REG - Tatton Asset Mgt PLC - Notice of AGM

Tatton Asset ManagementAnnouncement

01/07/2024 07:00

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RNS Number : 4173U  Tatton Asset Management PLC  01 July 2024

 

1 July 2024

 

Tatton Asset Management PLC

("TAM" plc or the "Company")

 

Notice of AGM

 

Tatton Asset Management plc (AIM: TAM), the investment management and IFA
support services group, announces that its Annual General Meeting ("AGM") will
be held on Tuesday, 30 July 2024 at 11:00am at the offices of DWF Law LLP of 1
Scott Place, 2 Hardman Street, Manchester, M3 3AA.

 

Special Resolutions 17 and 18 in the Notice of AGM - Historic Dividends

 

During the recent Audit the Board became aware of technical compliance issues
with the Companies Act 2006 in respect of the payment of a number of historic
dividends paid by the Company. The issues relate to four Interim Dividends,
those paid from 18 December 2020 to 8 December 2023 inclusive, and one Final
Dividend paid on 28 July 2021.  While the Company did have sufficient
distributable reserves in the case of all the dividend payments, the Interim
Dividends were paid before the interim accounts had been filed with Companies
House. In the case of the Final Dividend, the distributable reserves
calculation had been completed across the Group rather than the Company and
there had been insufficient distributable profits transferred to the Company
when the payment was made. Both issues were rectified as soon as they were
identified.

 

Accordingly, in addition to the routine business proposed at the AGM, the
Notice of AGM contains two special resolutions 17 and 18 which the Board is
recommending shareholders approve in order to put the past and present
shareholders who received the Dividends and the Directors of the Company, as
far as possible, into the position in which they were always intended to be.

 

Full background details to these resolutions are set out in the Notice of the
AGM.

 

Copies of the Annual Report the Notice of AGM have been distributed to
shareholders and can be viewed on the Company's website at:

https://www.tattonassetmanagement.com/financial-reports
(https://www.tattonassetmanagement.com/financial-reports)

 

The Board of Directors continues to encourage shareholders, where possible, to
exercise their votes by appointing the Chairman of the meeting as proxy and to
give instructions on how they wish the Chairman to vote on the proposed
resolutions. This will ensure that votes will be counted if ultimately they
(or any other proxy appointed) are not able, or do not wish, to attend the AGM
in person.

 

The Board recognises the importance of the AGM to shareholders and is
proposing to allow shareholders the opportunity to raise any issues or
concerns arising from the business proposed to be conducted at the meeting.
Appropriate questions on the business of the meeting should be emailed to
enquiries@tattonassetmanagement.com before 6.00pm on 29 July 2024 and
responses will be posted on the Company's website,
www.tattonassetmanagement.com (http://www.tattonassetmanagement.com) , on the
morning of the AGM.

 

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 - Nomad and Broker                                      +44 (0) 20 3829 5000

 Martin Green/Dan Bate (Investment Banking)

 Singer Capital Markets - Joint Broker

 Peter Steel / Charles Leigh-Pemberton (Investment Banking)   +44 (0) 20 7496 3000

 Belvedere Communications - Financial PR

 John West / Llew Angus (media)                               +44 (0) 7407 023147

 Cat Valentine / Keeley Clarke (investors)                    +44 (0) 7715 769078

                                                              tattonpr@belvederepr.com (mailto:tattonpr@belvederepr.com)

 

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