Director holdings in PLC - moving shares from SSAS to SIPP
Bit of a niche situation:
We have a client who has a large director holding (c8%) of a PLC on the London Stock Exchange which is unwrapped and in the clients name. However, they also have c0.4% of a holding within their SSAS, which given it's not a direct holding, I don't believe has/needs to be declared from the market disclosure point of view as the SSAS technically owns it, not the client (my understanding could be wrong though).
We are looking to move the client out of the SSAS and into a full SIPP (trust based). The shares will move across in specie. Are there any implications from a director disclosure point of view by doing this?