Source - RNS
RNS Number : 6637K
AIM
23 September 2016
 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

 

COMPANY NAME:

Premier Asset Management Group PLC (together with its subsidiaries, the "Group")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Eastgate Court, High Street, Guildford, GU1 3DE, UK

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

https://www.premierfunds.co.uk/corporate

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

The Group is a fast-growing and profitable UK retail asset management group with a focus on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity and absolute return funds. The Group has a particular focus on multi-asset and income investment management, which addresses strong retail investor demand in these sectors. The Group has a significant presence as a multi-asset fund manager in the UK retail funds market based on net sales and AUM.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Number of ordinary shares to be admitted: TBC

Nominal value of ordinary shares: 0.02 pence each 

Placing price per ordinary share: TBC

There are no shares to be held in treasury

There are no restrictions on the transfer of ordinary shares

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised on admission: TBC

Market capitalisation on admission: TBC

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Michael (Mike) Andrew Vogel (Non-Executive Chairman)

Michael (Mike) Patrick O'Shea (Chief Executive Officer)

Neil Macpherson  (Group Finance Director)

Robert Charles Lumsden Colthorpe (Senior Independent Non-Executive Director)

William (Will) Longden Smith (Non-Executive Director)

Luke Anton Wiseman (Non-Executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

 

 

Before Admission

After Admission

Shareholder

%

%

Queripel Partners LP (1)

50.3%

TBC

Electra Private Equity Partners 2006 Scottish LP and Electra Private Equity Partners 2012 LP

24.7%

TBC

Eastgate Court Nominees Limited

8.8%

TBC

Michael Patrick O'Shea (2)*

5.9%

TBC

Southbrook Group Limited

4.4%

TBC

Michael Andrew Vogel (3)

4.1%

TBC

David Hambidge (2)*

3.3%

TBC

(1) The interest of Queripel Partners includes 3.1% of the issued share capital held by Eastgate Court Nominees and all of the holding of Southbrook Group Limited. (2) Interest stated including certain holdings through Eastgate Court Nominees Limited (3) Direct holding shown, in addition Mr Vogel and members of his family are direct or indirect investors in The Elcot Fund which is entitled to 50% of the interest of Queripel Partners shown above.

* Includes indirect holdings in the names of their respective spouses

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)          DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 30 September

(ii) 30 June 2016 (unaudited interim results)

(iii) 31 March 2017 (final results for the year ended 30 September 2016)

      30 June 2017 (interim results for the six months ended 31 March 2017)

      31 March 2018 (final results for the year ended 30 September 2017)

EXPECTED ADMISSION DATE:

Early-mid October

NAME AND ADDRESS OF NOMINATED ADVISER:

Stifel Nicolaus Europe Limited

150 Cheapside

London EC2V 6ET

NAME AND ADDRESS OF BROKER:

Stifel Nicolaus Europe Limited

(trading as "Keefe, Bruyette & Woods" or "KBW")

150 Cheapside

London EC2V 6ET

 

Numis Securities Limited

The London Stock Exchange

10 Paternoster Square

London EC4M 7LT

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The admission document containing full details about the Group and the admission of its ordinary shares will be available (following admission) from the registered office of the Group, being Eastgate Court, High Street, Guildford, GU1 3DE, UK and will also be available for download from the Group's website.

The admission document will contain full details regarding the Group and the admission of its securities.

DATE OF NOTIFICATION:

23 September 2016

NEW/ UPDATE:

NEW

 


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The company news service from the London Stock Exchange
 
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