Sanne Group PLC
13 November 2018
Sanne Group plc
("SANNE" or "the Company")
Issue of Equity
SANNE announces that applications have been made to the FCA and the London Stock Exchange, respectively, for 636,656 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 on or around 8.00 a.m. on 14 November 2018.
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 second tranches of both the initial consideration and the deferred consideration, which were part payable in SANNE shares. Of the Shares, 437,762 are to be issued to Jeffrey Hahn, who is employed within SANNE's North American business and is considered a PDMR.
Following admission of the Shares the Company will have 145,996,512 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 145,897,979 (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.
For and on behalf of Sanne Group plc
Ian Portal, Company Secretary
+44 (0) 20 3911 1048
Tulchan Communications LLP
Tom Murray / David Ison
+44 (0) 20 7353 4200
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.
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