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SNN Sanne Group Plc

921.00
0.00 (0.00%)
08 May 2024 - Closed
Delayed by 15 minutes
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

Sanne Group PLC Director/PDMR Shareholding (9812S)

29/06/2018 7:01am

UK Regulatory


Sanne (LSE:SNN)
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From May 2019 to May 2024

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RNS Number : 9812S

Sanne Group PLC

29 June 2018

29 June 2018

Sanne Group plc

("SANNE" or "the Company")

Director/PDMR Shareholding

The Company notifies that, on 28 June 2018, James Ireland, the Group's Chief Financial Officer with effect from 1 July 2018, was granted a conditional share award over the number of ordinary shares of 0.01 pence each in the Company ("Shares") listed below under an arrangement, in respect of the buy-out of remuneration forfeited on leaving his previous employment (the "Award"). The number of Shares subject to the conditional share award has been calculated using the average market prices over the three dealing days immediately prior to 14 May, the date Mr. Ireland joined the Company.

The Award is conditional on employment and will vest in tranches as set out below:

 
 PDMR             No. of Shares under   Vesting Date 
                   option 
 James Ireland    2520                  30 December 
                                         2018 
                 --------------------  -------------- 
                  4776                  30 April 2019 
                 --------------------  -------------- 
                  4027                  30 April 2020 
                 --------------------  -------------- 
                  1952                  30 April 2021 
                 --------------------  -------------- 
                  1952                  30 April 2022 
                 --------------------  -------------- 
 Total            15,227 
                 --------------------  -------------- 
 

In addition, the Company announces that on 28 June 2018, awards over Shares were made to two persons discharging managerial responsibilities ("PDMRs") under the Company's performance share plan ("PSP"), as follows:

 
 Name of PDMR         Number of Shares awarded under 
                                    PSP 
 James Ireland                    36,851 
                     ------------------------------- 
 Jackie Mclaughlin                11,055 
                     ------------------------------- 
 

No consideration was paid for the grant of the awards which are structured as conditional share awards.

The vesting of an award is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company. The awards will normally vest on the later of the third anniversary of grant and the determination of the performance conditions.

The Company was informed of the above transactions on 28 June 2018.

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation.

For and on behalf of Sanne Group plc

Enquiries:

 
 Sanne Group plc 
  Ian Portal, Company Secretary    +44 (0)203 9111 048 
 
   Tulchan Communications LLP 
 
   Tom Murray 
   Matt Low                          +44 (0) 20 7353 4200 
 

Notes:

SANNE provides global administration, reporting and fiduciary services to leading alternative asset managers, financial institutions, family offices and corporates.

SANNE employs more than 1,200 people worldwide and administers structures and funds that have in excess of GBP200 billion of assets.

SANNE has a presence in 15 established strategic locations spread across the Americas, EMEA and Asia-Pacific.

SANNE is listed on the Main Market of the London Stock Exchange.

www.sannegroup.com

 
 1.    Details of the person discharging managerial responsibilities/person 
        closely associated 
 (a)   Name                          James Ireland 
      ----------------------------  ------------------------------------------- 
 2.    Reason for the notification 
      ------------------------------------------------------------------------- 
 (a)   Position/status               Chief Financial Officer (with effect 
                                      from 1 July 2018) 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 
      ----------------------------  ------------------------------------------- 
 (b)   Nature of the transaction     Grant of conditional shares and 
                                      shares under the Sanne Group plc 
                                      Performance Share Plan (PSP) 
      ----------------------------  ------------------------------------------- 
 (c)   Price(s) and volume(s)        Price(s)             Volume(s) 
                                    -------------------  ---------------------- 
                                     Exercisable at       15,227 (conditional) 
                                      nominal price of 
                                      0.01 pence per 
                                      Share 
                                                           36,851 (PSP) 
                                    -------------------  ---------------------- 
 
 (d)   Aggregated information        52,078 
         *    Aggregated volume 
                                      Exercisable at nominal price of 
                                      0.01 pence per Share 
        - Price 
      ----------------------------  ------------------------------------------- 
 (e)   Date of the transaction       2018-06-28 
      ----------------------------  ------------------------------------------- 
 (f)   Place of the transaction      Outside a trading venue 
      ----------------------------  ------------------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities/person 
        closely associated 
 (a)   Name                              Jackie Mclaughlin 
      --------------------------------  --------------------------------------- 
 2.    Reason for the notification 
      ------------------------------------------------------------------------- 
 (a)   Position/status                   Chief Compliance Officer 
      --------------------------------  --------------------------------------- 
 (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 
      --------------------------------  --------------------------------------- 
 (b)   Nature of the transaction         Grant of shares under the Sanne 
                                          Group plc Performance Share Plan 
                                          (PSP) 
      --------------------------------  --------------------------------------- 
 (c)   Price(s) and volume(s)            Price(s)                Volume(s) 
                                        ----------------------  --------------- 
                                         Exercisable at          11,055 (PSP) 
                                          nominal price of 
                                          0.01 pence per 
                                          Share 
                                        ----------------------  --------------- 
 
 (d)   Aggregated information            11,055 
         *    Aggregated volume 
                                          Exercisable at nominal price of 
                                          0.01 pence per Share 
        - Price 
      --------------------------------  --------------------------------------- 
 (e)   Date of the transaction           2018-06-28 
      --------------------------------  --------------------------------------- 
 (f)   Place of the transaction          Outside a trading venue 
      --------------------------------  --------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 29, 2018 02:01 ET (06:01 GMT)

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