TIDMPMI

RNS Number : 0229M

Premier Miton Group PLC

05 May 2020

5 May 2020

Premier Miton Group plc

("Premier Miton" or the "Company")

PDMR/Director Dealing

Premier Miton Group plc (AIM: PMI) announces that yesterday, the trustee of the Company's Share Incentive Plan operating through Global Shares Trustees (UK) Limited, a UK registered company, allocated 28,336 ordinary shares of 0.02 pence each ("Ordinary Shares") at an allocation cost of 97.0 pence per Ordinary Share for the Company's Share Incentive Plan ("Plan"). The purchases were made in the open market. The allocation cost is calculated on the basis of the closing mid-market price on the day before the acquisition.

The Ordinary Shares detailed above have been used to satisfy the following transactions:

- Award of 14,168 Ordinary Shares as "partnership shares" under the Plan at an allocation cost of the closing mid-market price on the day before the allocation.

- Award of 14,168 Ordinary Shares as "matching shares" under the Plan. No consideration was paid by the grantees for the award of the matching shares and no consideration is due on the release of the matching shares.

The risk of forfeiture attached to the matching shares will normally be removed on the third anniversary of allocation subject to continued employment and the retention of the partnership shares in connection with which they were awarded.

As part of the transactions referred to above and pursuant to disclosure requirements under the Market Abuse Regulation, certain PDMRs acquired Ordinary Shares as follows:

 
     Director          Partnership      Matching        Total holding         % of current 
                      shares acquired    shares     following notification    issued shares 
                                         awarded 
 
   Piers Harrison          1,855          1,855             47,560                0.03% 
                    -----------------  ---------  ------------------------  --------------- 
 
   Mike O'Shea             1,855          1,855           2,820,382*              1.79% 
                    -----------------  ---------  ------------------------  --------------- 
 

* including Shares held by his spouse and in their respective SIPPs

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

 
 1.   Details of PDMR / person closely associated with them 
       ("PCA") 
 a)   Name                        Piers Harrison 
     --------------------------  ---------------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position / status           Director 
     --------------------------  ---------------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                        Premier Miton 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,       Miton Group plc 
       type of financial 
       instrument                  ISIN: GB00BZB2KR63 
       Identification Code 
     --------------------------  ---------------------------------------------- 
 b)   Nature of the transaction   PDMR acquired "partnership shares" 
                                   and was awarded "matching shares" 
                                   through the Company's share incentive 
                                   scheme. 
     --------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)                          Price(s)       Volume(s) 
                                    Partnership 
                                     shares            97.0p          1,855 
                                                      -------------  ---------- 
                                                       0p (nil) per 
                                    Matching shares     share         1,855 
                                                      -------------  ---------- 
     --------------------------  ---------------------------------------------- 
 d)   Aggregated information                          Price(s)       Volume(s) 
       Aggregated volume            Partnership 
       Price                         shares            97.0p          1,855 
                                                      -------------  ---------- 
                                                       0p (nil) per 
                                    Matching shares     share         1,855 
                                                      -------------  ---------- 
     --------------------------  ---------------------------------------------- 
 e)   Date of the transaction     4 May 2020 
     --------------------------  ---------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ---------------------------------------------- 
 
 
 1.   Details of PDMR / person closely associated with them 
       ("PCA") 
 a)   Name                        Mike O'Shea 
     --------------------------  ---------------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position / status           Director 
     --------------------------  ---------------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                        Premier Miton 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,       Miton Group plc 
       type of financial 
       instrument                  ISIN: GB00BZB2KR63 
       Identification Code 
     --------------------------  ---------------------------------------------- 
 b)   Nature of the transaction   PDMR acquired "partnership shares" 
                                   and was awarded "matching shares" 
                                   through the Company's share incentive 
                                   scheme. 
     --------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)                          Price(s)       Volume(s) 
                                    Partnership 
                                     shares            97.0p          1,855 
                                                      -------------  ---------- 
                                                       0p (nil) per 
                                    Matching shares     share         1,855 
                                                      -------------  ---------- 
     --------------------------  ---------------------------------------------- 
 d)   Aggregated information                          Price(s)       Volume(s) 
       Aggregated volume            Partnership 
       Price                         shares            97.0p          1,855 
                                                      -------------  ---------- 
                                                       0p (nil) per 
                                    Matching shares     share         1,855 
                                                      -------------  ---------- 
     --------------------------  ---------------------------------------------- 
 e)   Date of the transaction     4 May 2020 
     --------------------------  ---------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ---------------------------------------------- 
 

Enquiries:

 
  Premier Miton Group plc     Tel: 01483 306090 
                               Mike O'Shea 
  Numis Securities Limited    Tel: 020 7260 1000 
   (NOMAD and Broker)          Huw Jeremy / 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 Miton

Premier Miton Investors is focused on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity, absolute return and fixed income. The Company had assets under management of GBP9.1 billion at 31 March 2020.

LEI Number: 213800LK2M4CLJ4H2V85

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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