14 Sep 2020 16:10
14 September 2020
Sanne Group plc
(Sanne or the Company)
Director/PDMR Shareholding
On 11 September 2020 the Company was notified that Mark Law, Chief Commercial Officer, acquired 7,059 shares which vested under the terms of award granted as part of the Company's 2017 Restricted Share Award.
No consideration was paid for the shares, which have vested following the satisfaction of performance conditions set by the Remuneration Committee of the Company. Mark elected not to sell shares in order to satisfy the associated tax liability.
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Mark Law | |
2. | Reason for the notification | ||
(a) | Position/status | Chief Commercial Officer and PDMR | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Sanne Group plc | |
(b) | LEI | 2138005UBLKEZRITH576 | |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
(a) | Description of the Financial Instrument | Ordinary shares of £0.01 each ISIN: JE00BVRZ8S85 | |
(b) | Nature of the transaction | Vesting of shares under the Sanne Group plc Performance Share Plan. | |
(c) | Price(s) and volume(s) | Exercise of shares vested under the Sanne Group plc 2017 Restricted Share Award | |
Price(s) - Nil | Volume(s) - 7,059 | ||
| |||
(d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A (single transaction) | N/A (single transaction) | ||
| |||
(e) | Date of the transaction | 2020-09-11 | |
(f) | Place of the transaction | London Stock Exchange (XLON) | |
Enquiries:
Sanne Group plc | |
Ian Portal, Company Secretary | +44 (0) 20 3327 9720 |
About Sanne
Sanne is a leading global provider of alternative asset and corporate services. Established for over 30 years and listed on the Main Market of the London Stock Exchange and a member of the FTSE 250 index, Sanne employs more than 1,800 people worldwide and administers structures and funds that have in excess of £250 billion of assets.
Key clients include alternative asset managers, financial institutions, family offices and corporates.
SANNE operates from a global network of offices located in leading financial jurisdictions, which are spread across the Americas, Europe, Africa and Asia-Pacific.
www.sannegroup.com