30 Sep 2016 15:59
30 September 2016
Miton Group plc
Director dealings
Miton Group plc (AIM:MGR.LN) announces that today the trustee of the Company's Share Incentive Plan operating through Miton ESOP Trustee Ltd, a UK registered company, purchased 20,632 ordinary shares of 0.1 pence each ("Shares") at an allocation cost of 30.5p pence per Share as "partnership shares" under the Company's Share Incentive 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.
In connection with and on the same date as the above purchase all participants in the scheme were awarded Shares as "matching shares" under the Company's Share Incentive 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.
PDMR transaction disclosures required under the Market Abuse Regulation are as summarised below:
PDMR | Partnership shares acquired | Matching shares awarded | Total holding following notification | % of current issued shares |
Gervais Williams |
491 |
491 |
9,111,978 |
5.21% |
Ian Chimes |
492 |
492 |
1,927,523 |
1.10% |
ENDS
For further information, please contact:
Miton Group plc
Roger Bennett (Company Secretary) 020 3714 1500
Peel Hunt (Nominated adviser and Broker)
Guy Wiehahn 020 7418 8893
www.mitongroup.com