Director/PDMR Shareholding

RNS Number : 1324J

Sage Group PLC

08 December 2022

 

DIRECTOR/PDMR SHAREHOLDING

8 December 2022

The Sage Group plc. (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

This notification relates to transactions notified in accordance with Article 19 of the Market Abuse Regulation.

In accordance with the terms and performance conditions of the award granted to Steve Hare, Chief Executive Officer and PDMR, on 7 December 2017 under The Sage Group plc 2015 Performance Share Plan ("PSP 2015"), 53,202 ordinary shares of 1^4/77 pence each in the Company ("Shares") vested on 7 December 2020. The Shares were subject to a two-year holding period from vesting until 7 December 2022, when they became eligible for release.

On 7 December 2022, the award was settled in Shares. On 8 December 2022, the Company was notified that on 7 December 2022, Steve Hare sold a number of Shares in respect of which he had become entitled, to cover the tax obligations arising from the release and settlement of the award in Shares.

PDMR	Award	Number of Ordinary Shares Acquired	Number of Ordinary Shares Disposed	Sale price per share	Resultant Total Shareholding
Steve Hare	PSP 2015	53,202	25,056	£7.869171	448,512

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Hare
2	Reason for the notification
a)	Position/status	Chief Executive 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	Acquisition of Shares by PDMR following release and settlement of Shares granted subject to an award under The Sage Group plc 2015 Performance Share Plan on 7 December 2017
c)	Price(s) and volume(s)
			Price	Volume
			Nil	53,202
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	7 December 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Hare
2	Reason for the notification
a)	Position/status	Chief Executive 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 Shares to cover tax obligations arising from the release and settlement of Shares granted subject to an award under The Sage Group plc 2015 Performance Share Plan on 7 December 2017
c)	Price(s) and volume(s)
			Price	Volume
			£7.869171	25,056
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	7 December 2022
f)	Place of the transaction	London Stock Exchange

Name of contact:	Mohor Roy
Telephone number of contact:	[phone]

 

END

 

 

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