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PAM Premier Asset Management Group Plc

183.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Premier Asset Management Group Plc LSE:PAM London Ordinary Share GB00BZB2KR63 ORD 0.02P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 183.50 180.00 187.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Premier Asset Management Group PLC Capital Reduction Process Becomes Effective (3663M)

28/07/2017 7:00am

UK Regulatory


Premier Asset Management (LSE:PAM)
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From Apr 2019 to Apr 2024

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TIDMPAM

RNS Number : 3663M

Premier Asset Management Group PLC

28 July 2017

28 July 2017

Premier Asset Management Group PLC

Capital Reduction Process Becomes Effective

Premier Asset Management Group PLC (AIM: PAM) ("Premier" or the "Company") announced details of a capital reduction process on 7 June 2017 (the "Capital Reduction"). Details of the Capital Reduction were set out in a circular sent to shareholders on 7 June 2017, and the proposals were approved at a General Meeting held on 27 June 2017.

At a hearing in the High Court of Justice Chancery Division on 26 July 2017, an order was given to confirm the cancellation of the Company's share premium account.

The order was produced to the Registrar of Companies and was registered on 27 July 2017 making the Capital Reduction process effective.

The Company confirms that following the Capital Reduction, the number of issued shares and their nominal value remains unchanged and the Company expects that its distributable reserves will be in excess of some GBP50 million. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of ordinary shares of 0.02 pence each of the Company in issue is 105,801,310.

Enquiries:

 
 Premier Asset Management      Tel: 01483 306090 
  Group PLC                          Mike O'Shea 
 Stifel Nicolaus Europe Ltd   Tel: 020 7710 7600 
  trading as KBW                     Gareth Hunt 
  (Nomad and Joint Broker)       Stewart Wallace 
 Numis Securities Limited     Tel: 020 7260 1000 
  (Joint Broker)                 Andrew Holloway 
                                Charles Farquhar 
 Smithfield Consultants       Tel: 020 3047 2533 
  (Financial PR)                      John Kiely 
                                    Andrew Wilde 
 

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 GBP5.8 billion of assets under management as at 30 June 2017.

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

July 28, 2017 02:00 ET (06:00 GMT)

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