Director/PDMR Shareholding

RNS Number : 0808C

Sage Group PLC

16 June 2021

 

DIRECTOR/ PDMR SHAREHOLDING

16 June 2021

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 UK Market Abuse Regulation.

Sage announces that on 14 June 2021 it granted options (the "Options") over a total of 1,920,662 ordinary shares of 1^4/77 pence each to 2,111 employees pursuant to the all-employee The Sage Save and Share Plan (the "Plan").

The invitation to join the Plan was made available to all employees of Sage globally, who were employed on or before 7 May 2021. 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 0.1714% of Sage's issued share capital as at 14 June 2021.  The exercise of Options on maturity is not dependent upon performance criteria.

The Options for UK participants are exercisable between 1 August 2024 and 31 January 2025 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 20 May 2021 and is 524 pence per ordinary share. 

The Options for US Participants* are exercisable between 1 August 2023 and 31 August 2023 with the exercise price set at a 15% discount to the average middle market quotation of the three dealing days prior to the grant date of the Plan on 14 June 2021 and is 558 pence per ordinary share.

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

PDMRs	Participating country	Number of Options granted	Option price per ordinary share
Vicki Bradin	UK	3,435	524 pence
Amanda Cusdin	UK	1,717	524 pence
Cath Keers	UK	3,435	524 pence
Aaron Harris*	US	2,087	558 pence

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	Vicki Bradin
2	Reason for the notification
a)	Position/status	General Counsel and Company Secretary
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 2024 and 31 January 2025
c)	Price(s) and volume(s)
			Price	Volume
			Nil	3,435
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	14 June 2021
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 2024 and 31 January 2025
c)	Price(s) and volume(s)
			Price	Volume
			Nil	1,717
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Cath Keers
2	Reason for the notification
a)	Position/status	Chief Marketing 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 2024 and 31 January 2025
c)	Price(s) and volume(s)
			Price	Volume
			Nil	3,435
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Aaron Harris
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	Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 August 2023
c)	Price(s) and volume(s)
			Price	Volume
			Nil	2,087
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue

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

 

END

 

 

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