Statement re Archer lawsuit finding

RNS Number : 4109X

Sage Group PLC

28 August 2015

 



28 August 2015

The Sage Group plc

Statement regarding Archer lawsuit finding

The Sage Group plc ("Sage") notes that judgment has been received in respect of the claim for damages made by the former shareholders of MYOB (including funds managed by Archer Capital ("the Applicants") relating to Sage's potential purchase of MYOB in 2011. The Applicants' claims have been dismissed on all counts and Sage will be taking steps to recover costs incurred by it in defending the proceedings.

Enquiries:

Tulchan Communications [phone]

David Shriver

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