Proposed capital reduction and notice of GM

RNS Number : 3469H

Premier Asset Management Group PLC

07 June 2017

 

7 June 2017

Premier Asset Management Group PLC

("Premier" or the "Company")

Proposed cancellation of the Share Premium Account
and Notice of General Meeting

Further to the announcement of its half year results on 24 May 2017, Premier Asset Management Group PLC (AIM: PAM) announces that a circular containing details of the proposed cancellation of the Share Premium Account and a Notice of General Meeting has been posted to shareholders today.

The proposed capital reduction will cancel the Company's share premium account. This will create distributable reserves which will be available for the directors of the Company to use for the purposes of paying dividends and/or buying back ordinary shares, should circumstances in the future make it desirable to do so.

The Circular has been published and is available for download from the Company's website www.premierfunds.co.uk/corporate/documents.

The General Meeting is to be held at the Company's registered office at Eastgate Court, High Street, Guildford, Surrey GU1 3DE at 11:00 a.m. on 27 June 2017.

Enquiries: 

Premier Asset Management Group PLC	Tel: [phone] Mike O'Shea
Stifel Nicolaus Europe Ltd trading as KBW (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

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 £5.5 billion of assets under management as at 31 March 2017.

 

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