Director/PDMR Shareholding

RNS Number : 1739M

Sage Group PLC

19 May 2022

 

DIRECTOR/PDMR SHAREHOLDING

19 May 2022

The Sage Group plc. ("Sage")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them

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

Upon the vesting of The Sage Group plc 2019 Restricted Share Plan ("RSP 2019") awards on 18 May 2022, t he undernoted PDMRs, who are members of the Executive Leadership Team of Sage, became beneficially entitled to the number of ordinary shares of 1^4/77 pence each in Sage ("Shares") noted below. The Shares have been transferred from Treasury. The RSP 2019 awards were granted on 18 May 2021.

On 19 May 2022, Sage was notified that each PDMR disposed of the number of Shares in respect of which they had become beneficially entitled at the price noted below, to cover tax obligations arising from the vesting. The resultant total shareholding of the PDMRs is also included.

PDMR	Award	Number of ordinary shares acquired	Number of ordinary shares sold to cover tax obligations	Sale price per share	Resultant total shareholding
Aziz Benmalek	RSP 2019	28,025	7,526	£6.623491	20,499
Walid Abu-Hadba	RSP 2019	56,055	14,604	£6.623491	41,451

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Aziz Benmalek
2	Reason for the notification
a)	Position/status	President - North America (interim) and EVP Partners & Alliances
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 ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021
c)	Price(s) and volume(s)
			Price	Volume
			Nil	28,025
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	18 May 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Aziz Benmalek
2	Reason for the notification
a)	Position/status	President - North America (interim) and EVP Partners & Alliances
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 ordinary shares to cover tax obligations arising from the vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021
c)	Price(s) and volume(s)
			Price	Volume
			£6.623491	7,526
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	18 May 2022
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Walid Abu-Hadba
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	Vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021
c)	Price(s) and volume(s)
			Price	Volume
			Nil	56,055
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	18 May 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Walid Abu-Hadba
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	Sale of ordinary shares to cover tax obligations arising from the vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021
c)	Price(s) and volume(s)
			Price	Volume
			£6.623491	14,604
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	18 May 2022
f)	Place of the transaction	London Stock Exchange

Name of contact:	Mohor Roy, Deputy Company Secretary
Telephone number of contact:	+ 44(0) 203 810 7200

 

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