Director/PDMR Shareholding

RNS Number : 9773I

Sage Group PLC

07 December 2022

 

DIRECTOR/PDMR SHAREHOLDING

7 December 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 awards granted under The Sage 2016 Deferred Share Bonus Plan ("DSBP 2016") and The Sage Group plc 2019 Restricted Share Plan ("RSP 2019") on 2 December 2022 and 4 December 2022, respectively, the undernoted PDMR became entitled to the number of ordinary shares of 1^4/77 pence each in Sage ("Shares") noted below.

On 6 and 7 December 2022, Sage was notified that the PDMR sold a number of Shares in respect of which they had become entitled at the price noted below, to cover the income tax and social security obligations arising on the vesting of the awards. The resultant aggregate total shareholding of the PDMR is also set out below.

PDMR	Award	Number of ordinary shares acquired	Number of ordinary shares sold to cover tax obligations	Sale price per share	Resultant total shareholding
Aaron Harris	DSBP 2016	7,369	2,959	£7.875165	391,461
Aaron Harris	RSP 2019	25,140	9,913	£7.917303

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	Delivery of ordinary shares following vesting of an award under The Sage 2016 Deferred Share Bonus Plan, granted on 2 December 2019
c)	Price(s) and volume(s)
			Price	Volume
			Nil	7,369
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	6 December 2022
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	Sale of ordinary shares to cover tax obligations arising from the vesting of ordinary shares under The Sage 2016 Deferred Share Bonus Plan, granted on 2 December 2019
c)	Price(s) and volume(s)
			Price	Volume
			£7.875165	2,959
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	6 December 2022
f)	Place of the transaction	London Stock Exchange

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	Delivery of ordinary shares following vesting of an award under The Sage Group plc 2019 Restricted Share Plan, granted on 4 December 2018
c)	Price(s) and volume(s)
			Price	Volume
			Nil	25,140
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	5 December 2022
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	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 4 December 2018
c)	Price(s) and volume(s)
			Price	Volume
			£ 7.917303	9,913
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	5 December 2022
f)	Place of the transaction	London Stock Exchange

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

 

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