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| 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 |
From Apr 2019 to Apr 2024
TIDMPAM
RNS Number : 7928Y
Premier Asset Management Group PLC
07 March 2017
Premier Asset Management Group PLC
7 March, 2017
Premier Asset Management Group PLC
("Premier" or the "Company")
Grant of retention awards to PDMRs and other employees
Premier Asset Management Group PLC (AIM: PAM) today announces that it has awarded grants, subject to certain retention arrangements, of nil-cost contingent share rights (the "Awards") over ordinary shares of 0.02p each in Premier ("Shares") to certain Persons Discharging Managerial Responsibilities ("PDMRs") and other employees on 7 March 2017.
Grant of Awards
As announced on 1 December 2016, it is the Company's intention to grant share awards to certain employees and directors of the Company out of an Employee Benefit Trust under an LTIP scheme. The Company continues to finalise details of this proposed scheme and will announce these in due course.
In the meantime, in order to ensure that appropriate retention arrangements are in place for its senior management team, the Company has elected to make certain awards out of a proportion of the existing shares contained within the Company's Employee Benefit Trust. The Employee Benefit Trust currently holds 1.6m ordinary shares in the Company, representing 1.5% of the issued share capital.
On 7 March, 2017, Premier therefore granted Awards over a total of 1,216,667 Shares from the Employee Benefit Trust, to certain PDMRs and other employees. Of this award, 700,000 Shares were awarded to seven individuals whom are regarded as PDMRs, details of which are set out below.
Vesting of the Awards is subject to continued employment and malus and clawback provisions. These Awards will vest on the third anniversary of the date of grant, although they may vest earlier if there is a change of control event or, in certain circumstances, if a participant becomes a good leaver.
The breakdown of the awards made to PDMRs is as follows:
Executive Director Awards -------------------- ------- Michael O'Shea 166,666 -------------------- ------- David Hambidge 133,333 -------------------- ------- Neil Macpherson 100,000 -------------------- ------- Neil Birrell 100,000 -------------------- ------- Mark Friend 66,667 -------------------- ------- Simon Wilson 66,667 -------------------- ------- Michael Hammond 66,667 -------------------- ------- Total 700,000 -------------------- -------
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Enquiries:
Hot Features
Premium
Premier Asset Management Group Tel: 01483 306090
PLC Mike O'Shea
----------------------------------- -------------------
Stifel Nicolaus Europe Ltd trading Tel: 0207 710 7600
as KBW (Nomad and Joint Broker) Gareth Hunt
Stewart Wallace
----------------------------------- -------------------
Numis Securities Limited Tel: 020 7260 1000
(Joint Broker) Andrew Holloway
Charles Farquhar
----------------------------------- -------------------
Smithfield Consultants Tel: 020 7360 4900
(Financial PR) John Kiely
Andrew Wilde
----------------------------------- -------------------
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 GBP5.2 billion of assets under management as at 31 December 2016.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
(Disclosure in relation to award of ordinary shares)
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 Premier Asset Management Group
PLC
--- -------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -----------------------------------------------------------------------
a) Name Premier Asset Management 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
financial instrument, Asset Management Group PLC.
type of instrument ISIN: GB00BZB2KR63
Identification code
--- -------------------------- -------------------------------------------
b) Nature of the transaction Award of Ordinary Shares in Premier Asset
Management Group PLC
--- -------------------------- -------------------------------------------
c) Price(s) and volume(s) Price- nil
Volume: 166,666
--- -------------------------- -------------------------------------------
d) Aggregated information n/a
--- -------------------------- -------------------------------------------
e) Date of the transaction 7(th) March 2017
--- -------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- -------------------------------------------
(Disclosure in relation to award of ordinary shares)
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- ----------------------------------------------------------------------
a) Name Neil Macpherson - Group Finance Director
--- -------------------------- ------------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------------
a) Position/status Group Finance Director - classified as
PDMR of Premier Asset Management Group
PLC
--- -------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ----------------------------------------------------------------------
a) Name Premier Asset Management 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
financial instrument, Asset Management Group PLC.
type of instrument ISIN: GB00BZB2KR63
Identification code
--- -------------------------- ------------------------------------------
b) Nature of the transaction Award of Ordinary Shares in Premier Asset
Management Group PLC
--- -------------------------- ------------------------------------------
c) Price(s) and volume(s) Price- nil
Volume: 100,000
--- -------------------------- ------------------------------------------
d) Aggregated information n/a
--- -------------------------- ------------------------------------------
e) Date of the transaction 7(th) March 2017
--- -------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- ------------------------------------------
(Disclosure in relation to award of ordinary shares)
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- -----------------------------------------------------------------------
a) Name Mark Friend - Chief Operating Officer
--- -------------------------- -------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------
a) Position/status Chief Operating Officer - classified
as PDMR of Premier Asset Management Group
PLC
--- -------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -----------------------------------------------------------------------
a) Name Premier Asset Management 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
financial instrument, Asset Management Group PLC.
