Director/PDMR Shareholding

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:

Premier Asset Management Group PLC	Tel: [phone] Mike O'Shea
Stifel Nicolaus Europe Ltd trading as KBW (Nomad and Joint Broker)	Tel: [phone] Gareth Hunt Stewart Wallace
Numis Securities Limited (Joint Broker)	Tel: [phone] Andrew Holloway Charles Farquhar
Smithfield Consultants (Financial PR)	Tel: [phone] 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 £5.2 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 /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	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	7th 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 /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	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	7th 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 /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	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	7th 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 /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	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	7th 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 /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	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	7th 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 /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	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	7th 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 /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	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	7th March 2017
f)	Place of the transaction	Outside a trading venue

 

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