Sanne, a specialist provider of outsourced corporate and fund administration services to alternative asset managers, financial institutions and corporates, is pleased to announce that 116,000,000 Ordinary Shares have today been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange.
Dealings will commence at 8.00am under the TIDM code SNN with the ISIN number of JE00BVRZ8S85. ‘This is a significant milestone for Sanne. We believe that listing on the Main Market of the London Stock Exchange offers an excellent opportunity for Sanne to build upon an already strong operational platform to drive strategic growth. Furthermore, it recognises the quality of the business that has been built over the past decade,’ said Dean Godwin, Sanne’s Chief Executive Officer.
He added ‘Most importantly, we believe that the listing is entirely consistent with our quality focused approach to client service and underlines our commitment to building a business for the long term for our staff and our clients.’
Sanne’s clients include alternative asset managers, financial institutions, corporates and ultra high-net worth individuals. The Group has a multi-jurisdictional footprint with a strong presence in established international financial centres both in Europe (Jersey – Group headquarters, Guernsey, London, Luxembourg and Dublin) and across Asia (Hong Kong, Shanghai, Singapore) and the Middle East (Dubai).
Geoff Cook, CEO, Jersey Finance, commented “This is an innovative move that is focused on growth, investment and expansion and is a strong vote of confidence in both Sanne and Jersey, reflecting the optimism there is in Jersey as a highly respected finance centre for corporate, funds and private client work.”
The Group will continue to focus on the expansion of their business through both organic and inorganic growth by concentrating on deepening their key client relationships, evolving their core asset-led offering and by building operational scale in their target markets.
Dean Godwin said “We have everything in place, including a strong, experienced management team supported by an experienced board, to build a global business for the future.’