Director/PDMR Shareholding

RNS Number : 1158U

Sage Group PLC

20 November 2019

 

DIRECTOR/PDMR SHAREHOLDING

20 November 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.

Jonathan Howell, Chief Financial Officer and member of the Executive Committee of the Company, was granted a conditional award on 11 December 2018 to replace share awards that he forfeited at Close Brothers when he was appointed Chief Financial Officer of the Company (the "The Sage Buy Out Award"). In accordance with the terms and performance conditions of The Sage Buy Out Award, 65,515 Ordinary shares of 1^4/77 pence each in the Company as set out below vested on 4 October 2019, with release deferred to 20 November 2019 due to share dealing restrictions. These shares have been transferred from shares held in trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage Group plc. Employee Benefit Trust on 20 November 2019. On the same day the Company was notified that Jonathan Howell disposed of a number of Ordinary shares of 1^4/77 pence each, as set out below, in respect of which he had become beneficially entitled, to cover tax obligations arising from the vesting.

Executive Committee Member	Award Plan	Number of Ordinary Shares Acquired	Number of Ordinary Shares Disposed	Average price in pence	Resultant Total Shareholding
Jonathan Howell	The Sage Buy Out Award	65,515	30,855	709.4	109,660

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	Jonathan Howell
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 Buy Out Award
c)	Price(s) and volume(s)
			Price	Volume
			0.00	65,515
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transactions	20 November 2019
f)	Place of the transactions	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jonathan Howell
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	Sale of shares to cover tax obligations arising from the vesting of shares under The Sage Buy Out Award
c)	Price(s) and volume(s)
			Price	Volume
			709.4p	30,855
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transactions	20 November 2019
f)	Place of the transactions	London Stock Exchange

Name of contact:	Mohor Roy
Telephone number of contact:	[phone]

 

END

 

 

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