Sanne Group PLC Issue of Equity (2405H)
November 13 2018 - 11:07AM
UK Regulatory
TIDMSNN
RNS Number : 2405H
Sanne Group PLC
13 November 2018
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 GBP0.01 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
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 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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