Source - LSE Regulatory
RNS Number : 9812S
Sanne Group PLC
29 June 2018
 

29 June 2018

Sanne Group plc

("SANNE" or "the Company")

Director/PDMR Shareholding

The Company notifies that, on 28 June 2018, James Ireland, the Group's Chief Financial Officer with effect from 1 July 2018, was granted a conditional share award over the number of ordinary shares of 0.01 pence each in the Company ("Shares") listed below under an arrangement, in respect of the buy-out of remuneration forfeited on leaving his previous employment (the "Award").  The number of Shares subject to the conditional share award has been calculated using the average market prices over the three dealing days immediately prior to 14 May, the date Mr. Ireland joined the Company.

The Award is conditional on employment and will vest in tranches as set out below:

PDMR

No. of Shares under option

Vesting Date

James Ireland

2520

30 December 2018


4776

30 April 2019


4027

30 April 2020


1952

30 April 2021


1952

30 April 2022

Total

15,227


 

In addition, the Company announces that on 28 June 2018, awards over Shares were made to two persons discharging managerial responsibilities ("PDMRs") under the Company's performance share plan ("PSP"), as follows:

 

Name of PDMR

Number of Shares awarded under  PSP

James Ireland

36,851

Jackie Mclaughlin

11,055

 

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 Company was informed of the above transactions on 28 June 2018.

 

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation.

 

 

For and on behalf of Sanne Group plc

 

Enquiries:

 

Sanne Group plc

Ian Portal, Company Secretary

+44 (0)203 9111 048     

 

Tulchan Communications LLP


Tom Murray

Matt Low 

 

+44 (0) 20 7353 4200

 

 

Notes:

 

SANNE provides global administration, reporting and fiduciary services to leading alternative asset managers, financial institutions, family offices and corporates.

 

SANNE employs more than 1,200 people worldwide and administers structures and funds that have in excess of £200 billion of assets.

 

SANNE 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.

 

www.sannegroup.com

 

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 (with effect from 1 July 2018) 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

(b)

Nature of the transaction

Grant of  conditional shares and shares under the Sanne Group plc Performance Share Plan (PSP)

(c)

Price(s) and volume(s)

Price(s)

Volume(s)



Exercisable at nominal price of 0.01 pence per Share

15,227 (conditional)

36,851 (PSP)




(d)

Aggregated information

-           Aggregated volume

-           Price

52,078

 

Exercisable at nominal price of 0.01 pence per Share

(e)

Date of the transaction

2018-06-28

(f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Jackie Mclaughlin

2.

Reason for the notification

(a)

Position/status

Chief Compliance Officer

(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)

Nature of the transaction

Grant of  shares under the Sanne Group plc Performance Share Plan (PSP)

(c)

Price(s) and volume(s)

Price(s)

Volume(s)



Exercisable at nominal price of 0.01 pence per Share

11,055 (PSP)




(d)

Aggregated information

-           Aggregated volume

-           Price

11,055

 

Exercisable at nominal price of 0.01 pence per Share

(e)

Date of the transaction

2018-06-28

(f)

Place of the transaction

Outside a trading venue

 


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