Premier Miton Regulatory News (PMI)

10 October 2017

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 2017.

Highlights

· Total AUM increased to £6.1 billion as at 30 September 2017

· Total net inflows over the year ended 30 September 2017 of £747m

· Total net inflows over the quarter ended 30 September 2017 of £205m

· Figures represent eighteenth successive quarter of positive net inflows

· Over a three and five-year period to 30 September 2017, 96% and 97% respectively of Premier's retail fund AUM were above median, with 70% and 92% of Premier's retail fund AUM achieving first quartile performance in their respective IA sectors over the same time periods.*

· The Company expects to announce its final audited results for the year ended 30 September 2017 in early December 2017.

*Performance figures represent 83% of Premier's total AUM as at 30 September 2017 and exclude absolute return funds, investment trusts and segregated mandates. Median and quartile ranking figures are shown relative to respective Investment Association sectors. Source: FE Analytics, data to 30 September 2017, C share class or equivalent, income reinvested. Data shown net of all fund charges.

Mike O'Shea, Chief Executive Officer, commented:

"This has been another very successful year for Premier Asset Management, including strong net inflows of £747m and assets under management reaching a record high of £6.1 billion.

This strong performance has been achieved despite a considerable amount of economic uncertainty during the year. Our success has been built on achieving good long term investment outcomes for our clients, after fees, across our range of relevant investment products. We remain convinced that over the long term, active management represents the best way of achieving our clients' investment objectives.

The economic and business challenges relating to the UK's departure from the EU are no clearer than they were several months ago and this uncertainty looks set to persist for some time yet. However, we believe that our investment talent, product range, investment performance track record and distribution capabilities mean that we are well positioned 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 1.25p per share were paid on 3 March 2017, 2 June 2017 and 1 September 2017.

The Company's final quarterly dividend amount for the three months ended 30 September 2017 is expected to be announced on 30 November 2017 with an ex-dividend date of 7 December 2017 and a payment date of 5 January 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 £6.1 billion of assets under management as at 30 September 2017