Sanne Group PLC Completion of Acquisition (0943E)
07 February 2018 - 2:48AM
UK Regulatory
TIDMSNN
RNS Number : 0943E
Sanne Group PLC
06 February 2018
6 February 2018
Sanne Group plc
("SANNE" or "the Company ")
Completion of Acquisition and Issue of Equity
SANNE, the global provider of alternative asset and corporate
administration services, announces today that further to its
announcement on 29 September 2017, the acquisition of Luxembourg
Investment Solutions S.A. and Compliance Partners S.A. (the
"Acquired Companies") has completed.
The consideration for the acquisition is made up of an initial
element and an earn-out element. Of the initial consideration, 80%
is due upon completion, payable part in shares and part in cash.
The balance of the initial consideration will be payable following
the completion of the Acquired Companies 2017 audit and this is
expected in Q2 2018.
Applications have been made to the FCA and the London Stock
Exchange, respectively, for the 1,786,173 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 at 8.00am
on Wednesday 7 February 2018.
Following admission of the shares the Company will have
143,395,107 Ordinary Shares of GBP0.01 each in issue of which
98,533 are held in treasury. Therefore, following admission of the
shares the total number of voting rights in the Company will be
143,296,574 (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.
Enquiries:
Sanne Group plc
Dean Godwin, Chief Executive
Officer
Spencer Daley, Chief Financial +44 (0) 1534 722
Officer 787
Investec Bank plc
Garry Levin / James Ireland
Edward Thomas / Neil Coleman +44 (0) 20 7597 5970
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 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 1,200 people worldwide and
administers structures and funds that have in excess of GBP200
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.
sannegroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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