Share buyback programme

RNS Number : 6203D

Sage Group PLC

31 March 2014

 



31 March 2014

Share buyback programme

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 close period will commence on 1 April 2014 and will run up to the announcement of the half year results on 8 May 2014.

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 6 March 2014.

Sage confirms that it currently has no unpublished price sensitive information.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

Jonathan Sibun

About The Sage Group plc

We provide small and medium sized organisations with a range of easy-to-use, secure and efficient business management software and services - from accounting and payroll, to enterprise resource planning, customer relationship management and payments.  Our customers receive continuous advice and support through our global network of local experts to help them solve their business problems, giving them the confidence to achieve their business ambitions.  Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and entered the FTSE 100 in 1999. Sage has over 6 million customers and more than 12,700 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

 

END

 

 

MSCMMGFFDMKGDZM