Dividend Declaration

RNS Number : 1456V

Premier Asset Management Group PLC

26 January 2017

 

26 January 2017

                                                                Premier Asset Management Group PLC

("Premier" or the "Company")

Quarterly Interim Dividend

Premier Asset Management Group PLC (AIM: PAM) today announces details of its first quarterly interim dividend since its admission to AIM in October 2016.

The Board of Premier has approved the payment of an interim dividend of 1.25 pence per share, which will be paid on 3 March 2017 to shareholders who are on the register as at the close of business on 3 February 2017.

The dividend is for the Company's first quarter of its financial year covering the three month period ended 31 December 2016.

Dividend policy

As detailed in the Company's admission document, dated 4 October 2016, the Directors intend to adopt a progressive dividend policy to reflect the expectation of future cash flow generation and the long‐term earnings potential of Premier.

As part of its policy, the Company expects to pay three smaller dividends, representing approximately half the estimated total dividend for the full financial year, followed by a larger, final dividend.

Enquiries:

Premier Asset Management Group PLC	Tel: [phone] Mike O'Shea
Stifel Nicolaus Europe Limited (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.

 

END

 

 

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