Source - LSE Regulatory
RNS Number : 6263H
Sanne Group PLC
16 November 2018
 

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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