Premier Asset Management Gains Court Sanction For Miton Merger

(Alliance News) - Premier Asset Management Group PLC said Thursday its merger with peer Miton ...

Alliance News 14 November, 2019 | 12:15PM
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(Alliance News) - Premier Asset Management Group PLC said Thursday its merger with peer Miton Group PLC has been granted a court sanction, which marks the fulfilment of all conditions.

This transaction, which would create a business with assets of over GBP11 billion, was first announced in mid-September.

Miton's shares have been suspended on Thursday, and will be cancelled on Friday.

As a result of the merger, Premier Asset Management has appointed Miton Chief Operating Officer Piers Harrison as finance director and Miton Non-Executive Director Katrina Hart to the same role at Premier, with immediate effect.

They will replace Non-Executive Directors Luke Wiseman and Neil Macpherson, who have resigned.

Shares in Premier AM - which is headquartered in Surrey - were down 0.6% at 180.00 pence on Thursday in London.

By Dayo Laniyan;

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Miton Group PLC
Premier Asset Management Group PLC 108.38 GBX 1.76 -

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