Miton Group Plc Exchange of shares under the Growth Share Plan (9371T)
October 18 2017 - 3:37AM
UK Regulatory
TIDMMGR
RNS Number : 9371T
Miton Group Plc
18 October 2017
18 October 2017
Miton Group plc ("the Company")
EXCHANGE OF SHARES UNDER THE GROWTH SHARE PLAN, ADDITIONAL
LISTING AND TOTAL VOTING RIGHTS
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 rights to exchange 40 FMU B
Growth Shares in Miton Group Service Company Ltd ("Growth Shares")
for ordinary shares ("Shares") in the Company.
Martin Turner, an employee, has elected to exercise his rights
to exchange 60 FMU B Growth Shares in Miton Group Service Company
Ltd ("Growth Shares") for ordinary shares ("Shares") in the
Company. Following the exchange Mr Turner will exercise voting
rights over more than 3% of the Shares in the Company.
The Growth Shares vested on the date of the publication of the
half year report of the Company, being 21 September 2017. 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 requests to exchange Growth Shares, the
Company has allotted 10,260,200 Shares at a price of 40.5p per
Share. Under the terms of the scheme the Shares are to be held by
the individuals 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. This exchange represents the entirety of
the second of the three tranches under the Growth Share Plan.
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 4,104,080 15,869,519 8.76%
------------------ ---------- -------------- ---------------
Martin Turner 6,156,120 10,140,472 5.60%
------------------ ---------- -------------- ---------------
Additional Listing
Application will be made for the 10,260,200 Shares to be
admitted to trading on the AIM Market ("Admission"). Admission is
expected on 23 October 2017, and following Admission the Company's
enlarged issued share capital will comprise 181,181,474 Shares. Of
these 16,726 are held in Treasury.
Total Voting Rights
The total voting rights of the Company are 181,164,748 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.
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------
a) Name Gervais Williams
---- ----------------------------- ---------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------
a) Position/status Director
---- ----------------------------- ---------------------------------------
b) Initial notification Initial
/Amendment
---- ----------------------------- ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------
a) Name Miton Group plc
---- ----------------------------- ---------------------------------------
b) LEI 2138004UNDYXLICL8H10
---- ----------------------------- ---------------------------------------
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 Miton Group Plc Ordinary Shares
the financial 0.1p
instrument, type
of instrument
----
Identification GB00B01WR582
code
b) Nature of the Exchange of 40 FMU B Growth
transaction Shares in Miton Group Service
Company Ltd for ordinary shares
in the Company.
---- ----------------------------- ---------------------------------------
c) Price(s) and volume(s)
---- ------------------- ---------------
Allocation Volume
cost
---- ------------------ ---------------
40.5p 4,104,080
---------------------------------- ------------------ ---------------
d) Aggregated information
----
- Aggregated volume 4,104,080
- Price Allocation cost: 40.5p
e) Date of the transaction (i) 17 October 2017
---- ----------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
---- ----------------------------- ---------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------
a) Name Martin Turner
---- ----------------------------- ---------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------
a) Position/status Portfolio manager
---- ----------------------------- ---------------------------------------
b) Initial notification Initial
/Amendment
---- ----------------------------- ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------
a) Name Miton Group plc
---- ----------------------------- ---------------------------------------
b) LEI 2138004UNDYXLICL8H10
---- ----------------------------- ---------------------------------------
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 Miton Group Plc Ordinary Shares
the financial 0.1p
instrument, type
of instrument
----
Identification GB00B01WR582
code
b) Nature of the Exchange of 60 FMU B Growth
transaction Shares in Miton Group Service
Company Ltd for ordinary shares
in the Company.
---- ----------------------------- ---------------------------------------
c) Price(s) and volume(s)
---- ------------------- ---------------
Allocation Volume
cost
---- ------------------ ---------------
40.5p 6,156,120
---------------------------------- ------------------ ---------------
d) Aggregated information
----
- Aggregated volume 6,156,120
- Price Allocation cost: 40.5p
e) Date of the transaction (ii) 17 October 2017
---- ----------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
---- ----------------------------- ---------------------------------------
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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