Business
PDMR Dealings, Exercise of Options & TVR
PDMR Dealings, Exercise of Options & TVR.
About this update from Tatton Asset Management Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2239M\n Tatton Asset Management PLC\n 20 September 2021\n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \n \n Tatton Asset Management plc\n (the \"Company\" or \"Tatton\")\n PDMR Dealings, Exercise of Options & TVR\n \n \n Tatton Asset Management PLC (AIM: TAM), \n \n the on-platform discretionary fund management (DFM) and IFA support services business\n \n announces that it has received notice that certain Directors, PDMRs and employees have elected to exercise their options (\"Option Exercise\") under each of the 2017 EMI Scheme and 2018 EMI Scheme, over an aggregate 1,741,703 ordinary shares (\"Option Shares\") of £0.20 each (\"Ordinary Shares\") in the Company. \n \n \n The Company has today issued 966,546 ordinary shares to the Company's Employee Benefit Trust (\"EBT\"). Application for these shares to be admitted to trading on 23 September 2021 (\"Admission\"). To satisfy the Option Exercise, 1,741,703 ordinary shares are to be awarded from the EBT.\n \n \n The participants of the Option Exercise include Paul Hogarth (Chief Executive Officer), Paul Edwards (Chief Financial Officer), four other PDMRs and eleven further employees (the \"Share Option Participants\"). Details in relation to the Option Shares issued to the two directors and the four other PDMRs are contained in the PDMR disclosure tables below.\n \n \n Concurrent with the Option Exercise, certain Share Option Participants have today sold, in aggregate, 835,194 Option Shares at a price of £5.25 per Option Share in order to either finance the cost of exercising the options and certain tax liabilities arising on the exercise of options, or for some participants, to sell their Option Shares in full for cash. \n \n \n Following the exercise and sale of Option Shares by the Share Option Participants, the below directors have increased their aggregate holdings from 18.42% to 19.22% of the issued share capital of the Company. The table below details their interests in the share capital of the Company:\n \n \n \n \n \...