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RNS Number : 3982H

Wellington Management Group LLP

03 August 2021

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 
1.         KEY INFORMATION 
 
 (a)   Full name of discloser:                                                                       Wellington Management Group LLP 
 (b)   Owner or controller of interests and 
        short positions disclosed, if different 
        from 1(a): 
        The naming of nominee or vehicle companies 
        is insufficient. For a trust, the trustee(s), 
        settlor and beneficiaries must be named. 
----  --------------------------------------------------------------------------------------------  ----------------------------------------------------------------- 
 (c)   Name of offeror/offeree in relation to                                                        Sanne Group plc 
        whose relevant securities this form relates: 
        Use a separate form for each offeror/offeree 
----  --------------------------------------------------------------------------------------------  ----------------------------------------------------------------- 
 (d)   If an exempt fund manager connected with 
        an offeror/offeree, state this and specify 
        identity of offeror/offeree: 
----  --------------------------------------------------------------------------------------------  ----------------------------------------------------------------- 
 (e)   Date position held/dealing undertaken:                                                        02 August 2021 
        For an opening position disclosure, state 
        the latest practicable date prior to 
        the disclosure 
----  --------------------------------------------------------------------------------------------  ----------------------------------------------------------------- 
 (f)   In addition to the company in 1(c) above,                                                     NO 
        is the discloser making disclosures in 
        respect of any other party to the offer? 
        If it is a cash offer or possible cash 
        offer, state "N/A" 
----  --------------------------------------------------------------------------------------------  ----------------------------------------------------------------- 
 
2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE 
 
If there are positions or rights to subscribe to disclose in more than 
 one class of relevant securities of the offeror or offeree named in 1(c), 
 copy table 2(a) or (b) (as appropriate) for each additional class of relevant 
 security. 
(a)        Interests and short positions in the relevant securities of the offeror 
            or offeree to which the disclosure relates following the dealing (if 
            any) 
 
 Class of relevant security:                                   Common Stock (JE00BVRZ8S85) 
                                                                                         Interests                                        Short Positions 
                                                                                                                              --------------------------------------- 
                                                                                Number                            %                     Number                 % 
                                                                                                                              --------------------------  ----------- 
       Relevant securities owned 
 (1)    and/or controlled:                                     1,830,515                                              1.13 %   47,992                          0.03 % 
                                                              -----------------------------------------  -------------------  --------------------------  ----------- 
 (2)   Cash-settled derivatives:                               30,256                                                 0.02 % 
----  ------------------------------------------------------  -----------------------------------------  -------------------  --------------------------  ----------- 
 (3)   Stock-settled derivatives 
        (including options) and 
        agreements to purchase/sell: 
----  ------------------------------------------------------  -----------------------------------------  -------------------  --------------------------  ----------- 
       Total                                                   1,860,771 *                                            1.15 %   47,992                          0.03 % 
----  ------------------------------------------------------  -----------------------------------------  -------------------  --------------------------  ----------- 
 * Wellington Management Group LLP does not have discretion regarding voting 
  decisions in respect of 225,024 shares that are included in the total above. 
 
All interests and all short positions should be disclosed. 
 Details of any open stock-settled derivative positions (including traded 
 options), or agreements to purchase or sell relevant securities, should 
 be given on a Supplemental Form 8 (Open Positions). 
 
 
(b)        Rights to subscribe for new securities (including directors' and other 
            employee options) 
 
 Class of relevant security 
  in relation to which subscription 
  right exists: 
 Details, including nature of 
  the rights concerned and relevant 
  percentages: 
                                                              ------------------------------------------------------------------------------------------------------- 
 
3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE 
 
Where there have been dealings in more than one class of relevant securities 
 of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) 
 (as appropriate) for each additional class of relevant security dealt in. 
 The currency of all prices and other monetary amounts should be stated. 
(a)        Purchases and sales 
 
           Class of relevant security                         Purchase/sale                            Number of securities                      Price per unit 
 Common Stock (JE00BVRZ8S85)                       Sale                                  43,710                                             9.1001 GBP 
                                                  ------------------------------------  -------------------------------------------------  -------------------------- 
 Common Stock (JE00BVRZ8S85)                       Sale                                  2,261,269                                          9.1000 GBP 
                                                  ------------------------------------  -------------------------------------------------  -------------------------- 
 
