Edition:
United Kingdom

Sanne Group PLC (SNNS.L)

SNNS.L on London Stock Exchange

551.00GBp
16 Aug 2019
Change (% chg)

-1.00 (-0.18%)
Prev Close
552.00
Open
561.00
Day's High
561.00
Day's Low
550.00
Volume
146,035
Avg. Vol
262,585
52-wk High
762.00
52-wk Low
446.50

Latest Key Developments (Source: Significant Developments)

Sanne Group Provides Update On Trading For 6 Months Ended 30 June And FY Outlook
Saturday, 27 Jul 2019 

July 27 (Reuters) - Sanne Group PLC ::PROVIDES AN UPDATE ON TRADING FOR SIX MONTHS ENDED 30 JUNE 2019 AND FULL YEAR OUTLOOK..UNDERLYING H1 OPERATING CASH CONVERSION IN EXCESS OF 100%.MARGIN LOWER IN H1 LEADING TO LOWERED MARGIN GUIDANCE FOR FULL YEAR.H1 CONSTANT CURRENCY ORGANIC REVENUE GROWTH OF 13%; FACTORING IMPACT OF PRIOR YEAR ACQUISITIONS, TOTAL CONSTANT CURRENCY REVENUE GROWTH WAS 17%.GROUP'S UNDERLYING OPERATING MARGIN IN H1 2019 IS EXPECTED TO BE APPROXIMATELY 26%, BELOW OUR PREVIOUS EXPECTATIONS FOR CURRENT YEAR.HAVE SEEN A DISAPPOINTING LACK OF DELIVERY OF OPERATING EFFICIENCIES IN H1 IN CENTRAL OPERATIONS TEAMS THAT CO HIGHLIGHTED IN 2018.BOARD CONFIDENT IN GROUP'S FY REVENUE EXPECTATIONS.ITEMS IMPACTING UNDERLYING OPERATING MARGIN IN FIRST HALF ARE UNLIKELY TO BE FULLY COMPENSATED FOR IN SECOND HALF.BOARD EXPECTS TO REPORT AT FY UNDERLYING OPERATING PROFIT MARGIN IN REGION OF 28% TO 30%, WHICH IS BELOW PRIOR GUIDANCE.BOARD EXPECTS TO REPORT UNDERLYING EARNINGS PER SHARE FOR FULL YEAR BELOW ITS PREVIOUS EXPECTATIONS.."FIRST HALF MARGIN IS A DISAPPOINTING OUTCOME AND WELL BELOW OPTIMAL MARGIN FOR BUSINESS".GROUP WILL ANNOUNCE ITS INTERIM RESULTS FOR SIX MONTHS ENDED 30 JUNE 2019 ON TUESDAY 10 SEPTEMBER 2019..  Full Article

Kames Capital PLC Cuts Stake To 2.75% From 4.88% In Sanne Group - Filing
Monday, 25 Feb 2019 

Feb 25 (Reuters) - :KAMES CAPITAL PLC CUTS STAKE TO 2.75% FROM 4.88 PERCENT IN SANNE GROUP - FILING.  Full Article

Sanne Group Says Martin Schnaier To Succeed Dean Godwin As CEO
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - Sanne Group PLC ::SANNE GROUP PLC - CHIEF EXECUTIVE OFFICER SUCCESSION PLAN.SANNE GROUP PLC - CHIEF EXECUTIVE OFFICER, DEAN GODWIN HAS DECIDED TO RETIRE.SANNE GROUP PLC - DEAN GODWIN HAS DECIDED TO RETIRE FROM FIRM.SANNE GROUP PLC - MARTIN SCHNAIER, PREVIOUSLY SANNE'S CHIEF COMMERCIAL OFFICER, IS TO SUCCEED DEAN GODWIN.  Full Article

Sanne Group ‍Announces Result Of Secondary Placing Of Ordinary Shares
Thursday, 5 Apr 2018 

April 5 (Reuters) - Sanne Group PLC ::‍ANNOUNCES THAT SELLING SHAREHOLDERS HAVE, SUBJECT TO COMPLETION, SOLD 3,610,355 ORDINARY SHARES IN COMPANY​.‍PLACING SHARES WERE PLACED AT A PRICE OF 660P PER SHARE.SELLING SHAREHOLDERS HAVE SOLD 3.6 MILLION ORDINARY SHARES IN CO, REPRESENTING APPROXIMATELY 2.5 PERCENT ISSUED SHARE CAPITAL OF SANNE​.‍SETTLEMENT OF PLACING IS EXPECTED TO TAKE PLACE ON 9 APRIL 2018​.  Full Article

Sanne Updates On Secondary Placing Of Ordinary Shares
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Sanne Group PLC ::‍PROPOSED SECONDARY PLACING OF ORDINARY SHARES IN SANNE​.CERTAIN EMPLOYEES TO SELL IN 3.6 MILLION ORDINARY SHARES IN COMPANY VIA AN ACCELERATED BOOKBUILD PLACING TO INSTITUTIONAL INVESTORS​.‍PLACING IS BEING MANAGED BY INVESTEC BANK PLC ACTING AS SOLE BOOKRUNNER​.‍COMPANY IS NOT A PARTY TO PLACING AND WILL NOT RECEIVE ANY PROCEEDS FROM PLACING​.‍BOOKS FOR PLACING WILL OPEN WITH IMMEDIATE EFFECT​.  Full Article

Sanne Says Still Expects To Report FY Underlying EPS In Line With Expectations​
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Sanne Group Plc ::CONTINUED MOMENTUM IN SECOND HALF MEANS GROUP STILL EXPECTS TO REPORT FY UNDERLYING EARNINGS PER SHARE IN LINE WITH BOARD'S EXPECTATIONS​.  Full Article

Sanne Group announces ‍acquisition of Luxembourg Investment Solutions​
Friday, 29 Sep 2017 

Sept 29 (Reuters) - SANNE GROUP PLC ::SAYS ‍ACQUISITION OF LUXEMBOURG INVESTMENT SOLUTIONS S.A. (LIS) AND COMPLIANCE PARTNERS S.A. (CP) ​.SAYS ‍SIGNING OF INCREASE IN REVOLVING CREDIT FACILITY ("RCF") TAKING TOTAL FACILITIES TO £90 MILLION​.‍INITIAL ACQUISITION VALUE PAYABLE OF CIRCA EUR 55 MILLION SPLIT APPROXIMATELY 36% IN NEW SANNE SHARES AND BALANCE IN CASH​.  Full Article

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