11 March 2025
Premier
Miton Group plc
('Premier
Miton' or the 'Company')
Completion of acquisition
and
Issue of
Equity
Premier Miton Group plc (AIM: PMI)
today announces that following the first anniversary of the
completion of the acquisition of Tellworth Investments
LLP, the details of which are as described
in the announcement of 1 November 2023 and
its intention to allot new shares in the capital of the Company in
fulfilment of the Additional Consideration that falls
due.
The Assets under Management managed by the
Tellworth team between completion and the first anniversary of
completion have grown by £227m to £698m. The Additional
Consideration due of £1.79m is to be satisfied as to
£1.11m in cash and 1,205,392 new ordinary shares
of 0.02 pence each (the 'New Shares')
which are to be held until three years from the date of
completion, further announcements will be made if further
consideration becomes payable.
An application has been
made to the London Stock Exchange for 1,205,392 New Shares to be
admitted to trading on AIM (the 'Admission'). It is expected that
Admission will be effective at 8.00 a.m. on 14 March 2025.
At Admission, the New Shares
will rank pari passu with
the existing ordinary shares of the Company.
Total Voting
Rights
Following Admission of the New
Shares, the Company's issued share capital will consist of
163,285,959 ordinary shares. There are no ordinary shares held in
treasury, therefore, the total number of voting rights in the
Company will be 163,285,959, being the denominator for Shareholders
to calculate their interest in, or changes to their interest in the
Company under the FCA's Disclosure and Transparency
Rules.
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)
David Anderson / Ben Griffiths / St
John Hunter
|
020 7597 4000
|
|
Camarco
Geoffrey Pelham-Lane / Ben
Woodford
|
07733 124 226 /
07990 653 341
|
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
