Last checked at 5 May 2020 17:05
5 May 2020
Premier Miton Group plc
("Premier Miton" or the "Company")
PDMR/Director Dealing
Premier Miton Group plc (AIM: PMI) announces that yesterday, the trustee of the Company's Share Incentive Plan operating through Global Shares Trustees (UK) Limited, a UK registered company, allocated 28,336 ordinary shares of 0.02 pence each ("Ordinary Shares") at an allocation cost of 97.0 pence per Ordinary Share for the Company's Share Incentive Plan ("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.
The Ordinary Shares detailed above have been used to satisfy the following transactions:
- Award of 14,168 Ordinary Shares as "partnership shares" under the Plan at an allocation cost of the closing mid-market price on the day before the allocation.
- Award of 14,168 Ordinary Shares as "matching shares" under the 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.
As part of the transactions referred to above and pursuant to disclosure requirements under the Market Abuse Regulation, certain PDMRs acquired Ordinary Shares as follows:
Director | Partnership shares acquired | Matching shares awarded | Total holding following notification | % of current issued shares |
Piers Harrison |
1,855 |
1,855 |
47,560 |
0.03% |
Mike O'Shea |
1,855 |
1,855 |
2,820,382* |
1.79% |
* 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 PDMR / person closely associated with them ("PCA") | |||||||||||||
a) | Name | Piers Harrison | ||||||||||||
2. | Reason for the notification | |||||||||||||
a) | Position / status | Director | ||||||||||||
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 financial instrument Identification Code | Ordinary Shares of 0.02p each in Premier Miton Group plc
ISIN: GB00BZB2KR63
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b) | Nature of the transaction | PDMR acquired "partnership shares" and was awarded "matching shares" through the Company's share incentive scheme. | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price |
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e) | Date of the transaction | 4 May 2020
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f) | Place of the transaction
| London Stock Exchange
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1. | Details of PDMR / person closely associated with them ("PCA") | |||||||||||||
a) | Name | Mike O'Shea | ||||||||||||
2. | Reason for the notification | |||||||||||||
a) | Position / status | Director | ||||||||||||
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 financial instrument Identification Code | Ordinary Shares of 0.02p each in Premier Miton Group plc
ISIN: GB00BZB2KR63
| ||||||||||||
b) | Nature of the transaction | PDMR acquired "partnership shares" and was awarded "matching shares" through the Company's share incentive scheme. | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information Aggregated volume Price |
| ||||||||||||
e) | Date of the transaction | 4 May 2020
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f) | Place of the transaction
| London Stock Exchange
| ||||||||||||
Enquiries:
Premier Miton Group plc | Tel: 01483 306090 Mike O'Shea
|
Numis Securities Limited (NOMAD and Broker) | Tel: 020 7260 1000 Huw Jeremy / Kevin Cruickshank Charles Farquhar
|
Liberum Capital Limited (Joint Broker) | Tel: 020 3100 2000 Richard Crawley Jamie Richards
|
Smithfield Consultants (Financial PR) | Tel: 020 3047 2544 John Kiely Andrew Wilde |
Note to editors
About Premier Miton
Premier Miton Investors 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 £9.1 billion at 31 March 2020.
LEI Number: 213800LK2M4CLJ4H2V85