Employee Share Incentive Plan

RNS Number : 2160A

Premier Miton Group PLC

17 January 2020

 

17 January 2020

Premier Miton Group plc

("Premier Miton" or the "Company")

Employee Share Incentive Plan

Premier Miton Group plc (AIM: PMI) is pleased to announce that it has adopted a Share Incentive Plan ('SIP') under which eligible employees may participate.

The purpose of the SIP is to provide employees with the opportunity to acquire ordinary shares of 0.02 pence each in the Company ('Shares') in a tax-effective way, in accordance with the provisions for such employee share plans as set out in Schedule 2 to ITEPA 2003. It is anticipated that the first purchase will be made in early February 2020.

The SIP is constituted by a Trust Deed and Rules. It will be administered by Global Shares Trustees (UK) Limited, a company registered in England and Wales under number 10432763 whose registered office is at No 1 Bengal Court, Birchin Lane, London EC3V 9DD.

Under the SIP, UK based employees will have the opportunity to acquire Partnership Shares, Matching Shares, on the basis of one Matching Share for every Partnership Share bought, and Dividend Shares.  In addition, the Company may, if it so decides, award Free Shares to eligible employees up to £3,000 each tax year.

Directors and Applicable Employees (as defined by the AIM Rules for Companies) will be prohibited from joining the SIP and from changing or cancelling their participation in any Close Period (as defined by the AIM Rules for Companies) and in accordance with the Market Abuse Regulations ('MAR').

Enquiries:

Premier Miton Group plc	Tel: [phone] Mike O'Shea
Numis Securities Limited (NOMAD and Broker)	Tel: [phone] Kevin Cruickshank Charles Farquhar Huw Jeremy
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 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 £11.6 billion as at 31 December 2019.

LEI Number: 213800LK2M4CLJ4H2V85

 

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