Premier Asset Management Group PLC Grant of retention awards to PDMRs (7499C)
19 Junio 2019 - 03:20AM
UK Regulatory
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
DSHVKLBFKQFFBBV
(END) Dow Jones Newswires
June 19, 2019 04:20 ET (08:20 GMT)
Premier Asset Management (LSE:PAM)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Premier Asset Management (LSE:PAM)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024