TIDMPAM

RNS Number : 1456V

Premier Asset Management Group PLC

26 January 2017

26 January 2017

Premier Asset Management Group PLC

("Premier" or the "Company")

Quarterly Interim Dividend

Premier Asset Management Group PLC (AIM: PAM) today announces details of its first quarterly interim dividend since its admission to AIM in October 2016.

The Board of Premier has approved the payment of an interim dividend of 1.25 pence per share, which will be paid on 3 March 2017 to shareholders who are on the register as at the close of business on 3 February 2017.

The dividend is for the Company's first quarter of its financial year covering the three month period ended 31 December 2016.

Dividend policy

As detailed in the Company's admission document, dated 4 October 2016, the Directors intend to adopt a progressive dividend policy to reflect the expectation of future cash flow generation and the long--term earnings potential of Premier.

As part of its policy, the Company expects to pay three smaller dividends, representing approximately half the estimated total dividend for the full financial year, followed by a larger, final dividend.

Enquiries:

 
 Premier Asset Management    Tel: 01483 306090 
  Group PLC                   Mike O'Shea 
--------------------------  ------------------- 
 Stifel Nicolaus Europe      Tel: 0207 710 7600 
  Limited (Nomad and Joint    Gareth Hunt 
  Broker)                     Stewart Wallace 
--------------------------  ------------------- 
 Numis Securities Limited    Tel: 020 7260 1000 
  (Joint broker)              Andrew Holloway 
                              Charles Farquhar 
--------------------------  ------------------- 
 Smithfield Consultants      Tel: 020 7360 4900 
  (Financial PR)              John Kiely 
                              Andrew Wilde 
--------------------------  -------------------

Note to editors

About Premier

Premier is a fast-growing 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 GBP5.2 billion of assets under management as at 31 December 2016.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 26, 2017 02:01 ET (07:01 GMT)

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