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Director/PDMR Shareholding

30th Apr 2021 15:43

RNS Number : 2894X
Sanne Group PLC
30 April 2021
 

30 April 2021

 

Sanne Group plc

(Sanne or the Company)

 

Grant of share awards

 

Sanne, a leading global provider of alternative asset and corporate services, announces that on 29 April 2021 awards over ordinary shares of 0.01p each in the Company were made to certain persons discharging managerial responsibilities (PDMRs).

 

2021 Performance Share Plan (PSP)

 

The following PDMRs were awarded ordinary shares under the Company's 2021 PSP with a grant date of 29 April 2021: Martin Schnaier; James Ireland; James Bermingham; Jason Bingham; Andrew Jones; Kevin Lazeris; Marie Measures; Peter Nagle; and Cindy Peters.

 

No consideration was paid for the grant of the awards which are structured as conditional share awards.

 

The vesting of an award is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company. The awards will normally vest on the later of the third anniversary of grant and the determination of the performance conditions. The shares awarded to Martin Schnaier and James Ireland (the Executive Directors) will be subject to a further two-year holding period from the date the awards vest.

 

2020 Annual Bonus Plan (ABP)

 

In addition, Martin Schnaier and James Ireland have been awarded deferred shares under the Company's 2020 ABP also with a grant date of 29 April 2021.

 

Ordinarily, the ABP is comprised of 50% cash element and 50% deferred shares which vest after a three-year period. As disclosed in the Company's Annual Report and Accounts 2020, the Remuneration Committee and the Executive Directors agreed for the full 2020 ABP award to be delivered in deferred shares. This decision will strengthen the longer-term alignment of interest between both Executive Directors and our shareholders, and help the Chief Financial Officer more quickly achieve the required level of shareholding under Sanne's Directors' Remuneration Policy.

 

Restricted Share Award

 

Also, the following PDMRs were awarded restricted share awards, also with a grant date of 29 April 2021, in lieu of their 2020 annual bonus: James Bermingham; Jason Bingham; Andrew Jones; Kevin Lazeris; Marie Measures; Peter Nagle; and Cindy Peters.

 

As disclosed in the Company's Annual Report and Accounts 2020, the Company agreed to extend the share-based deferral of the annual bonus to the senior management below board level. The awards will vest on the second anniversary of the grant.

 

 

Finally, James Ireland has 1952 restricted shares and related 131dividend shares vesting on 30 April 2021,.

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Martin Schnaier

2.

Reason for the notification

(a)

Position/status

Chief Executive 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

Grant of shares under the Sanne Group plc Performance Share Plan

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

125,292

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Martin Schnaier

2.

Reason for the notification

(a)

Position/status

Chief Executive 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

Grant of shares under the Sanne Group plc Annual Bonus Plan

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

36,545

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

James Ireland

2.

Reason for the notification

(a)

Position/status

Chief Financial 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

Grant of shares under the Sanne Group plc Performance Share Plan

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

97,053

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

James Ireland

2.

Reason for the notification

(a)

Position/status

Chief Financial 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

Grant of shares under the Sanne Group plc Annual Bonus Plan

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

28,308

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

James Ireland

2.

Reason for the notification

(a)

Position/status

Chief Financial 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 restricted shares award and related dividend shares granted to him on 28 June 2018 in respect of the buy-out of remuneration forfeited on leaving his previous employment.

 

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

1952

131 (dividend)

(d)

Aggregated information

 

Aggregated price

Aggregated volume

Nil

2083

(e)

Date of the transaction

2021-04-30

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

James Bermingham

2.

Reason for the notification

(a)

Position/status

General Counsel 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

Grant of shares under the Sanne Group plc Performance Share Plan

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

24,675

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

James Bermingham

2.

Reason for the notification

(a)

Position/status

General Counsel 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

Grant of a restricted share award in lieu of the 2020 annual bonus

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,628

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Jason Bingham

2.

Reason for the notification

(a)

Position/status

Chief Strategy 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

Grant of shares under the Sanne Group plc Performance Share Plan

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

30,118

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Jason Bingham

2.

Reason for the notification

(a)

Position/status

Chief Strategy 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

Grant of a restricted share award in lieu of the 2020 annual bonus

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,628

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Andrew Jones

2.

Reason for the notification

(a)

Position/status

Chief Risk 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

Grant of shares under the Sanne Group plc Performance Share Plan

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

21,203

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Andrew Jones

2.

Reason for the notification

(a)

Position/status

Chief Risk 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

Grant of a restricted share award in lieu of the 2020 annual bonus

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,628

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Kevin Lazeris

2.

Reason for the notification

(a)

Position/status

Group Head of Compliance 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

Grant of shares under the Sanne Group plc Performance Share Plan

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

21,082

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Kevin Lazeris

2.

Reason for the notification

(a)

Position/status

Group Head of Compliance 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

Grant of a restricted share award in lieu of the 2020 annual bonus

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,628

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Marie Measures

2.

Reason for the notification

(a)

Position/status

Chief Technology 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

Grant of shares under the Sanne Group plc Performance Share Plan

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

24,094

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Marie Measures

2.

Reason for the notification

(a)

Position/status

Chief Technology 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

Grant of a restricted share award in lieu of the 2020 annual bonus

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,628

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Peter Nagle

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

Grant of shares under the Sanne Group plc Performance Share Plan

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

26,383

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Peter Nagle

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

Grant of a restricted share award in lieu of the 2020 annual bonus

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,628

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Cindy Peters

2.

Reason for the notification

(a)

Position/status

Chief Human Resources 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

Grant of shares under the Sanne Group plc Performance Share Plan

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

24,094

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Cindy Peters

2.

Reason for the notification

(a)

Position/status

Chief Human Resources 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

Grant of a restricted share award in lieu of the 2020 annual bonus

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,628

(d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A (single transaction)

N/A (single transaction)

(e)

Date of the transaction

2021-04-29

(f)

Place of the transaction

Outside a trading venue

 

 

For and on behalf of Sanne Group plc

 

 

Enquiries

 

 

Sanne Group plc

Ian Portal, Company Secretary

 

 

+44 (0) 20 3327 9720

Notes

 

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 1,900 people worldwide and administers structures and funds that have in excess of £465 billion of assets.

 

Key clients include alternative asset managers, financial institutions, family offices, ultra-high net-worth individuals 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

 

LEI Code: 2138005UBLKEZRITH576

 

 

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END
 
 
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