Director/PDMR Shareholding

RNS Number : 6041Z

Sage Group PLC

20 May 2019

 

PDMR SHAREHOLDING

20 May 2019

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 of the Market Abuse Regulation.

On 20 May 2019 the persons named below, who are Persons Discharging Managerial Responsibilities of The Sage Group plc., were granted awards over ordinary shares of 1^4/77 pence each in The Sage Group plc. under each of The Sage Group plc. 2019 Restricted Share Plan (RSP), The Sage Group plc. 2015 Performance Share Plan (PSP) and The Sage Group plc. 2017 Share Option Plan (SOP) respectively as shown below. The maximum number of shares that may be acquired on the vesting of the award is specified opposite each participant's name below. No price is payable either on the grant or vesting of an RSP or a PSP award. An exercise price of £7.468 per share is payable in respect of the SOP award. Awards will normally vest, subject to continued employment and performance conditions (where applicable) according to the schedule below. Awards are subject to malus and clawback.

Awards will vest according to the following schedule:

One-third of the RSP award of Rob Reid will vest on each of 4 December 2019, 4 December 2020 and 4 December 2021.

The SOP award of Rob Reid will vest on 4 December 2021.

The PSP award of Lee Perkins will vest on 4 December 2021.

Persons Discharging Managerial Responsibilities	Maximum number of ordinary shares of 14/77 pence each in The Sage Group plc. that may be acquired on vesting of award
	RSP	PSP	SOP	Total
Lee Perkins	N/A	32,806	N/A	32,806
Rob Reid	63,262	N/A	63,261	126,523

 

ANNEX

Templates for notification 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	Lee Perkins
2	Reason for the notification
a)	Position/status	Chief Product 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	Grant of share award under The Sage Group plc. 2015 Performance Share Plan
c)	Price(s) and volume(s)
			Price	Volume
			nil	32,806
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	20 May 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rob Reid
2	Reason for the notification
a)	Position/status	Chairman Mid-Market Solutions
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	Grant of share award under The Sage Group plc 2019 Restricted Share Plan
c)	Price(s) and volume(s)
			Price	Volume
			nil	63,262
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	20 May 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rob Reid
2	Reason for the notification
a)	Position/status	Chairman Mid-Market Solutions
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	Grant of share award under The Sage Group plc. 2017 Share Option Plan
c)	Price(s) and volume(s)
			Price	Volume
			nil	63,261
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	20 May 2019
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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