Source - RNS
RNS Number : 1810J
AIM
26 June 2017
 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")


COMPANY NAME:

TATTON ASSET MANAGEMENT PLC (THE "COMPANY" OR "TAM")

 

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

PARADIGM HOUSE, LOWER MEADOW ROAD, HANDFORTH, WILMSLOW, CHESHIRE SK9 3ND

 

COUNTRY OF INCORPORATION:

ENGLAND AND WALES

 

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

WWW.TATTONASSETMANAGEMENT.COM

 

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

TATTON ASSET MANAGEMENT PLC AND ITS SUBSIDIARIES PROVIDES A RANGE OF SERVICES TO THE FCA DIRECTLY AUTHORISED FINANCIAL ADVISER ("DA IFA") MARKETPLACE ENCOMPASSING DISCRETIONARY FUND MANAGEMENT ("DFM"), REGULATORY AND COMPLIANCE SERVICES AND MORTGAGE SERVICES.

 

THE GROUP HAS THREE OPERATING SUBSIDIARIES, TATTON CAPITAL LIMITED, PARADIGM PARTNERS LIMITED AND PARADIGM MORTAGE SERVICES LLP, OFFERING SERVICES TO THE CORE MEMBER BASE OF TAM AND, IN THE CASE OF ITS DFM BUSINESS, TO ADDITIONAL THIRD PARTY IFAS.

 

TATTON CAPITAL LIMITED'S DFM SERVICE IS EXCLUSIVELY AVAILABLE VIA PLATFORMS AND IS CURRENTLY AVAILABLE ON 10 ADVISER WRAP PLATFORMS. IT PROVIDES SUPPORT SERVICES TO IFAS, ENABLING DA IFA FIRMS TO PROVIDE COMPLIANT AND EFFECTIVE INVESTMENT PORTFOLIO MANAGEMENT FOR THEIR PLATFORM BASED CLIENTS AT A LOWER CHARGE THAN TRADITIONAL DFM PROPOSITIONS AND WITHOUT MINIMUM INVESTMENT SIZE.

 

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

NUMBER OF SHARES: 55,907,513

TYPE OF SHARE: ORDINARY SHARES

NOMINAL VALUE: 20 PENCE

ISSUE PRICE: 156 PENCE

 

THERE ARE NO RESTRICTIONS AS TO TRANSFER OF THE SECURITIES.

NO SHARES ARE TO BE HELD AS TREASURY SHARES

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

CAPITAL TO BE RAISED ON ADMISSION: PRIMARY: £10.0 MILLION; SECONDARY: £41.6 MILLION

ANTICIPATED MARKET CAPITALISATION ON ADMISSION: £87.2 MILLION

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

36.5 PER CENT.

 

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

N/A

 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

DIRECTORS:

PAUL HENRY HOGARTH (CHIEF EXECUTIVE OFFICER)

NOEL JAMES STUBLEY (CHIEF FINANCIAL OFFICER)

LOTHAR ALFRED MENTEL (CHIEF INVESTMENT OFFICER)

 

PROPOSED DIRECTORS:

ROGER COURTENAY CORNICK (NON-EXECUTIVE CHAIRMAN)

CHRISTOPHER (CHRIS) DAVID POIL (NON-EXECUTIVE DIRECTOR)

 

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):


Before Admission

Following Admission


Shares held

%

Shares held

%

PAUL HOGARTH(1)

27,379,517

55.3%

10,484,632

18.8%

PARADIGM TRUST

3,959,780

8.0%

1,979,890

3.5%

ANTHONY MORROW

2,699,372

5.5%

1,349,686

2.4%

ANTHONY (TONY) MURRELL

1,981,126

4.0%

990,563

1.8%

FUNDS AND ACCOUNTS UNDER MANAGEMENT BY DIRECT AND INDIRECT INVESTMENT MANAGEMENT SUBSIDIARIES OF BLACKROCK, INC

-

-

4,487,179

8.0%

ACCOUNTS MANAGED ON A DISCRETIONARY BASIS BY LOMBARD ODIER INVESTMENT MANAGERS GROUP

-

-

4,166,666

7.5%

LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED

-

-

3,205,128

 

5.7%

LIONTRUST INVESTMENT PARTNERS LLP

-

-

3,205,128

5.7%

MITON GROUP PLC

-

-

3,205,128

5.7%

KAMES CAPITAL PLC

-

-

2,500,000

4.5%

SCHRODER INVESTMENT MANAGEMENT LIMITED

-

-

2,307,692

4.1%

CHELVERTON ASSET MANAGEMENT LIMITED

-

-

2,243,589

4.0%

FRANKLIN TEMPLETON FUND MANAGEMENT LIMITED

-

-

1,937,106

3.5%

 

(1)  PAUL HOGARTH AND HIS CONNECTED PERSONS, BEING JUDITH HOGARTH AND HERMITAGE HOLDINGS (WILMSLOW) LIMITED

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

DJL FINANCIAL CONSULTING LIMITED

HOLMEBROOK CAPITAL PARTNERS

 

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i)         31 MARCH

(ii)        31 MARCH 2017

(iii)       31 DECEMBER 2017, 30 SEPTEMBER 2018, 31 DECEMBER 2018

 

EXPECTED ADMISSION DATE:

6 JULY 2017

 

NAME AND ADDRESS OF NOMINATED ADVISER:

ZEUS CAPITAL LIMITED

 

82 KING STREET

MANCHESTER

M2 2YQ

 

41 CONDUIT STREET

LONDON

W1S 2YQ

 

NAME AND ADDRESS OF BROKER:

ZEUS CAPITAL LIMITED

 

82 KING STREET

MANCHESTER

M2 2YQ

 

41 CONDUIT STREET

LONDON

W1S 2YQ

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

THE ADMISSION DOCUMENT WILL CONTAIN THE FULL DETAILS ABOUT TATTON ASSET MANAGEMENT PLC AND THE ADMISSION OF ITS SECURITIES.

THE ADMISSION DOCUMENT WILL BE AVAILABLE ON THE COMPANY'S WEBSITE AT WWW.TATTONASSETMANAGEMENT.COM

 

DATE OF NOTIFICATION:

26 JUNE 2017

 

NEW/ UPDATE:

UPDATE

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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