8 Apr 2014 07:00
Miton Group plc ("the Company")
ADDITIONAL LISTING AND TOTAL VOTING RIGHTS
Miton Group plc ('MGR'), the AIM quoted fund management company, announces that as a result of the exercise of options pursuant to the terms of the Company's Management Incentive Plan, the Company has allotted 1,305,000 ordinary 0.1p shares ("Shares") in the Company.
The strike price on the exercises of the options was as follows:
55,000 at 0.1p per Share
250,000 at 10p per Share
1,000,000 at 25p per share
Included within the allotment are 1,000,000 Shares that have been allotted to Martin Gray, a director, at a subscription price of 25p per Share. Mr Gray intends to sell sufficient shares to pay the subscription price and the tax and national insurance contribution arising on the exercise of the options.
The new Shares will rank pari passu with the Company's existing issued Shares.
Upon Admission, which is expected on 11 April 2014, the Company's enlarged issued share capital will comprise 165,395,850 Shares with voting rights. Of these 175,864 are held in Treasury.
The total voting rights of the Company are 165,219,986 Shares and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Miton Group plc
Ian Dighé / Roger Bennett
Tel: 0118 338 4000
Peel Hunt LLP (Nominated Adviser and Broker)
Guy Wiehahn / Harry Florry
Tel: 020 7418 8900
Web: www.mitongroup.com