TIDMPMI

RNS Number : 8397F

Premier Miton Group PLC

11 March 2020

11 March 2020

Premier Miton Group plc

("Premier Miton" or the "Company")

Employee Benefit Trust Share Purchase

Premier Miton Group plc (AIM: PMI) has been notified by Rysaffe Trustee Company (C.I.) Limited, Trustee of the Eastgate Court Trust (the "EBT"), that on 10 March 2020 the EBT purchased 1,058,472 ordinary shares of 0.02 pence each in the capital of the Company (the "Shares") at an average price of 131.1938 pence per Share to be held in the EBT.

The EBT is a discretionary trust for the benefit of the Company's employees, including the executive directors of the Company. The Shares are intended to be used to satisfy future awards to be made to employees under the terms of the Premier Asset Management Group Plc 2016 Long Term Incentive Plan.

Following this transaction, the EBT holds a total of 5,352,397 Shares, representing approximately 3.39% of the Company's issued share capital.

The issued share capital of the Company as at the date of this announcement is 157,913,035 Shares. There are no shares held in Treasury.

Enquiries:

 
  Premier Miton Group plc     Tel: 01483 306090 
                               Mike O'Shea 
  Numis Securities Limited    Tel: 020 7260 1000 
   (NOMAD and Broker)          Huw Jeremy / Kevin Cruickshank 
                               Charles Farquhar 
  Liberum Capital Limited     Tel: 020 3100 2000 
   (Joint Broker)              Richard Crawley 
                               Jamie Richards 
  Smithfield Consultants      Tel: 020 3047 2544 
   (Financial PR)              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 GBP11.6 billion as at 31 December 2019.

LEI Number: 213800LK2M4CLJ4H2V85

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 rns@lseg.com or visit www.rns.com.

END

POSEAXDFFAPEEFA

(END) Dow Jones Newswires

March 11, 2020 13:32 ET (17:32 GMT)

Premier Asset Management (LSE:PAM)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Premier Asset Management Charts.
Premier Asset Management (LSE:PAM)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Premier Asset Management Charts.