PAM.L Regulatory News (PAM)

10 Apr 2006 08:00

Premier Asset Management PLC10 April 2006 Premier Asset Management Plc Completion of Acquisition and Trading update Premier Asset Management Plc announces that it has completed the acquisition ofthe Framlington Absolute Growth Fund and that this £50 million fund will beavailable to investors as the Premier Absolute Growth Fund with effect fromtoday. The Directors are pleased to report that in the six months ended 31st March2006, net sales across the group exceeded £110 million. This compares to afigure of £43 million for the same period last year and the directors areencouraged with this continued organic growth within the business. As at 31stMarch 2006, funds under management were £1.33 billion, up by 92% since 30thSeptember 2005 and by 7.3% since 31st December 2005. The company expects to announce its interim results for the half year ended 31stMarch 2006 on the 15th May 2006. Enquiries: Mike O'SheaChief ExecutivePremier Asset Management PLCTel: 01483 306 090 This information is provided by RNS The company news service from the London Stock Exchange