Grant of Options under Sage Save & Share Plan

RNS Number : 2103Q

Sage Group PLC

04 June 2018

 

                                                                      4 June 2018

The Sage Group plc.

The Sage Group plc. ("Sage") announces that on 1 June 2018 it granted options ("Options") over a total of 1,519,163 ordinary shares of 1^4/77 pence each ("Ordinary Shares") to 1,712 employees pursuant to the all-employee Sage Save & Share Plan (the "Plan").

The Options are exercisable between 1 August 2021 and 31 January 2022. The exercise price was set at a 20% discount to the average middle market quotation of the three dealing days prior to the launch of the Plan on 9 May 2018 and is 516 pence per Ordinary Share*.  The allocation of share options was made available to all employees globally, who were employed on or before 2 May 2018.  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 0.1355% of the Company's current issued share capital.  The exercise of options on maturity is not dependent upon performance criteria.

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

Name	No. of options granted at 516 pence per share
Amanda Cusdin	1,744

*for all eligible countries except North America and France where the option price will be set on the grant date, 1 June 2018

Enquiries:

The Sage Group plc                                                                                         FTI Consulting

[phone]                                                                                        [phone]

Lauren Wholley, Investor Relations                                                        Charles Palmer

Amy Lawson, Corporate PR                                                                         Dwight Burden

ENDS

ANNEX

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the persons discharging managerial responsibilities
a)	Name	Amanda Cusdin
2	Reason for the notification
a)	Position/status	Chief People Officer (Interim)
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 shares under The Sage Group plc. Save & Share Plan, exercisable between 1 August 2021 and 1 February 2022.
c)	Price(s) and volume(s)		Price Volume 5.16 1,744
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	1 June 2018
f)	Place of the transaction	Off-market

 

END

 

 

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