PREMIER MITON GROUP PLC

Regulatory Filings • Oct 3, 2014

National Storage Mechanism | Additional information

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RNS Number : 3517T

Miton Group Plc

03 October 2014

03 October 2014

Miton Group plc

Loss of institutional client mandate

Miton Group plc ("Miton"), the AIM quoted fund management group, today announces that following the announcement of the retirement of Bill Mott an institutional client has decided to terminate a UK equity income mandate run by the Group with effect from November 2014. Miton estimates this will reduce Group net revenues by £1.1m for the year ended 31 December 2015.  At 1 October 2014 this mandate amounted to £325.6m of assets under management.

The terms of the Sale and Purchase Agreement dated 3 July 2013 for the acquisition of PSigma Asset Management Holdings Limited and subsidiaries required a final deferred consideration payment of up to £3.75m to be payable after July 2015. In light of the above announcement it is unlikely any further payment under this agreement will be required.

ENDS

For further information, please contact:

Miton Group plc

Gervais Williams (Managing Director)                        07811 331824

Robert Clarke (Finance Director)                               07766 688983

Roger Bennett (Company Secretary)                         07971 828101

MHP Communications miton@mhpc.com

Gay Collins / Reg Hoare / Simon Hockridge              020 3128 8100

Peel Hunt (Nominated adviser and Broker)          

Guy Wiehahn                                                              020 7418 8893

www.mitongroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

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