We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 |
TIDMPAM
RNS Number : 6434U
Premier Asset Management Group PLC
13 July 2018
13 July 2018
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") as detailed below.
Grant of Awards
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 3,242,830 ordinary shares in the Company, representing 3.07% of the issued ordinary share capital. The Company has a separate LTIP scheme to grant share awards to certain employees and directors of the Company, though to date this has not been used.
On 10(th) July 2018, Premier granted Awards over a total of 968,333 Shares held within the Employee Benefit Trust, to certain Persons Discharging Managerial Responsibilities ("PDMRs") and other employees. From this, a total of 415,000 Shares were awarded to the two individuals who 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 300,000 -------- Neil Macpherson 115,000 -------- Total 415,000, --------
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Enquiries:
Premier Asset Management Group Tel: 01483 306090 PLC Mike O'Shea Numis Securities Limited Tel: 020 7260 1000 (NOMAD and Broker) Kevin Cruickshank Charles Farquhar Liberum Capital Limited Tel: 020 3100 2000 (Joint Broker) Richard Crawley Jamie Richards Smithfield Consultants Tel: 020 3047 2544 (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 GBP6.8 billion of assets under management as at 30 June 2018.
LEI Number: 213800LK2M4CLJ4H2V85
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, subject to a vesting period -------------------------- -------------------------------------------- c) Price(s) and volume(s) Price- nil Volume: 300,000 -------------------------- -------------------------------------------- d) Aggregated information n/a -------------------------- -------------------------------------------- e) Date of the transaction 10(th) July 2018 -------------------------- -------------------------------------------- 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, subject to a vesting period -------------------------- ----------------------------------------- c) Price(s) and volume(s) Price- nil Volume: 115,000 -------------------------- ----------------------------------------- d) Aggregated information n/a -------------------------- ----------------------------------------- e) Date of the transaction 10(th) July 2018 -------------------------- ----------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- -----------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHBSGDRUBBBGIX
(END) Dow Jones Newswires
July 13, 2018 10:18 ET (14:18 GMT)
1 Year Premier Asset Management Chart |
1 Month Premier Asset Management Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions