Sanne Group PLC Trading statement and notice of results (6546M)
August 01 2017 - 2:00AM
UK Regulatory
TIDMSNN
RNS Number : 6546M
Sanne Group PLC
01 August 2017
1 August 2017
Sanne Group plc
("SANNE" or "the Group")
Trading statement and notice of results
SANNE, a leading global provider of alternative asset and
corporation administration services, today provides a trading
update for the six months from 1 January 2017 to 30 June 2017 ahead
of the interim results announcement due to be published on 7
September 2017.
The Group's core business lines have seen good growth in the
first half of the year driven by strong momentum from new business
opportunities delivered in the latter part of 2016. In the first
six months of the year the Group has continued this momentum,
securing new business from both new and existing clients totaling
approximately GBP10 million on a projected annualised fee
basis.
Following the completion of the acquisition of IFS (Mauritius)
at the start of the year, the business is integrating well into the
Group and performing in line with expectations. Likewise our US
acquisition, completed in November 2016, continues to perform well,
operating in a market with very favourable outsourcing and growth
trends.
The pipeline of new business wins and performance of
acquisitions gives the Board confidence that it will deliver
results for the year in line with its expectations.
Commenting, Dean Godwin, Chief Executive Officer said: "We are
pleased with the performance of the Group in the first half and the
continued new business wins gives us confidence in future
growth."
This announcement contains inside information.
Enquiries:
Sanne Group plc
Dean Godwin, Chief Executive Officer
Spencer Daley, Chief Financial Officer +44 (0) 1534 722 787
Investec Bank plc
Garry Levin / James Ireland
Matt Lewis +44 (0) 20 7597 5970
Tulchan Communications LLP
Tom Murray +44 (0) 20 7353 4200
Notes - About Sanne
SANNE is a leading global provider of alternative asset and
corporate administration services. Established for over 25 years
and listed as a FTSE 250 company on the Main Market of the London
Stock Exchange, SANNE employs more than 1,000 people worldwide and
administers structures and funds that have in excess of GBP160
billion of assets.
Key clients include alternative asset managers, global financial
institutions, family offices, UHNWIs and corporates.
SANNE has a global network of regulated businesses in 15 leading
financial jurisdictions, which are spread globally across the
Americas, Europe, Africa and Asia-Pacific.
www.sannegroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLLFVRDEILVID
(END) Dow Jones Newswires
August 01, 2017 02:00 ET (06:00 GMT)
Sanne (LSE:SNN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sanne (LSE:SNN)
Historical Stock Chart
From Apr 2023 to Apr 2024