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Premier Miton Group (PMI)

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Friday 20 May, 2022

Premier Miton Group

Director/PDMR Shareholding

RNS Number : 3398M
Premier Miton Group PLC
20 May 2022
 

20 May 2022

Premier Miton Group plc

('Premier Miton' or the 'Company')

PDMR/Director Dealing

 

Premier Miton Group plc (AIM: PMI) has been notified that today, an award over 275,000 ordinary shares in the Company ('Shares') in the form of a nil cost contingent share award, granted on 23 April 2019 and which vested on 23 April 2022, was automatically exercised via an irrevocable market instruction placed by the EBT on 25 April 2022, in favour of Mike O'Shea, a PDMR. The Shares are satisfied from an Employee Benefit Trust.

 

Of those Shares awarded, 133,239 Shares were sold to satisfy the resultant income tax and National Insurance liability and the balance of 141,761 Shares will transfer to Mike O'Shea in satisfaction of the award.

 

The notification below, made in accordance with the requirements of UK Market Abuse Regulation, provides further detail.

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Michael 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

Vesting of nil cost contingent share award

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

275,000 Shares vested

£1.2117

133,239 Shares sold to cover tax liabilities

d)

Aggregated information

Aggregated volume

Price

275,000 Shares vested

133,239 Shares sold to cover tax liabilities

Total Price: £161,445.70

 

e)

Date of the transaction

20 May 2022

 

f)

Place of the transaction

London Stock Exchange (AIMX)

 

 

 

For further information, please contact:

 

Enquiries:

 

Premier Miton Group plc

Mike O'Shea, Chief Executive Officer

 

 

01483 306 090

 

Investec Bank plc (Nominated Adviser and Broker)

Bruce Garrow / Ben Griffiths / Virginia Bull / Harry Hargreaves

 

 

 

020 7260 1000

 

Edelman Smithfield Consultants (Financial PR)

John Kiely / Latika Shah

 

 

07785 275665/

07950 671948

 

 

 

Notes to editors:

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 equity, fixed income, multi-asset and absolute return.

 

LEI Number: 213800LK2M4CLJ4H2V85

 

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