Miton Group Plc Director/PDMR Shareholding (3752A)

TIDMMGR

RNS Number : 3752A

Miton Group Plc

23 March 2017

23 March 2017

Miton Group plc

Director dealings

Miton Group plc (AIM:MGR.LN) announces that yesterday the trustee of the Company's Share Incentive Plan operating through Miton ESOP Trustee Ltd, a UK registered company, allocated 13,616 ordinary shares of 0.1 pence each ("Shares") at an allocation cost of 40.75p pence per Share as "partnership shares" under the Company's Share Incentive Plan ("Plan"). The shares were held in the Trust following the resignation of individuals who forfeited their right to shares under the rules of the Plan. The allocation cost is calculated on the basis of the closing mid-market price on the day before the allocation.

In connection with and on the same date as the above purchase all participants in the scheme were awarded Shares as "matching shares" under the Company's Share Incentive 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.

PDMR transaction disclosures required under the Market Abuse Regulation are as summarised below:

 
 PDMR         Partnership   Matching       Total       % of current 
                 shares      shares       holding         issued 
                acquired     awarded     following        shares 
                                        notification 
-----------  ------------  ---------  --------------  ------------- 
 Gervais 
  Williams         368         368       11,760,042        6.88% 
-----------  ------------  ---------  --------------  ------------- 
 

ENDS

For further information, please contact:

Miton Group plc

   Roger Bennett (Company Secretary)                         020 3714 1500 

Peel Hunt (Nominated adviser and Broker)

   Guy Wiehahn                                                              020 7418 8893 

www.mitongroup.com

 
 1.   Details of PDMR / person closely associated 
       with them ('PCA') 
---  ----------------------------------------------------------------- 
 a)   Name                     Gervais Williams 
---  -----------------------  ---------------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------------- 
 a)   Position / status        Director 
---  -----------------------  ---------------------------------------- 
 b)   Initial notification     Initial notification 
       / amendment 
---  -----------------------  ---------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------- 
 a)   Name                     Miton Group plc 
---  -----------------------  ---------------------------------------- 
 b)   LEI 
---  -----------------------  ---------------------------------------- 
 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              Ordinary Shares of 0.1p each 
       of the financial         in Miton Group plc 
       instrument, 
       type of financial        GB00B01WR582 
       instrument 
       Identification 
       Code 
---  -----------------------  ---------------------------------------- 
 b)   Nature of the            Shares acquired "partnership 
       transaction              shares" and matching shares 
                                awarded "matching shares" 
                                through Company's share incentive 
                                scheme. 
---  -----------------------  ---------------------------------------- 
 c)   Price(s) and                             Price(s)     Volume(s) 
       volume(s)                -------------  -----------  ---------- 
                                 Partnership 
                                  shares        40.75p       368 
                                -------------  -----------  ---------- 
                                 Matching       0p (nil) 
                                  shares         per share   368 
                                -------------  -----------  ---------- 
---  -----------------------  ---------------------------------------- 
 d)   Aggregated information                   Price(s)     Volume(s) 
       Aggregated volume        -------------  -----------  ---------- 
       Price                     Partnership 
                                  shares        40.75p       368 
                                -------------  -----------  ---------- 
                                 Matching       0p (nil) 
                                  shares         per share   368 
                                -------------  -----------  ---------- 
---  -----------------------  ---------------------------------------- 
 e)   Date of the              2017-Mar-22 (UTC+1) 
       transaction 
---  -----------------------  ---------------------------------------- 
 f)   Place of the             N/A 
       transaction 
---  -----------------------  ---------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 23, 2017 10:51 ET (14:51 GMT)