type of instrument ISIN: GB00BZB2KR63
Identification code
--- -------------------------- -------------------------------------------
b) Nature of the transaction Award of Ordinary Shares in Premier Asset
Management Group PLC
--- -------------------------- -------------------------------------------
c) Price(s) and volume(s) Price- nil
Volumes: 66,667
--- -------------------------- -------------------------------------------
d) Aggregated information n/a
--- -------------------------- -------------------------------------------
e) Date of the transaction 7(th) March 2017
--- -------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- -------------------------------------------
(Disclosure in relation to award of ordinary shares)
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- ----------------------------------------------------------------------
a) Name Simon Wilson - Marketing Director
--- -------------------------- ------------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------------
a) Position/status Marketing Director - classified as PDMR
of Premier Asset Management Group PLC
--- -------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ----------------------------------------------------------------------
a) Name Premier Asset Management 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
financial instrument, Asset Management Group PLC.
type of instrument ISIN: GB00BZB2KR63
Identification code
--- -------------------------- ------------------------------------------
b) Nature of the transaction Award of Ordinary Shares in Premier Asset
Management Group PLC
--- -------------------------- ------------------------------------------
c) Price(s) and volume(s) Price- nil
Volumes: 66,667
--- -------------------------- ------------------------------------------
d) Aggregated information n/a
--- -------------------------- ------------------------------------------
e) Date of the transaction 7(th) March 2017
--- -------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- ------------------------------------------
(Disclosure in relation to award of ordinary shares)
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- ----------------------------------------------------------------------
a) Name Michael Hammond- Sales Director
--- -------------------------- ------------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------------
a) Position/status Sales Director - classified as PDMR of
Premier Asset Management Group PLC
--- -------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ----------------------------------------------------------------------
a) Name Premier Asset Management 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
financial instrument, Asset Management Group PLC.
type of instrument ISIN: GB00BZB2KR63
Identification code
--- -------------------------- ------------------------------------------
b) Nature of the transaction Award of Ordinary Shares in Premier Asset
Management Group PLC
--- -------------------------- ------------------------------------------
c) Price(s) and volume(s) Price- nil
Volumes: 66,667
--- -------------------------- ------------------------------------------
d) Aggregated information n/a
--- -------------------------- ------------------------------------------
e) Date of the transaction 7(th) March 2017
--- -------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- ------------------------------------------
(Disclosure in relation to award of ordinary shares)
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- -----------------------------------------------------------------------
a) Name David Hambidge - Head of Multi-Asset
Funds
--- -------------------------- -------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------
a) Position/status Head of Multi-Asset Funds - classified
as PDMR of Premier Asset Management Group
PLC
--- -------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -----------------------------------------------------------------------
a) Name Premier Asset Management 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
financial instrument, Asset Management Group PLC.
type of instrument ISIN: GB00BZB2KR63
Identification code
--- -------------------------- -------------------------------------------
b) Nature of the transaction Award of Ordinary Shares in Premier Asset
Management Group PLC
--- -------------------------- -------------------------------------------
c) Price(s) and volume(s) Price- nil
Volumes: 133,333
--- -------------------------- -------------------------------------------
d) Aggregated information n/a
--- -------------------------- -------------------------------------------
e) Date of the transaction 7(th) March 2017
--- -------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- -------------------------------------------
(Disclosure in relation to award of ordinary shares)
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- -----------------------------------------------------------------------
a) Name Neil Birrell - Chief Investment Officer
--- -------------------------- -------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------
a) Position/status Chief Investment Officer - classified
as PDMR of Premier Asset Management Group
PLC
--- -------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -----------------------------------------------------------------------
a) Name Premier Asset Management 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
financial instrument, Asset Management Group PLC.
type of instrument ISIN: GB00BZB2KR63
Identification code
--- -------------------------- -------------------------------------------
b) Nature of the transaction Award of Ordinary Shares in Premier Asset
Management Group PLC
--- -------------------------- -------------------------------------------
c) Price(s) and volume(s) Price- nil
Volumes: 100,000
--- -------------------------- -------------------------------------------
d) Aggregated information n/a
--- -------------------------- -------------------------------------------
e) Date of the transaction 7(th) March 2017
--- -------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- -------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBRGDXGBGBGRR
(END) Dow Jones Newswires
March 07, 2017 12:13 ET (17:13 GMT)
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