16th Nov 2018 11:09
Sanne Group PLC
16 November 2018
Sanne Group plc
("SANNE" or "the Company")
Director/PDMR Shareholding
In accordance with the requirements of Market Abuse Regulation Article 19, the Company announces that on 14 November 2018, Jeffrey Hahn, a PDMR of SANNE, was issued 437,762 ordinary shares of £0.01 each (the "Issue"). The Issue represents the second tranches of both the initial consideration and the deferred consideration payable to Jeffrey Hahn, which were part payable in SANNE shares, for the Company's acquisition of FLSV Fund Administration Services LLC which completed on 1 November 2016.
In addition, the Company announces that it was notified on 15 November 2018 that Jeffrey Hahn had completed a partial sale of his shareholdings. Jeffrey disposed of 106,373 shares in the Company, primarily to meet tax obligations pursuant to the Issue. Following these transactions, Jeffrey has a net increase of 331,389 shares in his holdings in the Company.
1. | Details of the person discharging managerial responsibilities/person closely associated | |||
(a) | Name | Jeffrey Hahn | ||
2. | Reason for the notification | |||
(a) | Position/status | Managing Director 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 | Issue of consideration shares
| ||
(c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
£4.686 | 437,762 | |||
(d) | Aggregated information
| Aggregated price | Aggregated volume | |
N/A (single transaction) | N/A (single transaction) | |||
(e) | Date of the transaction | 2018-11-14 | ||
(f) | Place of the transaction | Outside a trading venue | ||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||
(a) | Name | Jeffrey Hahn | ||
2. | Reason for the notification | |||
(a) | Position/status | Managing Director 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 | Sale of shares | ||
(c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
£6.15 | 106,373 | |||
(d) | Aggregated information
| Aggregated price | Aggregated volume | |
N/A (single transaction) | N/A (single transaction) | |||
(e) | Date of the transaction | 2018-11-15 | ||
(f) | Place of the transaction | London Stock Exchange - XLON | ||
For and on behalf of Sanne Group plc
Enquiries: Sanne Group plc Ian Portal, Company Secretary
|
+44 (0) 20 3911 1048 |
Tulchan Communications LLP Tom Murray / David Ison
| +44 (0) 20 7353 4200 |
Notes:
About SANNE
SANNE is a leading global provider of alternative asset and corporate services.
Established for over 30 years and listed as a FTSE 250 company on the Main Market of the London Stock Exchange, SANNE employs more than 1,300 people worldwide and administers structures and funds that have in excess of £200 billion of assets.
SANNE delivers tailored fiduciary services to a highly valued international client base through a global network of offices located in 17 leading financial jurisdictions which are spread across the Americas, EMEA and Asia-Pacific.
Clients are serviced through regional businesses which are led by managing directors with extensive asset class and market experience. They in turn are supported by multifunctional and skilled teams of professionally qualified people who are aligned to the specific requirements of each client, across one accredited platform.
SANNE's leads in the provision of fund and corporate administration, AIFMD depositary and AIFM management company services. Specialist expertise exists in private debt and capital markets, real estate, private equity, hedge, corporate, executive incentives, private client and investment treasury services.
Key clients include leading alternative asset managers, global financial institutions, family offices, UHNWIs and international corporates.
sannegroup.com
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