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Premier AM Group PLC (PMI)

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Wednesday 18 September, 2019

Premier AM Group PLC

Posting of Shareholder Circular

RNS Number : 8367M
Premier Asset Management Group PLC
18 September 2019
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY RESTRICTED JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

18 September 2019

Premier Asset Management Group PLC

Posting of Shareholder Circular

On 4 September 2019, the boards of Premier Asset Management Group PLC ("Premier") and Miton Group plc ("Miton") announced that they had reached agreement on the terms of a recommended all-share merger of Premier and Miton, to be effected by means of a court-sanctioned scheme of arrangement between Miton and the Miton Shareholders under Part 26 of the Companies Act 2006 (the "Merger").

Under the terms of the Merger, Miton Shareholders will be entitled to receive 0.30186 New Shares in Premier in exchange for each Miton Share. As a result of the New Shares to be allotted and issued by Premier under the terms of the Scheme, the Board is required to seek the approval of Shareholders to the requisite authorities and powers to issue and allot such New Shares at the Extraordinary General Meeting.

The Board is pleased to announce that the Extraordinary General Meeting is to be held at 10.00 a.m. on 9 October 2019, at Premier's registered office at Eastgate Court, High Street, Guildford, Surrey GU1 3DE. An explanatory circular and a letter of Notice of Availability have been posted (in the case of shareholders of Premier who have elected to receive their communications by post) or emailed (in respect of shareholders of Premier who have elected to receive their communications electronically) to shareholders of Premier (the "Shareholder Circular"). A copy of the Shareholder Circular is also available from the website of Premier at www.premierfunds.co.uk/corporate.

Unless otherwise defined, all capitalised terms in this announcement shall have the meaning given to them in the Shareholder Circular.

Enquiries:

 

Premier Asset Management Group PLC

Tel: 01483 306090

Neil Macpherson

 

Fenchurch

(Lead Financial Adviser to Premier)

Tel: 020 7382 222

Vincent Bounie

Philip Evans

 

Numis Securities Limited

(Financial Adviser, Nominated Adviser and Joint Corporate Broker)

Tel: 020 7260 1000

Kevin Cruickshank

Charles Farquhar

 

Smithfield Consultants

(Financial PR)

Tel: 020 3047 2544

John Kiely

Andrew Wilde

Note to editors 

About Premier

Premier is a 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 £6.7 billion of assets under management as at 30 June 2019.

 

LEI Number: 213800LK2M4CLJ4H2V85

 

 


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