TIDMPAM

RNS Number : 7499C

Premier Asset Management Group PLC

19 June 2019

19 June 2019

Premier Asset Management Group PLC

("Premier" or the "Company")

Grant of retention awards to PDMRs

Premier Asset Management Group PLC (AIM: PAM) today announces that it has awarded grants, subject to certain retention arrangements, of nil-cost contingent share rights (the "Awards") over ordinary shares of 0.02p each in Premier ("Shares") as detailed below.

Grant of Awards

In order to ensure that appropriate retention arrangements are in place for its senior management team, the Company has elected to make certain awards out of a proportion of the existing shares contained within the Company's Employee Benefit Trust. The Employee Benefit Trust currently holds 4,642,830 ordinary shares in the Company, representing 4.388% of the issued ordinary share capital. The Company has a separate LTIP scheme to grant share awards to certain employees and directors of the Company, though to date this has not been used.

On 23 April 2019, Premier granted Awards over 390,000 Shares held within the Employee Benefit Trust to certain Persons Discharging Managerial Responsibilities ("PDMRs"), the details of which are set out below.

Vesting of the Awards is subject to continued employment and malus and clawback provisions. These Awards will vest on the third anniversary of the date of grant, although they may vest earlier if there is a change of control event or, in certain circumstances, if a participant becomes a good leaver. The breakdown of the awards made to PDMRs is as follows:

 
 Executive Director   Awards 
 Michael O'Shea       275,000 
                      ------- 
 Neil Macpherson      115,000 
                      ------- 
 Total                390,000 
                      ------- 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Enquiries:

 
  Premier Asset Management Group    Tel: 01483 306090 
   PLC                               Mike O'Shea 
  Numis Securities Limited          Tel: 020 7260 1000 
   (NOMAD and Broker)                Kevin Cruickshank 
                                     Charles Farquhar 
  Liberum Capital Limited           Tel: 020 3100 2000 
   (Joint Broker)                    Richard Crawley 
                                     Jamie Richards 
  Smithfield Consultants            Tel: 020 3047 2544 
   (Financial PR)                    John Kiely 
                                     Andrew Wilde 
 

Note to editors

About Premier

Premier is a UK retail asset management group with a focus on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity and absolute return funds. Premier had GBP7.0 billion of assets under management as at 30 April 2019.

LEI Number: 213800LK2M4CLJ4H2V85

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

Disclosure in relation to award of ordinary shares

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Michael O'Shea - Chief Executive Officer 
     --------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status             Chief Executive Officer - classified 
                                   as PDMR of Premier Asset Management Group 
                                   PLC 
     --------------------------  -------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                        Premier Asset Management Group PLC 
     --------------------------  -------------------------------------------- 
 b)   LEI                         213800LK2M4CLJ4H2V85 
     --------------------------  -------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------------ 
 a)   Description of the          Ordinary shares of 0.02p each in Premier 
       financial instrument,       Asset Management Group PLC. 
       type of instrument          ISIN: GB00BZB2KR63 
       Identification code 
     --------------------------  -------------------------------------------- 
 b)   Nature of the transaction   Award of Ordinary Shares in Premier Asset 
                                   Management Group PLC, subject to a vesting 
                                   period 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)      Price- nil 
                                   Volume: 275,000 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information      n/a 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     23(rd) April 2019 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  -------------------------------------------- 
 

Disclosure in relation to award of ordinary shares

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Neil Macpherson - Group Finance Director 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             Group Finance Director - classified 
                                   as PDMR of Premier Asset Management 
                                   Group PLC 
     --------------------------  ----------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                        Premier Asset Management Group PLC 
     --------------------------  ----------------------------------------- 
 b)   LEI                         213800LK2M4CLJ4H2V85 
     --------------------------  ----------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the          Ordinary shares of 0.02p each in Premier 
       financial instrument,       Asset Management Group PLC. 
       type of instrument          ISIN: GB00BZB2KR63 
       Identification code 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Award of Ordinary Shares in Premier 
                                   Asset Management Group PLC, subject 
                                   to a vesting period 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)      Price- nil 
                                   Volume: 115,000 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information      n/a 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     23(rd) April 2019 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ----------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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