PDMR/Director Dealing

RNS Number : 0229M

Premier Miton Group PLC

05 May 2020

 

5 May 2020

Premier Miton Group plc

("Premier Miton" or the "Company")

PDMR/Director Dealing

Premier Miton Group plc (AIM: PMI) announces that yesterday, the trustee of the Company's Share Incentive Plan operating through Global Shares Trustees (UK) Limited, a UK registered company, allocated 28,336 ordinary shares of 0.02 pence each ("Ordinary Shares") at an allocation cost of 97.0 pence per Ordinary Share for the Company's Share Incentive Plan ("Plan"). The purchases were made in the open market. The allocation cost is calculated on the basis of the closing mid-market price on the day before the acquisition.

The Ordinary Shares detailed above have been used to satisfy the following transactions:

-  Award of 14,168 Ordinary Shares as "partnership shares" under the Plan at an allocation cost of the closing mid-market price on the day before the allocation.

-  Award of 14,168 Ordinary Shares as "matching shares" under the Plan.  No consideration was paid by the grantees for the award of the matching shares and no consideration is due on the release of the matching shares.

The risk of forfeiture attached to the matching shares will normally be removed on the third anniversary of allocation subject to continued employment and the retention of the partnership shares in connection with which they were awarded.

As part of the transactions referred to above and pursuant to disclosure requirements under the Market Abuse Regulation, certain PDMRs acquired Ordinary Shares as follows:

Director	Partnership shares acquired	Matching shares awarded	Total holding following notification	% of current issued shares
Piers Harrison	1,855	1,855	47,560	0.03%
Mike O'Shea	1,855	1,855	2,820,382*	1.79%

* 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 PDMR / person closely associated with them ("PCA")
a)	Name	Piers Harrison
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification / amendment	Initial notification
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 of the financial instrument, type of financial instrument Identification Code	Ordinary Shares of 0.02p each in Premier Miton Group plc ISIN: GB00BZB2KR63
b)	Nature of the transaction	PDMR acquired "partnership shares" and was awarded "matching shares" through the Company's share incentive scheme.
c)	Price(s) and volume(s)	Price(s) Volume(s) Partnership shares 97.0p 1,855 Matching shares 0p (nil) per share 1,855
d)	Aggregated information Aggregated volume Price	Price(s) Volume(s) Partnership shares 97.0p 1,855 Matching shares 0p (nil) per share 1,855
e)	Date of the transaction	4 May 2020
f)	Place of the transaction	London Stock Exchange

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Mike O'Shea
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification / amendment	Initial notification
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 of the financial instrument, type of financial instrument Identification Code	Ordinary Shares of 0.02p each in Premier Miton Group plc ISIN: GB00BZB2KR63
b)	Nature of the transaction	PDMR acquired "partnership shares" and was awarded "matching shares" through the Company's share incentive scheme.
c)	Price(s) and volume(s)	Price(s) Volume(s) Partnership shares 97.0p 1,855 Matching shares 0p (nil) per share 1,855
d)	Aggregated information Aggregated volume Price	Price(s) Volume(s) Partnership shares 97.0p 1,855 Matching shares 0p (nil) per share 1,855
e)	Date of the transaction	4 May 2020
f)	Place of the transaction	London Stock Exchange

Enquiries:

Premier Miton Group plc	Tel: [phone] Mike O'Shea
Numis Securities Limited (NOMAD and Broker)	Tel: [phone] Huw Jeremy / Kevin Cruickshank Charles Farquhar
Liberum Capital Limited (Joint Broker)	Tel: [phone] Richard Crawley Jamie Richards
Smithfield Consultants (Financial PR)	Tel: [phone] John Kiely Andrew Wilde

Note to editors 

About Premier Miton

Premier Miton Investors 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 £9.1 billion at 31 March 2020.

LEI Number: 213800LK2M4CLJ4H2V85

 

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