Director/PDMR Shareholding

RNS Number : 1109D

Sage Group PLC

26 January 2018

 

DIRECTOR/PDMR SHAREHOLDING

26 January 2018

The Sage Group plc. (the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities

This notification relates to transactions notified in accordance with article 19(3) of the Market Abuse Regulation.

On the vesting of share plan awards on 25 January 2018 the persons named below, who are Directors and/or members of the Executive Committee of The Sage Group plc., became beneficially entitled to the number of ordinary shares of 1^4/77 pence each in the Company set out below, all of which were either held in trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage Group plc Employee Benefit Trust (the Trustee) or satisfied with treasury shares.  On 25 January 2018 the Company was notified that the following Directors and/or members of the Executive Committee of The Sage Group plc. disposed of the number of ordinary shares of 1^4/77 pence each set out below in respect of which the individual had become beneficially entitled to, at the price per ordinary share set out below, to cover tax obligations arising from the vesting.

Executive Committee Member	Award Plan	Number of Ordinary Shares Acquired	Aggregate Number of Ordinary Shares Disposed	Average price in pence	Resultant Total Shareholding
Stephen Kelly	The Sage Group Performance Share Plan	302,173	142,022	759.48p	397,497
Steve Hare	The Sage Group Performance Share Plan	189,105	88,880	759.48p	252,976
	The Sage Group Deferred Bonus Plan	11,831	5,562	759.48p
Klaus-Michael Vogelberg	The Sage Group Performance Share Plan	88,757	41,717	759.48p	342,042
Amanda Cusdin	The Sage Group plc 2015 Performance Share Plan	9,910	4,660	759.48p	5,250

ANNEX

Notifications and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Kelly
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Sage Group plc
b)	LEI	2138005RN5XYLTF8G138
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares
	Identification code	ISIN: GB00B8C3BL03
b)	Nature of the transaction	Vesting of shares under The Sage Group Performance Share Plan and sale of shares to cover tax obligations arising from the vesting
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.00	160,151
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transactions	25 January 2018
f)	Place of the transactions	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Hare
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Sage Group plc
b)	LEI	2138005RN5XYLTF8G138
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares
	Identification code	ISIN: GB00B8C3BL03
b)	Nature of the transaction	Vesting of shares under The Sage Group Performance Share Plan and sale of shares to cover tax obligations arising from the vesting
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.00	100,225
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transactions	25 January 2018
f)	Place of the transactions	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Hare
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Sage Group plc
b)	LEI	2138005RN5XYLTF8G138
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares
	Identification code	ISIN: GB00B8C3BL03
b)	Nature of the transaction	Vesting of shares under The Sage Group Deferred Bonus Plan and sale of shares to cover tax obligations arising from the vesting
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.00	6,269
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transactions	25 January 2018
f)	Place of the transactions	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Klaus-Michael Vogelberg
2	Reason for the notification
a)	Position/status	Chief Technology Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Sage Group plc
b)	LEI	2138005RN5XYLTF8G138
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares
	Identification code	ISIN: GB00B8C3BL03
b)	Nature of the transaction	Vesting of shares under The Sage Group Performance Share Plan and sale of shares to cover tax obligations arising from the vesting
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.00	47,040
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transactions	25 January 2018
f)	Place of the transactions	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Amanda Cusdin
2	Reason for the notification
a)	Position/status	Chief People Officer (Interim)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Sage Group plc
b)	LEI	2138005RN5XYLTF8G138
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares
	Identification code	ISIN: GB00B8C3BL03
b)	Nature of the transaction	Net vesting of shares under The Sage Group plc 2015 Performance Share Plan and sale of shares to cover tax obligations arising from the vesting
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.00	5,250
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transactions	25 January 2018
f)	Place of the transactions	London Stock Exchange

 

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