Sanne Group plc
9 April 2019
Sanne Group plc
("SANNE" or "the Company")
Director/PDMR Shareholding
In accordance with the requirements of Market Abuse Regulation Article 19, SANNE announces that, on 30 March 2019, the vesting of shares previously awarded under the Company's Performance Share Plan were made to Dean Godwin and Martin Schnaier, each an Executive Director of the Company, as follows:
| | Number of shares vesting | Dividend equivalent shares | Total vesting | Shares sold for tax and expenses | Released amount |
| Dean Godwin | 66,192 | 4,183 | 70,375 | 0* | 70,375 |
| Martin Schnaier | 28,024 | 1,771 | 29,795 | 14,040 | 15,755 |
*Dean Godwin will settle the taxes associated with his award directly and these will be reported on his individual tax return.
No consideration was paid for the vesting of the awards which are structured as conditional share awards.
Details are set out below:
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||
| (a) | Name | Dean Godwin | ||
| 2. | Reason for the notification | |||
| (a) | Position/status | Chief Executive 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 ISIN: JE00BVRZ8S85 | ||
| (b) | Nature of the transaction | Vesting of shares awarded under the Sanne Group plc Performance Share Plan | ||
| (c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| | | Nil | 70,375 | |
| | | | ||
| (d) | Aggregated information
| Aggregated price | Aggregated volume | |
| N/A (single transaction) | N/A (single transaction) | |||
| | ||||
| (e) | Date of the transaction | 2019-03-30 | ||
| (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 Designate | ||
| (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 shares awarded under the Sanne Group plc Performance Share Plan | ||
| (c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| | | Nil | 15,755 | |
| | | | ||
| (d) | Aggregated information
| Aggregated price | Aggregated volume | |
| N/A (single transaction) | N/A (single transaction) | |||
| | ||||
| (e) | Date of the transaction | 2019-03-30 | ||
| (f) | Place of the transaction | Outside a trading venue | ||
For and on behalf of Sanne Group plc
|
Enquiries: Ian Portal, Group Company Secretary
|
+44 (0) 20 3911 1048 |
| Tulchan Communications LLP Tom Murray
| +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 on the Main Market of the London Stock Exchange and a member of the FTSE 250 index, SANNE employs more than 1,400 people worldwide and administers structures and funds that have in excess of £240 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.
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