LONDON - Tatton Asset Management PLC (AIM: TAM), an investment management and IFA support services group, has announced the issuance of 10,000 ordinary shares to fulfill the exercise of options by certain employees under the company's 2021 Save As You Earn (SAYE) employee share scheme. The transaction includes the exercise and subsequent sale of 5,000 ordinary shares by the company's Chief Financial Officer, Paul Edwards.
Following the exercise of options, Paul Edwards retains a beneficial interest in 511,628 shares, which represents about 0.85% of Tatton Asset Management's issued share capital. The newly issued shares were made available through a block listing that was previously announced on August 23, 2024.
With the completion of this transaction, the company's issued share capital stands at 60,548,880 ordinary shares. Tatton Asset Management has confirmed that it does not hold any ordinary shares in treasury. Consequently, the total number of voting rights in the company is now 60,548,880. Shareholders are advised to use this figure as the denominator for the calculations needed to determine whether they are obliged to disclose their interest in, or a change to their interest in, the company in accordance with the Financial Conduct Authority's (FCA) Disclosure Guidance and Transparency Rules.
This financial activity is part of the company's ongoing employee incentive programs, which aim to align the interests of the employees with those of the shareholders. Employee share schemes like SAYE are commonly used by companies to retain talent and incentivize long-term commitment.
The information for this report is based on a recent press release statement from Tatton Asset Management PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.