28 June 2016
Miton Group plc Director dealingsMiton Group plc (AIM:MGR.LN) announces that yesterday the undermentioned directors of the Company purchased ordinary shares of 0.1 pence each ("Shares") at an allocation cost of 22.75p pence per Share as "partnership shares" under the Company's Share Incentive Plan. The purchases were undertaken by the trustee of the Company's Share Incentive Plan, Miton ESOP Trustee Ltd, a UK registered company, on behalf of the individuals and the Shares were purchased in the open market. Allocation cost is calculated on the basis of closing mid-market price on the day before the acquisition.
In connection with these purchases on the same date the directors were awarded Shares as "matching shares" under the Company's Share Incentive Plan. No consideration was paid by the grantees for the award of the matching shares and no consideration is due on the release of the matching shares.
The risk of forfeiture attached to the matching shares will normally be removed on the third anniversary of allocation subject to continued employment and the retention of the Partnership shares in connection with which they were awarded.
All the above transactions are summarised below:
Director | Partnership shares acquired | Matching shares awarded | Total holding following notification | % of current issued shares |
Gervais Williams | 660 | 660 | 9,108,494 | 5.33% |
Ian Dighé | 659 | 659 | 1,009,085 | 0.59% |
Piers Harrison | 660 | 660 | 81,115 | 0.05% |
Ian Chimes | 659 | 659 | 1,924,037 | 1.13% |
ENDS
For further information, please contact: Miton Group plc | |
Roger Bennett (Company Secretary) | 020 3714 1500 |
Peel Hunt (Nominated adviser and Broker) Guy Wiehahn | 020 7418 8893 |
www.mitongroup.com |
Miton Group plc published this content on 28 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 June 2016 12:35:02 UTC.
Original documenthttp://www.mitongroup.com/downloads/corporate/shareholder_communications/2016/CS_MGR_Announcement_SIP_PDMR_28 06 16.pdf
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