Premier Miton Group PLC Director / PDMR Dealing (5047F)

TIDMPMI

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   Percentage of 
                                                         over Shares       Issued 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              Ordinary shares of 0.02p each in Premier 
       of the financial         Miton Group plc. 
       instrument,              ISIN: GB00BZB2KR63 
       type of instrument 
       Identification 
       code 
     -----------------------  --------------------------------------------- 
 b)   Nature of the            Vesting of Ordinary Shares in Premier Miton 
       transaction              Group plc 
     -----------------------  --------------------------------------------- 
 c)   Price(s) and             Price- nil 
       volume(s)                Volume: 166,666 
     -----------------------  --------------------------------------------- 
 d)   Aggregated information   n/a 
     -----------------------  --------------------------------------------- 
 e)   Date of the              7(th) 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              Ordinary shares of 0.02p each in Premier 
       of the financial         Miton Group plc. 
       instrument,              ISIN: GB00BZB2KR63 
       type of instrument 
       Identification 
       code 
     -----------------------  --------------------------------------------- 
 b)   Nature of the            Vesting of Ordinary Shares in Premier Miton 
       transaction              Group plc 
     -----------------------  --------------------------------------------- 
 c)   Price(s) and             Price- nil 
       volume(s)                Volume: 663,313 
     -----------------------  --------------------------------------------- 
 d)   Aggregated information   n/a 
     -----------------------  --------------------------------------------- 
 e)   Date of the              9(th) 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 GBP11.6 billion as at 31 December 2019.

Notification and public disclosure of transactions by persons discharging managerial

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 [e-mail] or visit www.rns.com.

END

DSHFLFIDVTIAIII

(END) Dow Jones Newswires

March 09, 2020 13:11 ET (17:11 GMT)