Move to AIM Update

24 Mar 2005 10:58

Premier Asset Management PLC24 March 2005 PREMIER ASSET MANAGEMENT PLC Premier Asset Management PLC (the "Company") announces that it has todaypublished the 20 day announcement required pursuant to AIM Rule 2 in connectionwith its intention to move its share listing from the Official List to theAlternative Investment Market (AIM) of the London Stock Exchange. The board believes that the greater flexibility afforded by AIM makes it a moreappropriate market for the Company given its size and shareholder base. Thetransfer to AIM will also allow the Company to pursue its growth objectives in acost effective manner and will simplify the ongoing administration and reportingrequirements of the Company. The Company will continue to be subject to theregulatory and disciplinary controls of the London Stock Exchange. It is expected that dealing in the Company's ordinary shares of 10p each willcease on the Official List at 8.00 am on 26 April 2005 and will commence on AIMat the same time on that date. The Company has appointed Collins Stewart Limited as its Nominated Adviser andAIM Broker. Enquiries: Neil Macpherson, Group Finance Director Tel: 01483 400420 This information is provided by RNS The company news service from the London Stock Exchange