Grant of Retention Award & Director Dealing

RNS Number : 5049F

Premier Miton Group PLC

09 March 2020

 

9 March 2020

Premier Miton Group plc

("Premier Miton" or the "Company")

Grant of Retention Award & Director Dealing

Premier Miton Group plc (AIM: PMI) announces that today, it has granted awards, subject to certain retention arrangements, of nil cost contingent share rights (the "Retention Award") over 2,075,000 ordinary shares of 0.02p each in the Company (the "Shares") to certain Persons Discharging Managerial Responsibilities ("PDMRs") and other employees in accordance with the provisions of the 2016 LTIP Rules.

Vesting of the Retention Awards is subject to continued employment and malus and clawback provisions. These Retention Awards will usually 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 Retention Awards will be satisfied from the MAM Funds plc Employee Benefit Trust No.1 an Employee Benefit Trust for which SG Kleinwort Hambros Trust Company (CI) Limited acts as Trustee.

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	Grant of Retention Award subject to a retention period
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 150,000
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	9 March 2020
f)	Place of the transaction	Outside a trading Venue

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 £11.6 billion as at 31 December 2019.

LEI Number: 213800LK2M4CLJ4H2V85

 

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