Share buy-back programme

RNS Number : 5223N

Sage Group PLC

01 October 2012

 



1 October 2012

                                                 

Share buy-back programme

The Sage Group plc ("Sage" or the "Company") has appointed Deutsche Bank AG to manage an irrevocable buy-back programme during its close period within certain pre-set parameters. The buy-back programme will commence on 1 October 2012 and will run up to the announcement of the full-year results on 5 December 2012.

The maximum price to be paid is limited to no more than the higher of 105 per cent of the average middle market closing price of the Company's shares for the 5 dealing days preceding the date of purchase and that stipulated by Article 5 (1) of the Buy-back and Stabilisation Regulation.

Any shares purchased will count towards the Company's general buy-back authority of 10% of the issued share capital, as approved at the AGM on 29 February 2012. 

Sage confirms that it currently has no unpublished price sensitive information.

Enquiries

The Sage Group plc [phone]

Murdo Montgomery, Investor Relations

Tulchan Communications [phone]

David Shriver

Lucy Legh

About the Sage Group plc

The Sage Group plc is a leading global provider of business management software to small and medium sized companies, creating greater freedom for them to succeed. Sage understands how and why each business is unique. We provide products and services that suit varying needs, are a pleasure to use and are secure and efficient. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage has over 6 million customers and more than 13,600 employees in 24 countries covering the UK & Ireland, mainland Europe, North America, South Africa, Australia, Asia and Brazil. For further information please visit www.sage.com

 

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