Director/PDMR Shareholding

RNS Number : 8929U

Sage Group PLC

24 January 2017

 

DIRECTOR/PDMR SHAREHOLDING

24 January 2017

The Sage Group plc (the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities

This notification relates to transactions notified in accordance with DR 3.1.4R(1)(a).

On the vesting of an award under the Sage Group Performance Share Plan (the PSP) on 20 January 2017, the following member of the executive committee of the Company became beneficially entitled to the number of ordinary shares of 1^4/77 pence each in the Company set out below, all of which were held in trust by Intertrust Employee Benefit Trustee Limited as trustee of the Sage Group plc Employee Benefit Trust (the Trustee).  On 23 January 2017 the Company was notified that the following member of the executive committee disposed of the number of ordinary shares of 1^4/77 pence each set out below in respect of which the individual had become beneficially entitled under The Sage Group Performance Share Plan, at the price per ordinary share set out below, to cover tax obligations arising from the vesting.

Executive Committee Member	Number of Ordinary Shares Acquired	Aggregate Number of Ordinary Shares Disposed	Average price in pence	Resultant Total Shareholding
Steve Hare	80,451	38,598	6.31171p	41,853

On the vesting of an award under the Sage Group Restricted Share Plan (the RSP) on 20 January 2017, the following member of the executive committee of the Company became beneficially entitled to the number of ordinary shares of 1^4/77 pence each in the Company set out below, all of which were held in trust by Intertrust Employee Benefit Trustee Limited as trustee of the Sage Group plc Employee Benefit Trust (the Trustee).  On 23 January 2017 the Company was notified that the following member of the executive committee disposed of the number of ordinary shares of 1^4/77 pence each set out below in respect of which the individual had become beneficially entitled under The Sage Group Restricted Share Plan, at the price per ordinary share set out below, to cover tax obligations arising from the vesting

Executive Committee Member	Number of Ordinary Shares Acquired	Aggregate Number of Ordinary Shares Disposed	Average price in pence	Resultant Total Shareholding
Santiago Solanas	33,229	11,542	6.31171p	57,473

ANNEX

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1. Steve Hare 2. Santiago Solanas
2	Reason for the notification
a)	Position/status	1. Chief Financial Officer 2. Global Chief Marketing 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	1. Vesting of shares under the Sage Group Performance Share Plan 2. Vesting of shares under the Sage Group Restricted Share Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
		1	0.00	80,451
		2	0.00	33,229
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transactions	20 January 2017
f)	Place of the transactions	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1. Steve Hare 2. Santiago Solanas
2	Reason for the notification
a)	Position/status	1. Chief Financial Officer 2. Global Chief Marketing 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
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
		1	6.31171p	38,598
		2	6.31171p	11,542
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transactions	23 January 2017
f)	Place of the transactions	London Stock Exchange

 

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