30 Sep 2016 13:15
Miton Group plc ("the Company")
EXCHANGE OF SHARES UNDER THE GROWTH SHARE PLAN, ADDITIONAL LISTING AND TOTAL VOTING RIGHTS
Exchange of shares under Growth Share Plan
Miton Group plc (AIM: MGR.LN), the AIM quoted fund management company, announces that an employee has elected to exercise his right to exchange 60 FMU B Growth Shares in Miton Group Service Company Ltd ("Growth Shares") for ordinary shares ("Shares") in the Company. The Growth Shares vested on the date of the publication of the half year report of the Company, being 22 September 2016. The terms governing the exchange of the Growth Shares into shares in the Company are detailed within the circular dated 22 October 2013.
As a result of the request to exchange shares, the Company has allotted 3,964,140 Shares at a price of 28.75p per share. Under the terms of the scheme the shares are to be held by the individual for a period of 12 months from the date of the issue of the shares although this period may be reduced at the discretion of the Board.
The new Shares will rank pari passu with the Company's existing issued Shares.
Additional Listing
Application will be made for the 3,964,140 Shares to be admitted to trading on the AIM Market ("Admission"). Admission, is expected on 6 October 2016, and following Admission the Company's enlarged issued share capital will comprise 174,885,414 Shares. Of these 40,969 are held in Treasury.
Total Voting Rights
The total voting rights of the Company are 174,844,445 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
Roger Bennett
Tel: 020 3714 1500
Peel Hunt LLP (Nominated Adviser and Broker)
Guy Wiehahn / Rishi Shah
Tel: 020 7418 8900
Web: www.mitongroup.com