Sanne Group PLC Director/PDMR Shareholding (6263H)
November 16 2018 - 6:09AM
UK Regulatory
TIDMSNN
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
GBP0.01 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/ Initial notification
Amendment
----------------------------- ------------------------------------------------------
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 Ordinary shares of GBP0.01 each
the Financial Instrument ISIN: JE00BVRZ8S85
----------------------------- ------------------------------------------------------
(b) Nature of the transaction Issue of consideration shares
----------------------------- ------------------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- --------------------------
GBP4.686 437,762
-------------------------------------------------------------- --------------------------
(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/ Initial notification
Amendment
----------------------------- ------------------------------------------------------
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 Ordinary shares of GBP0.01 each
the Financial Instrument ISIN: JE00BVRZ8S85
----------------------------- ------------------------------------------------------
(b) Nature of the transaction Sale of shares
----------------------------- ------------------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- --------------------------
GBP6.15 106,373
-------------------------------------------------------------- --------------------------
(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 +44 (0) 20 3911
Ian Portal, Company Secretary 1048
Tulchan Communications
LLP +44 (0) 20 7353
Tom Murray / David Ison 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 GBP200 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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END
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