Sanne Group PLC Grant of share awards (4917Q)
September 12 2017 - 3:29AM
UK Regulatory
TIDMSNN
RNS Number : 4917Q
Sanne Group PLC
12 September 2017
SANNE GROUP PLC
Grant of share awards
The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation. On 11 September
2017, awards over ordinary shares of 0.01p each in Sanne Group plc
(the "Company") (ISIN: JE00BVRZ8S85) were made to a certain persons
discharging managerial responsibilities ("PDMRs") under the Sanne
Group plc Performance Share Plan, as follows:
Name of PDMR Number of Shares held
under award
-------------- ----------------------
Mark Law 19,048
-------------- ----------------------
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.
Furthermore an award over ordinary shares of 0.01p each in the
Company was granted by the Company to the below named person
discharging managerial responsibilities ("PDMR") as follows:
Name of PDMR Number of Shares under
award
-------------- -----------------------
Mark Law 19, 974
-------------- -----------------------
No consideration was paid for the grant of the award which was
structured as a conditional share award granted under and subject
to the terms of share award agreement.
The award shall ordinarily vest on an equal basis over a 3 year
period subject to Mr Law's continued service.
Only existing shares not being treasury shares (or exceptionally
cash) may be used to settle the award. No newly issued shares will
be used in relation to the award.
The Company was informed of the above transactions on 11
September 2017.
For and on behalf of Sanne Group plc
Enquiries:
Sanne Group plc
Dan McKeon, Company Secretary +44 (0) 1534 722 787
This information is provided by RNS
The company news service from the London Stock Exchange
END
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