LONDON (Alliance News) - Sanne Group PLC Wednesday said said a group consisting of non-executives and senior managers bought shares following the company's share placing and open offer.
Non-executive directors Rupert Robson, Andy Pomfret and Nicola Palios bought 2,082 shares, 3,333 shares and 499 shares respectively. They now hold 14,582 shares, 53,333 shares and 5,499 shares.
Head of Client Services Zena Couppey bought 37,000 shares, Head of Human Resources Kate Windall bought 4,082 shares, and Chief Compliance Officer David Oliver bought 92 shares. They now hold 1.2 million shares, 179,811 shares and 1,472 shares respectively.
Last week Sanne Group said it secured 71% valid acceptances for the open offer launched alongside a firm placing to back the acquisition of International Financial Services Ltd and IFS Trustees.
Sanne, which provides corporate and fund administration services, said IFS is a Mauritius-based fund administration business which provides a range of products and services to manage and administer offshore structures.
To back the deal, Sanne said it would raise GBP94.5 million via an open offer. It issued 11.6 million shares via the firm placing, at 490.00 pence per share, and offered up to 7.7 million shares in the open offer.
The stock was flat at 624.00p Wednesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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