Share buyback programme

RNS Number : 1311B

Sage Group PLC

28 March 2013

 



28 March 2013

Share buyback progamme

The Sage Group plc ("Sage" or the "Company") has appointed Citigroup Global Markets Limited to manage an irrevocable buyback programme during its close period within certain pre-set parameters. The buyback programme will commence on 2 April 2013 and will run up to the announcement of the interim results on 8 May 2013.

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 Buyback and Stabilisation Regulation.

Any shares purchased will count towards the Company's general buyback authority of 10% of the issued share capital, as approved at the AGM on 1 March 2013. 

Sage confirms that it currently has no unpublished price sensitive information.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

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 13,500 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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