Director / PDMR Dealing
Released : 09/03/2020
RNS Number : 5047F
Premier Miton Group PLC
09 March 2020
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 | Percentage of Issued |
Shares | 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 | Initial notification |
/Amendment | ||
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 | Ordinary shares of 0.02p each in Premier Miton Group plc. |
financial | ||
instrument, type of | ISIN: GB00BZB2KR63 | |
instrument | ||
Identification code | ||
b) | Nature of the | Vesting of Ordinary Shares in Premier Miton Group plc |
transaction | ||
c) | Price(s) and | Price‐ nil |
volume(s) | Volume: 166,666 | |
d) | Aggregated | n/a |
information | ||
e ) | Date of the | 7t h March 2020 |
transaction | ||
f ) | Place of the | Outside a trading venue |
transaction | ||
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 | Initial notification |
/Amendment | ||
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 | Ordinary shares of 0.02p each in Premier Miton Group plc. |
financial | ||
instrument, type of | ISIN: GB00BZB2KR63 | |
instrument | ||
Identification code | ||
b) | Nature of the | Vesting of Ordinary Shares in Premier Miton Group plc |
transaction | ||
c) | Price(s) and | Price‐ nil |
volume(s) | Volume: 663,313 | |
d) | Aggregated | n/a |
information | ||
e ) | Date of the | 9t h March 2020 |
transaction | ||
f ) | Place of the | Outside a trading venue |
transaction |
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
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END
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Premier Miton Group plc published this content on 09 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2020 18:37:03 UTC