Director/PDMR Shareholding

RNS Number : 2053N

Sage Group PLC

04 August 2017

 

DIRECTOR/PDMR SHAREHOLDING

4 August 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 4 August 2017, the following members 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 4 August 2017 the Company was notified that the following members 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	197,765	93,136	681.1426p	146,482
Klaus-Michael Vogelburg	93,733	44,143	681.1426p	295,002

ANNEX

Template for notification 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	Steve Hare
2	Reason for the notification
a)	Position/status	Chief Financial 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	Share sale (sell to cover tax)
c)	Price(s) and volume(s)
			Price	Volume
			681.1426 pence	93,136
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	4 August 2017
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Klaus-Michael Vogelberg
2	Reason for the notification
a)	Position/status	Chief Technology 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	Share sale (sell to cover tax)
c)	Price(s) and volume(s)
			Price	Volume
			681.1426 pence	44,143
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	4 August 2017
f)	Place of the transaction	London Stock Exchange

 

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