REG - Premier Miton Group - Completion of acquisition and Issue of Equity

Premier MitonAnnouncement

11/03/2025 07:15

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RNS Number : 0900A  Premier Miton Group PLC  11 March 2025

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

 

 

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