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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sanne Group Plc | LSE:SNN | London | Ordinary Share | JE00BVRZ8S85 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 921.00 | 919.00 | 920.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
LONDON--Sanne Group PLC (SNN.LN) said Monday it is buying FLSV Fund Administration Services LLC for $65.8 million in cash and shares.
The corporate and fund administrator said it is going to pay $52.6 million once the acquisition is completed, adding that 74% of it will be paid in cash and the rest in new Sanne shares. The company is also going to pay a deferred consideration of $13.2 million in addition to that.
Sanne also got a five-year, 60 million pounds ($79.4 million) loan from HSBC (HSBA.LN), it announced on Monday. The loan comes with an additional GBP40 million facility, so that it could pay other loans from HSBC and finance the cash part of the acquisition, Sanne said.
Shares at 0825 GMT up 3.25 pence, or 0.7%, at 460 pence valuing the company at GBP532 million.
Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga
(END) Dow Jones Newswires
October 03, 2016 04:40 ET (08:40 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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