25 April, 2017
Premier Asset Management Group PLC
("Premier" or the "Company")
Director/PDMR/PCA shareholding
Premier Asset Management Group PLC (AIM: PAM) today announces that it has been notified of the following transactions in the Company's ordinary shares of 0.02p each (the "Shares") undertaken by certain directors and persons discharging managerial responsibility transferring Shares to persons closely associated with them.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Enquiries:
Premier Asset Management Group PLC
|
Tel: 01483 306090 Mike O'Shea
|
Stifel Nicolaus Europe Ltd trading as KBW (Nomad and Joint Broker)
|
Tel: 0207 710 7600 Gareth Hunt Stewart Wallace
|
Numis Securities Limited (Joint Broker)
|
Tel: 020 7260 1000 Andrew Holloway Charles Farquhar |
Smithfield Consultants (Financial PR)
|
Tel: 020 3047 2533 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 £5.5 billion of assets under management as at 31 March 2017.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail:
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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 /Amendment |
Initial notification |
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 financial instrument, type of instrument Identification code |
Ordinary shares of 0.02p each in Premier Asset Management Group PLC. ISIN: GB00BZB2KR63 |
b) |
Nature of the transaction |
Transfer out (disposal) |
c) |
Price(s) and volume(s)
|
Price- n/a Volume: 412,150
|
d)
|
Aggregated information
|
n/a |
e) |
Date of the transaction |
24th April 2017 |
f) |
Place of the transaction |
Outside a trading venue |
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 /Amendment |
Initial notification |
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 financial instrument, type of instrument Identification code |
Ordinary shares of 0.02p each in Premier Asset Management Group PLC. ISIN: GB00BZB2KR63 |
b) |
Nature of the transaction |
Transfer out (disposal) |
c) |
Price(s) and volume(s)
|
Price- nil Volume: 461,700
|
d)
|
Aggregated information
|
n/a |
e) |
Date of the transaction |
24th April 2017 |
f) |
Place of the transaction |
Outside a trading venue |
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 /Amendment |
Initial notification |
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 financial instrument, type of instrument Identification code |
Ordinary shares of 0.02p each in Premier Asset Management Group PLC. ISIN: GB00BZB2KR63 |
b) |
Nature of the transaction |
Transfer out (disposal) |
c) |
Price(s) and volume(s)
|
Price- n/a Volume: 1,025,000
|
d)
|
Aggregated information
|
n/a |
e) |
Date of the transaction |
24th April 2017 |
f) |
Place of the transaction |
Outside a trading venue |
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 /Amendment |
Initial notification |
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 financial instrument, type of instrument Identification code |
Ordinary shares of 0.02p each in Premier Asset Management Group PLC. ISIN: GB00BZB2KR63 |
b) |
Nature of the transaction |
Transfer out (disposal) |
c) |
Price(s) and volume(s)
|
Price- nil Volume: 394,050
|
d)
|
Aggregated information
|
n/a |
e) |
Date of the transaction |
24th April 2017 |
f) |
Place of the transaction |
Outside a trading venue |
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 |
Sales Director - classified as PDMR of Premier Asset Management Group PLC |
b) |
Initial notification /Amendment |
Initial notification |
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 financial instrument, type of instrument Identification code |
Ordinary shares of 0.02p each in Premier Asset Management Group PLC. ISIN: GB00BZB2KR63 |
b) |
Nature of the transaction |
Transfer out (disposal) |
c) |
Price(s) and volume(s)
|
Price- nil Volume: 356,250
|
d)
|
Aggregated information
|
n/a |
e) |
Date of the transaction |
24th April 2017 |
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
a) |
Name |
Catriona O'Shea |
2 |
Reason for the notification |
|
a) |
Position/status |
Classified as PCA of Mike O'Shea, PDMR of Premier Asset Management Group PLC |
b) |
Initial notification /Amendment |
Initial notification |
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 financial instrument, type of instrument Identification code |
Ordinary shares of 0.02p each in Premier Asset Management Group PLC. ISIN: GB00BZB2KR63 |
b) |
Nature of the transaction |
Transfer in (acquisition) |
c) |
Price(s) and volume(s)
|
Price- nil Volume: 412,150
|
d)
|
Aggregated information
|
n/a |
e) |
Date of the transaction |
24th April 2017 |
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
a) |
Name |
Sadie Friend |
2 |
Reason for the notification |
|
a) |
Position/status |
Classified as PCA of Mark Friend, PDMR of Premier Asset Management Group PLC |
b) |
Initial notification /Amendment |
Initial notification |
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 financial instrument, type of instrument Identification code |
Ordinary shares of 0.02p each in Premier Asset Management Group PLC. ISIN: GB00BZB2KR63 |
b) |
Nature of the transaction |
Transfer in (acquisition) |
c) |
Price(s) and volume(s)
|
Price- nil Volume: 461,700
|
d)
|
Aggregated information
|
n/a |
e) |
Date of the transaction |
24th April 2017 |
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
a) |
Name |
Amanda Hambidge |
2 |
Reason for the notification |
|
a) |
Position/status |
Classified as PCA of David Hambidge, PDMR of Premier Asset Management Group PLC |
b) |
Initial notification /Amendment |
Initial notification |
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 financial instrument, type of instrument Identification code |
Ordinary shares of 0.02p each in Premier Asset Management Group PLC. ISIN: GB00BZB2KR63 |
b) |
Nature of the transaction |
Transfer in (acquisition) |
c) |
Price(s) and volume(s)
|
Price- nil Volume: 1,025,000
|
d)
|
Aggregated information
|
n/a |
e) |
Date of the transaction |
24th April 2017 |
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
a) |
Name |
Amanda Hammond |
2 |
Reason for the notification |
|
a) |
Position/status |
Classified as PCA of Mike Hammond, PDMR of Premier Asset Management Group PLC |
b) |
Initial notification /Amendment |
Initial notification |
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 financial instrument, type of instrument Identification code |
Ordinary shares of 0.02p each in Premier Asset Management Group PLC. ISIN: GB00BZB2KR63 |
b) |
Nature of the transaction |
Transfer in (acquisition) |
c) |
Price(s) and volume(s)
|
Price- nil Volume: 394,050
|
d)
|
Aggregated information
|
n/a |
e) |
Date of the transaction |
24th April 2017 |
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
a) |
Name |
Lise Andreassen |
2 |
Reason for the notification |
|
a) |
Position/status |
Classified as PCA of Simon Wilson, PDMR of Premier Asset Management Group PLC |
b) |
Initial notification /Amendment |
Initial notification |
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 financial instrument, type of instrument Identification code |
Ordinary shares of 0.02p each in Premier Asset Management Group PLC. ISIN: GB00BZB2KR63 |
b) |
Nature of the transaction |
Transfer in (acquisition) |
c) |
Price(s) and volume(s)
|
Price- nil Volume: 356,250
|
d)
|
Aggregated information
|
n/a |
e) |
Date of the transaction |
24th April 2017 |
f) |
Place of the transaction |
Outside a trading venue |