Completion of acquisition and Issue of Equity
11 March 2025
Premier Miton Group plc
('Premier Miton' or the 'Company')
Completion of acquisition
and
Issue of Equity
Premier Miton Group plc (AIM: PMI) today announces that following the first anniversary of the completion of the acquisition of Tellworth Investments LLP, the details of which are as described in the announcement of 1 November 2023 and its intention to allot new shares in the capital of the Company in fulfilment of the Additional Consideration that falls due.
The Assets under Management managed by the Tellworth team between completion and the first anniversary of completion have grown by £227m to £698m. The Additional Consideration due of £1.79m is to be satisfied as to £1.11m in cash and 1,205,392 new ordinary shares of 0.02 pence each (the 'New Shares') which are to be held until three years from the date of completion, further announcements will be made if further consideration becomes payable.
An application has been made to the London Stock Exchange for 1,205,392 New Shares to be admitted to trading on AIM (the 'Admission'). It is expected that Admission will be effective at 8.00 a.m. on 14 March 2025. At Admission, the New Shares will rank pari passu with the existing ordinary shares of the Company.
Total Voting Rights
Following Admission of the New Shares, the Company's issued share capital will consist of 163,285,959 ordinary shares. There are no ordinary shares held in treasury, therefore, the total number of voting rights in the Company will be 163,285,959, being the denominator for Shareholders to calculate their interest in, or changes to their interest in the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Enquiries:
|
Premier Miton Group plc Mike O'Shea, Chief Executive Officer |
01483 306 090
|
|
Investec Bank plc (Nominated Adviser and Broker) David Anderson / Ben Griffiths / St John Hunter
|
020 7597 4000 |
|
Camarco Geoffrey Pelham-Lane / Ben Woodford |
07733 124 226 / 07990 653 341 |
Notes to editors:
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 equity, fixed income, multi-asset and absolute return.
LEI Number: 213800LK2M4CLJ4H2V85
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