(b)        Cash-settled derivative transactions 
 
       Class of relevant               Product description                          Nature of dealing                          Number of               Price per 
            security                         e.g. CFD                              e.g. opening/closing                         reference                 unit 
                                                                                  a long/short position,                       securities 
                                                                                    increasing/reducing 
                                                                                   a long/short position 
 Common Stock (JE00BVRZ8S85)     Equity Swap                        Sale                                                 7,221                    9.0980 GBP 
                                ---------------------------------  ---------------------------------------------------  -----------------------  -------------------- 
 
(c)        Stock-settled derivative transactions (including options) 
 
(i)        Writing, selling, purchasing or varying 
 
  Class of relevant         Product            Writing,               Number of                  Exercise                   Type              Expiry      Option money 
       security           description         purchasing,             securities                 price per              e.g. American,         date       paid/ received 
                           e.g. call            selling,               to which                    unit                    European                          per unit 
                             option             varying             option relates                                           etc. 
                                                  etc. 
 
 
(ii)       Exercise 
 
           Class of relevant                  Product description                    Exercising/                   Number of securities           Exercise price 
                security                        e.g. call option                  exercised against                                                   per unit 
 
 
(d)        Other dealings (including subscribing for new securities) 
 
           Class of relevant security                       Nature of dealing                                Details                           Price per unit (if 
                                                            e.g. subscription,                                                                     applicable) 
                                                                conversion 
 
 
4.         OTHER INFORMATION 
 
(a)        Indemnity and other dealing arrangements 
 
 Details of any indemnity or option arrangement, or any agreement or understanding, 
  formal or informal, relating to relevant securities which may be an inducement 
  to deal or refrain from dealing entered into by the person making the disclosure 
  and any party to the offer or any person acting in concert with a party 
  to the offer: 
  Irrevocable commitments and letters of intent should not be included. If 
  there are no such agreements, arrangements or understandings, state "none" 
 None 
 
(b)        Agreements, arrangements or understandings relating to options or 
            derivatives 
 
 Details of any agreement, arrangement or understanding, formal or informal, 
  between the person making the disclosure and any other person relating 
  to: 
  (i) the voting rights of any relevant securities under any option; or 
  (ii) the voting rights or future acquisition or disposal of any relevant 
  securities to which any derivative is referenced: 
  If there are no such agreements, arrangements or understandings, state 
  "none" 
 None 
 
(c)        Attachments 
 
 Is a Supplemental Form 8 (Open Positions)                                                      YES 
  attached? 
 
 Date of disclosure                                                                             03 August 2021 
 Contact name                                                                                   Sophie Gray 
                                                                                               ---------------------------------------------------------------------- 
 Telephone number                                                                               44-20-7126-6069 
                                                                                               ---------------------------------------------------------------------- 
 
 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS,

AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

 
1.         KEY INFORMATION 
 
 Full name of person making disclosure:                                 Wellington Management Group LLP 
 Name of offeror/offeree in relation to                                 Sanne Group plc 
  whose relevant securities the disclosure 
  relates: 
                                                                       ------------------------------------------ 
 
2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS) 
 
 Class of relevant     Product        Written         Number of securities     Exercise     Type e.g.      Expiry 
  security              description    or purchased    to which option          price per    American,      date 
                        e.g. call                      or derivative            unit         European 
                        option                         relates                               etc. 
                                                                                                          ------- 
 Common Stock          Equity Swap    Purchased       30,256                                               05 May 
  (JE00BVRZ8S85)                                                                                            23 
                      -------------  --------------  -----------------------  -----------  -------------  ------- 
 
3.         AGREEMENTS TO PURCHASE OR SELL ETC. 
 
Full details should be given so that the nature of the interest or position 
 can be fully understood: 
 None 
 
 
 

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives

The currency of all prices and other monetary amounts should be stated.

monitoring@disclosure.org.uk . The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

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