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Premier Asset Management Gets UK regulatory Approval For Miton Merger

Thu, 24th Oct 2019 18:17

(Alliance News) - Premier Asset Management Group PLC on Thursday said the UK Financial Conduct Authority has approved its merger with peer Miton Group PLC.

This transaction, which would create a business with assets of over GBP11 billion, was first announced in mid-September.

The merger remains subject to final approval at a Court hearing scheduled for November 13, the company said. The merger effective date is expected to be November 14.

Premier Asset Management shares closed 1.0% higher in London on Thursday at 178.84 pence each, while Miton shares ended the day up 2.2% at 56.00p each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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9 Jul 2018 09:16

Miton Group AuM Rises On Increased Net Fund Inflows

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18 Jun 2018 17:48

Miton Group Raises Stake In Block Energy To 9.2% After Transaction (ALLISS)

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10 May 2018 15:28

Miton Group Acquires 16% Stake In Law Firm Rosenblatt (ALLISS)

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27 Apr 2018 16:47

Miton Group More Than Triples Stake In Corero Network Security (ALLISS)

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4 Apr 2018 07:50

Australia shares gain for first day in 4; NZ also up

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19 Mar 2018 14:27

Miton Halves Its Shareholding In Macfarlane To 4.9% From 10.0% (ALLISS)

LONDON (Alliance News) - Packaging products and service company Macfarlane Group PLC said on Monday Miton Group PLC halved its shareholding to 4.9% from 10.0%.The asset

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19 Mar 2018 10:34

WINNERS & LOSERS SUMMARY: Micro Focus Halves As It Warns, Switches CEO

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19 Mar 2018 09:41

Asset Manager Miton Reports Rise In Annual Assets And Profit

LONDON (Alliance News) - Small cap asset manager Miton Group PLC on Monday reported a double digit increase in annual profit, and said that it has made a strong start to of up

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4 Nov 2016 14:32

Ian Chimes steps down from Miton Group

(ShareCast News) - Fund management company Miton Group announced on Friday that its sales and marketing director Ian Chimes has resigned from the group and will step down from the board immediately. The AIM-traded firm said it has already begun a search for an experienced, senior individual whose ro

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4 Nov 2016 08:41

Miton Sales Director Resigns, Chairman To Take Non-Executive Role

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22 Jul 2016 08:42

Miton Group Says 2016 To Be In Line As Assets Under Management Fall

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21 Mar 2016 11:07

Miton Swings To Profit In 2015 On Lack Of One-Offs But Revenue Lower

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Earnings, Trading Statements Calendar - Week Ahead

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AIM-listed Asset Managers Polar And Miton See Positive End To 2015

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10 Dec 2015 18:41

Norish Says Miton Group Lifted Shareholding In Fundraising (ALLISS)

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