Business
Employee Share Incentive Plan
Employee Share Incentive Plan.
About this update from Premier Miton Group Plc
[{"type":"text","content":"\n \nRNS Number : 2160A Premier Miton Group PLC 17 January 2020 \n\n17 January 2020\nPremier Miton Group plc\n(\"Premier Miton\" or the \"Company\")\nEmployee Share Incentive Plan\n \nPremier Miton Group plc (AIM: PMI) is pleased to announce that it has adopted a Share Incentive Plan ('SIP') under which eligible employees may participate. \nThe purpose of the SIP is to provide employees with the opportunity to acquire ordinary shares of 0.02 pence each in the Company ('Shares') in a tax-effective way, in accordance with the provisions for such employee share plans as set out in Schedule 2 to ITEPA 2003. It is anticipated that the first purchase will be made in early February 2020.\nThe SIP is constituted by a Trust Deed and Rules. It will be administered by Global Shares Trustees (UK) Limited, a company registered in England and Wales under number 10432763 whose registered office is at No 1 Bengal Court, Birchin Lane, London EC3V 9DD.\nUnder the SIP, UK based employees will have the opportunity to acquire Partnership Shares, Matching Shares, on the basis of one Matching Share for every Partnership Share bought, and Dividend Shares. In addition, the Company may, if it so decides, award Free Shares to eligible employees up to £3,000 each tax year.\nDirectors and Applicable Employees (as defined by the AIM Rules for Companies) will be prohibited from joining the SIP and from changing or cancelling their participation in any Close Period (as defined by the AIM Rules for Companies) and in accordance with the Market Abuse Regulations ('MAR').\nEnquiries:\n \n\n\n\nPremier Miton Group plc\n\n\nTel: 01483 306090\nMike O'Shea\n \n\n\n\n\nNumis Securities Limited\n(NOMAD and Broker)\n\n\nTel: 020 7260 1000\nKevin Cruickshank\nCharles Farquhar\nHuw Jeremy\n \n\n\n\n\nLiberum Capital Limited\n(Joint Broker)\n\n\nTel: 020 3100 2000\nRichard Crawley\nJamie Richards\n \n\n\n\n\nSmithfield Consultants\n(Financial PR)\n\n\nTel: 020 3047 2544\nJohn Kiely\nAndrew Wilde\n\n\n\n \n \n \nNote to editors \nAbout Premier Miton\nPremier Miton is focused on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity, absolute return and fixed income. The Company had assets under manage...