Tatton Asset Management PLC Exercise of warrant (0581F)
November 12 2020 - 01:00AM
UK Regulatory
TIDMTAM
RNS Number : 0581F
Tatton Asset Management PLC
12 November 2020
Tatton Asset Management plc
("Tatton" or "the Company")
Exercise of Warrant
Tatton Asset Management PLC (AIM: TAM), the on-platform
discretionary fund management (DFM) and IFA support services
business announces that it has issued 1,118,151 new ordinary shares
of GBP0.20 each in the share capital of the Company ("Ordinary
Shares") following the exercise by Zeus Capital Investments Limited
(the holding company of Tatton's nominated adviser and joint
broker) of its entire warrant over new shares in the Company, at an
exercise price of GBP1.56 per share, which was granted at the time
of the Company's IPO. As a result of the warrant exercise, the
Company will receive cash proceeds on exercise of GBP1,744,316.
There are no remaining warrants over shares in the Company.
The total number of Ordinary Shares in issue following Admission
will be 57,889,065. Accordingly, the figure of 57,889,065 may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the
FCA's Disclosure and Transparency Rules.
Application has been made for the new Ordinary Shares to be
admitted to AIM, with trading expected to commence on 24 November
2020 ("Admission"). Upon Admission, the shares will rank pari passu
in all respects with the existing Ordinary Shares of the
Company.
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
Zeus Capital (NOMAD and Joint Broker) +44 (0)20 3829 5000
Martin Green
Dan Bate
N+1 Singer (Joint Broker)
Rachel Hayes
Peter Steel +44 (0)20 7496 3000
Belvedere Communications - Financial
PR +44 (0) 7407 023147
John West / Llew Angus (media) + 44 (0) 7715 769078
Cat Valentine / Keeley Clarke (investors) tattonpr@belvederepr.com
Media Enquiries +44 (0)20 7139 1452
Roddi Vaughan-Thomas
Notes to editors
Tatton Asset Management offers a range of services to Directly
Authorised financial advisers in the UK, including on-platform only
discretionary fund management, regulatory, compliance and business
consulting services, and a whole of market mortgage provision.
For more information, please visit:
www.tattonassetmanagement.com
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END
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