Premier Miton Executives Receive Vested LTIP Share Awards

The latest update is out from Premier Asset Management ( (GB:PMI) ).

Premier Miton Group plc has reported that long-term incentive plan awards granted in June 2022 have vested for Chief Executive Officer Mike O’Shea and Chief Financial Officer Piers Harrison, resulting in the automatic exercise of 81,154 nil-cost share awards via the company’s Employee Benefit Trusts. Following the vesting and a partial share sale by Harrison to cover tax and National Insurance liabilities, O’Shea’s holding has risen to 4,549,508 shares (about 2.79% of issued capital) and Harrison’s to 370,230 shares (about 0.23%), underscoring continued senior management equity alignment while having no direct impact on the company’s capital structure, as all shares were sourced from existing trusts.

The most recent analyst rating on (GB:PMI) stock is a Hold with a £54.00 price target. To see the full list of analyst forecasts on Premier Asset Management stock, see the GB:PMI Stock Forecast page.

Spark’s Take on GB:PMI Stock

According to Spark, TipRanks’ AI Analyst, GB:PMI is a Neutral.

The overall stock score reflects a combination of mixed financial performance, bearish technical indicators, and high valuation concerns. The strong dividend yield is a positive factor but is outweighed by the challenges in profitability and cash flow generation.

To see Spark’s full report on GB:PMI stock, click here.

More about Premier Asset Management

Premier Miton Group plc, trading as Premier Miton Investors, is a UK-based asset manager focused on delivering investment outcomes through actively managed, relevant products across a range of strategies, including equity, fixed income, multi-asset and absolute return funds.

Average Trading Volume: 358,467

Technical Sentiment Signal: Sell

Current Market Cap: £90.31M

Learn more about PMI stock on TipRanks’ Stock Analysis page.