Director/PDMR Shareholding

RNS Number : 8411P

Sage Group PLC

12 June 2020

 

DIRECTOR/ PDMR SHAREHOLDING

12 June 2020

The Sage Group plc. ("Sage")

Notification of Transactions of Persons Discharging Managerial Responsibilities

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

Sage announces that on 11 June 2020 it granted options (the "Options") over a total of 2,924,638 ordinary shares of 1^4/77 pence each to 2,742 employees pursuant to the all-employee The Sage Save and Share Plan (the "Plan").

The Options for UK participants are exercisable between 1 August 2023 and 31 January 2024 with the exercise price set at a 20% discount to the average middle market quotation of the three dealing days prior to the launch of the Plan on 19 May 2020 and is 511 pence per ordinary share.  The invitation to join the Plan was made available to all employees of Sage globally, who were employed on or before 6 May 2020. Employees are limited to a maximum saving of £500 per month (or equivalent in local currency) over the period of the Plan.  The grant of Options amounts to 0.2609% of Sage's issued share capital as at 11 June 2020.  The exercise of Options on maturity is not dependent upon performance criteria.

The following PDMRs and PCAs have applied to participate in the Plan and are included in the totals above as follows:

PDMRs and PCAs	Number of Options granted at 511 pence per ordinary share
Sue Goble	3,522
Amanda Cusdin	704
Derk Bleeker	3,522
Klaus-Michael Vogelberg	3,522
Nikola McNicol-Kenney*	1,409
Declan Hare**	704

*PCA to Lee Perkins

**PCA to Steve Hare

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	Sue Goble
2	Reason for the notification
a)	Position/status	Chief Customer Success 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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024
c)	Price(s) and volume(s)
			Price	Volume
			Nil	3,522
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	11 June 2020
f)	Place of the transaction	Outside a trading venue

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
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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024
c)	Price(s) and volume(s)
			Price	Volume
			Nil	704
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	11 June 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Derk Bleeker
2	Reason for the notification
a)	Position/status	Chief Corporate Development 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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024
c)	Price(s) and volume(s)
			Price	Volume
			Nil	3,522
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	11 June 2020
f)	Place of the transaction	Outside a trading venue

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 Architect and Technology Advisor
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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024
c)	Price(s) and volume(s)
			Price	Volume
			Nil	3,522
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	11 June 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nikola McNicol-Kenney
2	Reason for the notification
a)	Position/status	PCA to Lee Perkins
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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024
c)	Price(s) and volume(s)
			Price	Volume
			Nil	1,409
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	11 June 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Declan Hare
2	Reason for the notification
a)	Position/status	PCA to Steve Hare
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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024
c)	Price(s) and volume(s)
			Price	Volume
			Nil	704
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	11 June 2020
f)	Place of the transaction	Outside a trading venue

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

 

END

 

 

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