Premier Miton Regulatory News (PMI)

9 October 2018

Premier Asset Management Group PLC

("Premier" or the "Company")

Trading update

Premier Asset Management Group PLC (AIM: PAM) today announces a trading update for the Company's fourth quarter ended 30 September 2018.

Highlights

· Assets under management (AUM) were £6.9 billion as at 30 September 2018 (30 September 2017: £6.1 billion)

· Total net inflows for the quarter of £120 million (3 months to 30 September 2017: £205 million)

· Twenty second successive quarter of positive net inflows

· Total net inflows of £734 million for the twelve months to 30 September 2018 (twelve months to 30 September 2017: £747 million)

· Continued strong long term investment performance net of all fund charges*:

o Over five years to 30 September 2018: 83% of AUM were above median

· The Company expects to announce its final audited results for the year ended 30 September 2018 on 29 November 2018.

* Performance figures represent 82% of Premier's total AUM as at 30 September 2018 and exclude absolute return funds, investment trusts and segregated mandates. Figures are shown relative to respective Investment Association sectors. Source: FE Analytics, data to 30 September 2018. Net income reinvested. Data shown net of all fund charges. C share class, or, where a C share class was not available for the full time period, the pre RDR bundled or equivalent retail share class has been used for the period the C share class was not available.

Mike O'Shea, Chief Executive Officer, commented:

"Premier Asset Management has continued to deliver strong results with our client focused and investment-led approach. Net inflows were £734 million for the year and we have now recorded twenty-two successive quarters of positive net inflows. Assets under management increased year-on-year by 13% to reach a record high of £6.9 billion.

Our focus continues to be on providing relevant investment products to our clients, including our market leading multi-asset fund range, backed by active investment management and good long term investment outcomes, after all fund fees.

Our strong business performance has been achieved despite ongoing economic and political uncertainty. Notwithstanding these challenging business conditions, we believe the combination of our relevant investment products, long term performance track record and distribution capabilities means we are well placed for the future."

Quarterly AUM reconciliation

 Dividend policy

The Company has adopted a quarterly dividend policy, expecting to pay three smaller, interim dividends, representing approximately half of the estimated total dividend for the full financial year, followed by a larger, final interim dividend. The Company's first three interim dividends of 1.65p per share were paid in March 2018, June 2018 and September 2018.

The Company's final quarterly dividend amount for the three months ended 30 September 2018 is expected to be announced on 29 November 2018.

Enquiries:

Note to editors 

About Premier

Premier is a fast-growing UK retail asset management group with a focus on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity and absolute return funds. Premier had £6.9 billion of assets under management as at 30 September 2018.

LEI Number: 213800LK2M4CLJ4H2V85