22 January 2016
Miton Group plc (AIM:MGR.LN) announces that today the undermentioned directors of the Company purchased ordinary shares of 0.1 pence each ("Shares") at an allocation cost of 26.25p 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.
In addition the Company wishes to report that the previously reported total shareholding for two directors did not include the Shares allocated to the directors due to their participation in the Company's Dividend Reinvestment Plan ("DRIP"). The shares were purchased on behalf of the directors on 22 May 2015 at an allocation cost of 29p per Share.
All the above transactions are summarised below:
Director | Partnership shares acquired | Matching shares awarded | DRIP | Total holding following notification | % of current issued shares |
Gervais Williams | 572 | 572 | - | 9,102,217 | 5.33% |
Ian Dighé | 571 | 571 | - | 1,002,951 | 0.59% |
Piers Harrison | 572 | 572 | - | 74,838 | 0.04% |
Ian Chimes | 571 | 571 | 37,179 | 1,870,529 | 1.09% |
James Davies | - | - | 4,205 | 209,483 | 0.12% |
ENDS
For further information, please contact:
Roger Bennett (Company Secretary) 020 3714 1500
Peel Hunt (Nominated adviser and Broker)Guy Wiehahn 020 7418 8893
www.mitongroup.com
Miton Group plc issued this content on 2016-01-22 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-22 17:31:21 UTC
Original Document: http://www.mitongroup.com/downloads/corporate/shareholder_communications/2016/CS_MGR_Announcement_DRIP_PDMR_22 01 16.pdf