Premier Asset Management Group PLC Director/PDMR Shareholding (6434U)
July 13 2018 - 9:18AM
UK Regulatory
TIDMPAM
RNS Number : 6434U
Premier Asset Management Group PLC
13 July 2018
13 July 2018
Premier Asset Management Group PLC
("Premier" or the "Company")
Grant of retention awards to PDMRs and other employees
Premier Asset Management Group PLC (AIM: PAM) today announces
that it has awarded grants, subject to certain retention
arrangements, of nil-cost contingent share rights (the "Awards")
over ordinary shares of 0.02p each in Premier ("Shares") as
detailed below.
Grant of Awards
In order to ensure that appropriate retention arrangements are
in place for its senior management team, the Company has elected to
make certain awards out of a proportion of the existing shares
contained within the Company's Employee Benefit Trust. The Employee
Benefit Trust currently holds 3,242,830 ordinary shares in the
Company, representing 3.07% of the issued ordinary share capital.
The Company has a separate LTIP scheme to grant share awards to
certain employees and directors of the Company, though to date this
has not been used.
On 10(th) July 2018, Premier granted Awards over a total of
968,333 Shares held within the Employee Benefit Trust, to certain
Persons Discharging Managerial Responsibilities ("PDMRs") and other
employees. From this, a total of 415,000 Shares were awarded to the
two individuals who are regarded as PDMRs, details of which are set
out below.
Vesting of the Awards is subject to continued employment and
malus and clawback provisions. These Awards will vest on the third
anniversary of the date of grant, although they may vest earlier if
there is a change of control event or, in certain circumstances, if
a participant becomes a good leaver. The breakdown of the awards
made to PDMRs is as follows:
Executive Director Awards
Michael O'Shea 300,000
--------
Neil Macpherson 115,000
--------
Total 415,000,
--------
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Enquiries:
Premier Asset Management Group Tel: 01483 306090
PLC Mike O'Shea
Numis Securities Limited Tel: 020 7260 1000
(NOMAD and Broker) 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
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 GBP6.8 billion of assets under
management as at 30 June 2018.
LEI Number: 213800LK2M4CLJ4H2V85
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
(Disclosure in relation to award of ordinary shares)
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael O'Shea - Chief Executive Officer
-------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Executive Officer - classified
as PDMR of Premier Asset Management Group
PLC
-------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Premier Asset Management 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 Ordinary shares of 0.02p each in Premier
financial instrument, Asset Management Group PLC.
type of instrument ISIN: GB00BZB2KR63
Identification code
-------------------------- --------------------------------------------
b) Nature of the transaction Award of Ordinary Shares in Premier Asset
Management Group PLC, subject to a vesting
period
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Price- nil
Volume: 300,000
-------------------------- --------------------------------------------
d) Aggregated information n/a
-------------------------- --------------------------------------------
e) Date of the transaction 10(th) July 2018
-------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- --------------------------------------------
(Disclosure in relation to award of ordinary shares)
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Neil Macpherson - Group Finance Director
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Group Finance Director - classified
as PDMR of Premier Asset Management
Group PLC
-------------------------- -----------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Premier Asset Management 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 Ordinary shares of 0.02p each in Premier
financial instrument, Asset Management Group PLC.
type of instrument ISIN: GB00BZB2KR63
Identification code
-------------------------- -----------------------------------------
b) Nature of the transaction Award of Ordinary Shares in Premier
Asset Management Group PLC, subject
to a vesting period
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price- nil
Volume: 115,000
-------------------------- -----------------------------------------
d) Aggregated information n/a
-------------------------- -----------------------------------------
e) Date of the transaction 10(th) July 2018
-------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------
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
DSHBSGDRUBBBGIX
(END) Dow Jones Newswires
July 13, 2018 10:18 ET (14:18 GMT)
Premier Asset Management (LSE:PAM)
Historical Stock Chart
From Apr 2024 to May 2024
Premier Asset Management (LSE:PAM)
Historical Stock Chart
From May 2023 to May 2024