Last checked at 9 Mar 2020 17:11
9 March 2020
Premier Miton Group plc
("Premier Miton" or the "Company")
Director / PDMR Dealing
Premier Miton Group plc (AIM: PMI) today announces that it has been notified of the following transactions in the Company's ordinary shares of 0.02p each (the "Shares").
Vesting of Shares
On 7 March 2020 awards over a total of 1,184,476 Shares vested to certain Persons Discharging Managerial Responsibilities ("PDMRs") and other employees (the "Vesting"). On 7 March 2017, the Company (formerly Premier Asset Management Group plc ("Premier")) had announced that nil-cost contingent share rights (the "Retention Awards") had been granted over an aggregate of 1,216,667 Shares in Premier to certain PDMRs and other employees. The Retention Awards had a three year vesting period and were satisfied from Shares held in an Employee Benefit Trust. A Retention Award over 166,666 Shares vested in full to Mike O'Shea, PDMR.
Transfer of Shares
The transfer by Mike O'Shea, PDMR, of 663,313 Shares to a Family Trust account pursuant to an instruction given today.
As a result of the Vesting and Transfer of Shares, Mike O'Shea, Chief Executive Officer, a PDMR of the Company, now holds interests over the following number of Shares in the Company:
PDMR | Shares vested | Shares transferred | Total Interests over Shares | Percentage of Issued Share Capital |
Michael O'Shea | 166,666 | 663,313 | 2,816,672* | 1.78%
|
* including Shares held by his spouse and in their respective SIPPs.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Michael O'Shea - Chief Executive Officer |
2 | Reason for the notification | |
a) | Position/status | Chief Executive Officer - classified as PDMR of the Company |
b) | Initial notification /Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Premier Miton Group plc |
b) | LEI | 213800LK2M4CLJ4H2V85 |
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 instrument Identification code | Ordinary shares of 0.02p each in Premier Miton Group plc. ISIN: GB00BZB2KR63 |
b) | Nature of the transaction | Vesting of Ordinary Shares in Premier Miton Group plc |
c) | Price(s) and volume(s)
| Price- nil Volume: 166,666
|
d)
| Aggregated information
| n/a |
e) | Date of the transaction | 7th March 2020 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Michael O'Shea - Chief Executive Officer |
2 | Reason for the notification | |
a) | Position/status | Chief Executive Officer - classified as PDMR of the Company |
b) | Initial notification /Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Premier Miton Group plc |
b) | LEI | 213800LK2M4CLJ4H2V85 |
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 instrument Identification code | Ordinary shares of 0.02p each in Premier Miton Group plc. ISIN: GB00BZB2KR63 |
b) | Nature of the transaction | Vesting of Ordinary Shares in Premier Miton Group plc |
c) | Price(s) and volume(s)
| Price- nil Volume: 663,313
|
d)
| Aggregated information
| n/a |
e) | Date of the transaction | 9th March 2020 |
f) | Place of the transaction | Outside a trading venue |
For further information, please contact:
Premier Miton Group plc Mike O'Shea, Chief Executive Officer
|
01483 306 090
|
Numis Securities Limited (NOMAD and Broker) Charles Farquhar / Kevin Cruickshank / Huw Jeremy
|
020 7260 1000
|
Liberum Capital Limited (Joint Broker) Richard Crawley / Jamie Richards
|
020 3100 2000 |
Smithfield Consultants (Financial PR) John Kiely / Andrew Wilde
|
020 3047 2544
|
Notes to editors:
Premier Miton is focused on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity, absolute return and fixed income. The Company had assets under management of £11.6 billion as at 31 December 2019.
Notification and public disclosure of transactions by persons discharging managerial