Business
Exercise of Options, PDMR Dealings and TVR
Exercise of Options, PDMR Dealings and TVR.
About this update from Tatton Asset Management Plc
[{"type":"text","content":"\n\n \nTatton Asset Management plc\n(or \"the Company\") \n\nExercise of Options, PDMR Dealings and\nTotal Voting Rights\n \nTatton 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.\nAs 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.\nThe table below details the respective PDMR interests in the share capital of the Company.\n \n\n\n\n\nDirector\n\n\nPosition\n\n\nOrdinary Shares held previously\n\n\n% of total issued share capital\n\n\nNumber of Ordinary Shares over which options exercised\n\n\nNumber of Ordinary Shares sold*\n\n\nResulting total number of Ordinary Shares held\n\n\n% of enlarged issued share capital\n\n\n\n\nPaul Edwards\n\n\nChief Financial Officer\n\n\n511,628\n\n\n0.85%\n\n\n137,658\n\n\n137,658\n\n\n511,628\n\n\n0.84%\n\n\n\n\nLothar Mentel\n\n\nChief Investment Officer\n\n\n1,170,233\n\n\n1.93%\n\n\n360,174\n\n\n199,718\n\n\n1,330,689\n\n\n2.20%\n\n\n\n\n\n\n\n\n\n\n1,681,861\n\n\n2.78%\n\n\n497,832\n\n\n337,376\n\n\n1,842,317\n\n\n3.04%\n\n\n\n\n \n \n \n \nAdmission and Total Voting Rights\n \nApplication 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 Or...