RNS Number : 5250R

Sanne Group PLC

29 October 2019

Sanne Group plc

29 October 2019

Sanne Group plc

(SANNE or the Company)

Issue of Equity

SANNE announces that applications have been made to the Financial Conduct Authority (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 8.00am on 1 November 2019.

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 third tranches of both the initial consideration and the deferred consideration, which were part payable in SANNE shares.

Following admission of the Shares the Company will have 146,633,168 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 146,534,635 (the Voting Rights Figure). 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

  Sanne Group plc 
  Ian Portal, Group Company     +44 (0) 20 3911 
  Secretary                     1048 


SANNE is a leading global provider of outsourced alternative asset and corporate business 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 1,600 people worldwide and administers structures and funds that have in excess of GBP250 billion of assets.

Key clients include leading alternative asset managers, global financial institutions, family offices, UHNWIs and international 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.


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(END) Dow Jones Newswires

October 29, 2019 12:00 ET (16:00 GMT)

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