Sanne Group PLC Correction to grant of share awards (7918M)
13 May 2020 - 9:00PM
UK Regulatory
TIDMSNN
RNS Number : 7918M
Sanne Group PLC
13 May 2020
13 May 2020
Sanne Group plc
( SANNE or the Company )
Correction to grant of share awards
The following correction is being made to the 'Grant of share
awards' announcement released on 22 April 2020 under RNS number
4996K (the Initial Announcement).
Under the Initial Announcement, the Company had incorrectly
stated that it had awarded 6,136 deferred shares to Martin Schnaier
under the Company's 2019 Annual Bonus Plan (ABP). Martin was
actually awarded 5,868 deferred shares under the ABP with a grant
date of 20 April 2020. In accordance with the rules of the ABP, 50%
of any bonus earned is deferred into shares for three years.
All other details contained within the Initial Announcement,
including the number of shares awarded to Martin under the
Company's Performance Share Plan, remain unchanged.
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Martin Schnaier
---------------------------- -----------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------------
(a) Position/status Chief Executive Officer and PDMR
---------------------------- -----------------------------------------------------
(b) Initial notification/ Amendment
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 the Ordinary shares of GBP0.01 each
Financial Instrument ISIN: JE00BVRZ8S85
---------------------------- -----------------------------------------------------
(b) Nature of the transaction Grant of shares under the Sanne Group
plc Annual Bonus Plan
---------------------------- -----------------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- -------------------------
Nil 5,868
------------------------------------------------------------- -------------------------
(d) Aggregated information Aggregated price Aggregated volume
---------------------------- -------------------------- -------------------------
N/A (single transaction) N/A (single transaction)
------------------------------------------------------------- -------------------------
(e) Date of the transaction 2020-04-20
---------------------------- -----------------------------------------------------
(f) Place of the transaction Outside a trading venue
---------------------------- -----------------------------------------------------
Enquiries:
Sanne Group plc +44 (0) 20 3911 1048
Ian Portal, Company Secretary
About SANNE
SANNE is a leading global provider of alternative asset and
corporate services. Established for over 30 years and listed on the
Main Market of the London Stock Exchange and a member of the FTSE
250 index, SANNE employs more than 1,700 people worldwide and
administers structures and funds that have in excess of GBP250
billion of assets.
Key clients include alternative asset managers, financial
institutions, family offices, ultra-high net-worth individuals and
corporates.
SANNE operates from a global network of offices located in
leading financial jurisdictions, which are spread across the
Americas, Europe, Africa and Asia-Pacific.
www.sannegroup.com
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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