ordinary Shares") pursuant to the 2017 EMI Scheme and the 2020 EMI Scheme (together the "Option Shares"). To satisfy the option exercise, 472,804 Ordinary Shares are to be awarded from the Company's Employee Benefit Trust (EBT), with the remaining 25,028 shares to be satisfied by way of an issue of new Ordinary Shares.
As part of this option exercise certain PDMRs have elected to sell an aggregate 337,376 Ordinary Shares. Following the exercise and sale of Option Shares by the PDMRs, the aggregate holdings of the below directors has increased from 2.78% to 3.04% of the issued share capital of the Company. The exercise of options and resultant sale of Ordinary Shares was to satisfy specific shareholder demand in the market.
The table below details the respective PDMR interests in the share capital of the Company.
|
Director |
Position |
Ordinary Shares held previously |
% of total issued share capital |
Number of Ordinary Shares over which options exercised |
Number of Ordinary Shares sold* |
Resulting total number of Ordinary Shares held |
% of enlarged issued share capital |
|
Paul Edwards |
Chief Financial Officer |
511,628 |
0.85% |
137,658 |
137,658 |
511,628 |
0.84% |
|
Lothar Mentel |
Chief Investment Officer |
1,170,233 |
1.93% |
360,174 |
199,718 |
1,330,689 |
2.20% |
|
|
|
1,681,861 |
2.78% |
497,832 |
337,376 |
1,842,317 |
3.04% |
Admission and Total Voting Rights
Application has been made for the 25,028 new Ordinary Shares to be admitted to trading on AIM, and admission is expected to take place on or around 01 July 2025 ("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.
Following Admission, the Company's issued share capital will consist of 60,573,908 ordinary shares. There are no ordinary shares held in treasury. Therefore, following Admission, this figure of 60,573,908 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.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, provides further detail.
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 |
Paul Edwards |
||||||||
|
2 |
Reason for the notification |
|||||||||
|
a) |
Position/status |
PDMR, 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 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 options b) Sale of Ordinary Shares |
||||||||
|
c) |
Price(s) and volume(s) |
a) Exercise of options
b) Sale of Ordinary Shares
|
||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
As above |
||||||||
|
e) |
Date of the transaction |
a) 25 June 2025 b) 25 June 2025 |
||||||||
|
f) |
Place of the transaction |
a) Outside a trading venue
b) London Stock Exchange, AIM |
||||||||
|
|
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 options b) Sale of Ordinary Shares |
||||||||
|
c) |
Price(s) and volume(s) |
a) Exercise of options
b) Sale of Ordinary Shares
|
||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
As above
|
||||||||
|
e) |
Date of the transaction |
a) 25 June 2025 b) 25 June 2025 |
||||||||
|
f) |
Place of the transaction |
a) Outside a trading venue
b) London Stock Exchange, AIM |
||||||||
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 (Investment Banking) Dan Bate (Investment Banking and QE)
|
+44 (0) 20 3829 5000 |
|
Singer Capital Markets - Joint Broker Peter Steel (Investment Banking)
|
+44 (0) 20 7496 3000 |
|
Gracechurch Group - Financial PR and IR Heather Armstrong / Henry Gamble / Rebecca Scott
|
+44 (0) 20 4582 3500 |
|
Trade Media Enquiries Roddi Vaughan Thomas |
+44 (0) 7469 854 011 |