31 Oct 2017 07:00
31 October 2017
SANNE Group plc
("the Company") together with its subsidiaries ("the Group" or "SANNE")
ISSUE OF CONSIDERATION SHARES
Sanne announces that applications have been made to the FCA and the London Stock Exchange, respectively, for 477,567 Shares (the "Shares") to be admitted to the premium listing segment of the Official List and to trading on the Main Market. It is expected that admission of the shares will become effective and dealings in the Shares will commence at 8.00 a.m. on 1 November 2017.
The issue of equity relates to the Company's acquisition of FLSV Fund Administration Services LLC which completed on 1 November 2016. The Shares issued represent the element of the first tranche of the initial consideration which was part payable in Sanne shares. Of the Shares, 327,626 are to be issued to Jeffrey Hahn and 149,941 are to be issued to Brenda Grayson, both of whom are employed within Sanne's North American business. Jeffrey Hahn is considered a PDMR.
Following admission of the Shares the Company will have 141,608,934 Ordinary Shares of £0.01 each in issue of which 98,533 are held in treasury. Therefore, following Admission of the Consideration Shares the total number of voting rights in the Company will be 141,510,401 (the "Voting Rights Figure"), and this Voting Rights Figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.
This announcement contains inside information.
Enquiries:
Sanne Group plc Dean Godwin, Chief Executive Officer Spencer Daley, Chief Financial Officer
| +44 (0) 1534 722 787 |
Investec Bank plc Garry Levin / James Ireland Edward Thomas / Matt Lewis | +44 (0) 20 7597 5970 |
Tulchan Communications LLP Tom Murray Matt Low
|
+44 (0) 20 7353 4200
|
Notes:
SANNE provides administration, reporting and fiduciary services to leading alternative asset managers, financial institutions, family offices and corporates.
The Group employs more than 1,000 people worldwide and administers structures and funds that have in excess of £160 billion of assets.
The Group has a presence in 15 established strategic locations spread across the Americas, EMEA and Asia-Pacific.
SANNE is listed on the Main Market of the London Stock Exchange.
sannegroupplc.com
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Jeffrey Hahn
| |
2. | Reason for the notification | ||
(a) | Position/status | Senior Management Position
| |
(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 | |
(b) | Identification code of the Financial Instrument | JE00BVRZ8S85 | |
(c) | Nature of the transaction | Issue of consideration shares
| |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 468.6p | 327,626 |
|
|
| |
(e) | Aggregated information - Aggregated volume - Price |
327,626 shares
468.6p | |
(f) | Date of the transaction | 1 November 2017 | |
(g) | Place of the transaction | London Stock Exchange | |