29 May 2019 17:13
29 May 2019
Miton Group plc
MANAGEMENT EQUITY INCENTIVE SCHEME AWARD
Miton Group plc (the "Company") announces that on 29 May 2019 it granted an award over 350,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") to Piers Harrison, a person discharging managerial responsibilities ("PDMR"), in accordance with the terms of the Company's Management Equity Incentive scheme ("MEI").
The MEI award, which has an exercise price of 63.0 pence per Ordinary Share, is exercisable from the date of the announcement of the Full Year Results for the year ending 31 December 2021 until 40 days after the announcement of the Full Year Results for the year ending 31 December 2026. The award is subject to a two-year holding obligation from the date it becomes exercisable.
The Ordinary Shares required to satisfy the exercise of the above award will come from existing issued Ordinary Shares held in an Employment Benefit Trust.
LEI number: 2138004UNDYXLICL8H10
For further information, please contact:
Miton Group plc David Barron (CEO) / Catriona Fletcher (Company Secretary)
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020 3714 1500 |
Liberum (Nominated Adviser and Joint Broker) Neil Patel / Cameron Duncan
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020 3100 2000 |
N+1 Singer (Joint Broker) Tom Salvesen
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020 7496 3000 |
www.mitongroup.com
1. | Details of PDMR / person closely associated with them ('PCA') | |
a) | Name | Piers Harrison |
2. | Reason for the notification | |
a) | Position / status | Director / PDMR |
b) | Initial notification / amendment | Initial notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Miton Group plc |
b) | LEI+ | 2138004UNDYXLICL8H10 |
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 financial instrument, type of financial instrument Identification Code | Ordinary Shares of 0.1p each in Miton Group plc
GB00B01WR582 |
b) | Nature of the transaction | Grant of share award |
c) | Price(s) and volume(s) | Exercise price: 63.0 pence per share
Volume: 350,000
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d) | Aggregated information Aggregated volume Price |
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e) | Date of the transaction | 29 May 2019 |
f) | Place of the transaction
| Off market transaction
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