RNS Number : 7628G
Premier Miton Group PLC
13 March 2024
 

13 March 2024

Premier Miton Group plc

('Premier Miton' or the 'Company')

PDMR/Director Dealing

 

Premier Miton Group plc (AIM: PMI) has today been notified of the following transactions:

 

On 13 March 2024, an award over 150,000 ordinary shares in the Company ('Shares') in the form of a nil cost contingent share award, granted on 10 March 2021 and which vested on 10 March 2024, was automatically exercised via an irrevocable market instruction placed by the EBT on Monday 11 March 2024, in favour of Piers Harrison, a PDMR. The Shares are satisfied from an Employee Benefit Trust. Of those Shares awarded, 75,152 Shares were sold to satisfy the resultant income tax and National Insurance liability and the balance of 74,848 Shares will transfer to Piers Harrison, in satisfaction of the award.

 

On 13 March 2024, an award over 400,000 ordinary shares in the Company ('Shares') in the form of a nil cost contingent share award, granted on 10 March 2021 and which vested on 10 March 2024, was automatically exercised via an irrevocable market instruction placed by the EBT on Monday 11 March 2024, in favour of Mike O'Shea, a PDMR. The Shares are satisfied from an Employee Benefit Trust. Of those Shares awarded, 200,402 Shares were sold to satisfy the resultant income tax and National Insurance liability and the balance of 199,598 Shares will transfer to Mike O'Shea in satisfaction of the award.

 

 

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

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Piers Harrison

2.

Reason for the notification

a)

Position / status

Director

b)

Initial notification / amendment

Initial notification

3.

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

a)

Name

Premier Miton 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 financial instrument

Identification Code

Ordinary Shares of 0.02p each in Premier Miton Group plc

ISIN: GB00BZB2KR63

 

b)

Nature of the transaction

Vesting of nil cost contingent share award

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

150,000 Shares vested

55.7966 pence per share

75,152 Shares sold to cover tax liabilities

d)

Aggregated information

Aggregated volume

Price

150,000 Shares vested

75,152 Shares sold to cover tax liabilities

Total Price: £41,932.27

 

e)

Date of the transaction

13 March 2024

 

f)

Place of the transaction

London Stock Exchange (AIMX)

 

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Michael O'Shea

2.

Reason for the notification

a)

Position / status

Director

b)

Initial notification / amendment

Initial notification

3.

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

a)

Name

Premier Miton 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 financial instrument

Identification Code

Ordinary Shares of 0.02p each in Premier Miton Group plc

ISIN: GB00BZB2KR63

 

b)

Nature of the transaction

Vesting of nil cost contingent share award

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

400,000 Shares vested

55.7966 pence per share

200,402 Shares sold to cover tax liabilities

d)

Aggregated information

Aggregated volume

Price

400,000 Shares vested

200,402 Shares sold to cover tax liabilities

Total Price: £111,817.53

 

e)

Date of the transaction

13 March 2024

 

f)

Place of the transaction

London Stock Exchange (AIMX)

 

 

 

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)

Bruce Garrow / Ben Griffiths / Virginia Bull / Harry Hargreaves

 

 

 

020 7597 4000

 

Edelman Smithfield Consultants (Financial PR)

John Kiely / Latika Shah

 

 

07785 275665/

07950 671948

 

 

 

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

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHDXLFFZXLFBBE