Miton Group Plc Exchange of shares under the Growth Share Plan (8885Q)
December 05 2016 - 1:46AM
UK Regulatory
TIDMMGR
RNS Number : 8885Q
Miton Group Plc
05 December 2016
5 December 2016
Miton Group plc ("the Company")
EXCHANGE OF SHARES UNDER THE GROWTH SHARE PLAN, ADDITIONAL
LISTING AND TOTAL VOTING RIGHTS
Director dealings and Exchange of shares under Growth Share
Plan
Miton Group plc (AIM: MGR.LN), the AIM quoted fund management
company, announces that Gervais Williams, a director of the
Company, has elected to exercise his right to exchange 40 FMU B
Growth Shares in Miton Group Service Company Ltd ("Growth Shares")
for ordinary shares in the Company ("Shares"). The Growth Shares
vested on the date of the publication of the half year report of
the Company, being 22 September 2016. The terms governing the
exchange of the Growth Shares into shares in the Company are
detailed within the circular dated 22 October 2013.
As a result of the exchange of Growth Shares to Shares on 2
December 2016, the Company has allotted 2,642,760 Shares at a price
of 28.75p per share. Under the terms of the scheme the shares are
to be held by the individual for a period of 12 months from the
date of the issue of the shares although this period may be reduced
at the discretion of the Board.
The new Shares will rank pari passu with the Company's existing
issued Shares.
PDMR transaction disclosures required under the Market Abuse
Regulation are as summarised below:
PDMR Allotted Total holding % of current
following issued shares
notification
------------------ ---------- -------------- ---------------
Gervais Williams 2,642,760 11,756,704 6.62%
------------------ ---------- -------------- ---------------
Additional Listing
Application will be made for the 2,642,760 Shares to be admitted
to trading on the AIM Market ("Admission"). Admission is expected
on or around 8 December 2016 and following Admission the Company's
enlarged issued share capital will comprise 177,528,174 Shares. Of
these 40,969 are held in Treasury.
Total Voting Rights
The total voting rights of the Company are 177,487,205 Shares
and this figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
For further information, please contact:
Miton Group plc
Roger Bennett
Tel: 020 3714 1500
Peel Hunt LLP (Nominated Adviser and Broker)
Guy Wiehahn / Rishi Shah
Tel: 020 7418 8900
Web: www.mitongroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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