TIDMMGR

RNS Number : 8885Q

Miton Group Plc

05 December 2016

5 December 2016

Miton Group plc ("the Company")

EXCHANGE OF SHARES UNDER THE GROWTH SHARE PLAN, ADDITIONAL LISTING AND TOTAL VOTING RIGHTS

Director dealings and Exchange of shares under Growth Share Plan

Miton Group plc (AIM: MGR.LN), the AIM quoted fund management company, announces that Gervais Williams, a director of the Company, has elected to exercise his right to exchange 40 FMU B Growth Shares in Miton Group Service Company Ltd ("Growth Shares") for ordinary shares in the Company ("Shares"). The Growth Shares vested on the date of the publication of the half year report of the Company, being 22 September 2016. The terms governing the exchange of the Growth Shares into shares in the Company are detailed within the circular dated 22 October 2013.

As a result of the exchange of Growth Shares to Shares on 2 December 2016, the Company has allotted 2,642,760 Shares at a price of 28.75p per share. Under the terms of the scheme the shares are to be held by the individual for a period of 12 months from the date of the issue of the shares although this period may be reduced at the discretion of the Board.

The new Shares will rank pari passu with the Company's existing issued Shares.

PDMR transaction disclosures required under the Market Abuse Regulation are as summarised below:

 
 PDMR                Allotted    Total holding    % of current 
                                   following      issued shares 
                                  notification 
------------------  ----------  --------------  --------------- 
 Gervais Williams    2,642,760    11,756,704         6.62% 
------------------  ----------  --------------  ---------------

Additional Listing

Application will be made for the 2,642,760 Shares to be admitted to trading on the AIM Market ("Admission"). Admission is expected on or around 8 December 2016 and following Admission the Company's enlarged issued share capital will comprise 177,528,174 Shares. Of these 40,969 are held in Treasury.

Total Voting Rights

The total voting rights of the Company are 177,487,205 Shares and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

Miton Group plc

Roger Bennett

Tel: 020 3714 1500

Peel Hunt LLP (Nominated Adviser and Broker)

Guy Wiehahn / Rishi Shah

Tel: 020 7418 8900

Web: www.mitongroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

ALSUSRSRNOAURAA

(END) Dow Jones Newswires

December 05, 2016 02:46 ET (07:46 GMT)

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