Information  X 
Enter a valid email address

Premier AM Group PLC (PAM)

  Print      Mail a friend

Friday 13 July, 2018

Premier AM Group PLC

Director/PDMR Shareholding

RNS Number : 6434U
Premier Asset Management Group PLC
13 July 2018
 

 

13 July 2018

 

Premier Asset Management Group PLC

("Premier" or the "Company")

Grant of retention awards to PDMRs and other employees

Premier Asset Management Group PLC (AIM: PAM) today announces that it has awarded grants, subject to certain retention arrangements, of nil-cost contingent share rights (the "Awards") over ordinary shares of 0.02p each in Premier ("Shares") as detailed below.

Grant of Awards

In order to ensure that appropriate retention arrangements are in place for its senior management team, the Company has elected to make certain awards out of a proportion of the existing shares contained within the Company's Employee Benefit Trust.  The Employee Benefit Trust currently holds 3,242,830 ordinary shares in the Company, representing 3.07% of the issued ordinary share capital. The Company has a separate LTIP scheme to grant share awards to certain employees and directors of the Company, though to date this has not been used. 

On 10th July 2018, Premier granted Awards over a total of 968,333 Shares held within the Employee Benefit Trust, to certain Persons Discharging Managerial Responsibilities ("PDMRs") and other employees.  From this, a total of 415,000 Shares were awarded to the two individuals who are regarded as PDMRs, details of which are set out below.

Vesting of the Awards is subject to continued employment and malus and clawback provisions. These Awards will 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 breakdown of the awards made to PDMRs is as follows:

Executive Director

Awards

Michael O'Shea

300,000

Neil Macpherson

115,000

Total

415,000,

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

Enquiries:

 

Premier Asset Management Group PLC

Tel: 01483 306090

Mike O'Shea

 

Numis Securities Limited

(NOMAD and Broker)

Tel: 020 7260 1000

Kevin Cruickshank

Charles Farquhar

 

Liberum Capital Limited

(Joint Broker)

Tel: 020 3100 2000

Richard Crawley

Jamie Richards

 

Smithfield Consultants

(Financial PR)

Tel: 020 3047 2544

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 £6.8 billion of assets under management as at 30 June 2018.

 

LEI Number: 213800LK2M4CLJ4H2V85

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

(Disclosure in relation to award of ordinary shares)

1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael O'Shea  - Chief Executive Officer

 

2

Reason for the notification 

a)

Position/status 

Chief Executive Officer - classified as PDMR of Premier Asset Management Group PLC

b)

Initial notification /Amendment 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name 

Premier Asset Management 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 instrument 

Identification code 

Ordinary shares of 0.02p each in Premier Asset Management Group PLC.

 ISIN: GB00BZB2KR63

b)

Nature of the transaction 

Award of Ordinary Shares in Premier Asset Management Group PLC, subject to a vesting period

c)

Price(s) and volume(s)

 

Price- nil

Volume: 300,000

 

d)

 

Aggregated information 

 

n/a

e)

Date of the transaction 

10th July 2018

f)

Place of the transaction 

Outside a trading venue

 

 

 

(Disclosure in relation to award of ordinary shares)

1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Neil Macpherson - Group Finance Director

 

2

Reason for the notification 

a)

Position/status 

Group Finance Director - classified as PDMR of Premier Asset Management Group PLC

b)

Initial notification /Amendment 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name 

Premier Asset Management 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 instrument 

Identification code 

Ordinary shares of 0.02p each in Premier Asset Management Group PLC.

 ISIN: GB00BZB2KR63

b)

Nature of the transaction 

Award of Ordinary Shares in Premier Asset Management Group PLC, subject to a vesting period

c)

Price(s) and volume(s)

 

Price- nil

Volume: 115,000

 

d)

 

Aggregated information 

 

n/a

e)

Date of the transaction 

10th July 2018

f)

Place of the transaction 

Outside a trading venue

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHBSGDRUBBBGIX

a d v e r t i s e m e n t