Sage Group PLC

Director/PDMR Shareholding

RNS Number : 8411P
Sage Group PLC
12 June 2020
 

DIRECTOR/ PDMR SHAREHOLDING

 

12 June 2020

 

 

The Sage Group plc. ("Sage")

 

 

Notification of Transactions of Persons Discharging Managerial Responsibilities

 

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

 

Sage announces that on 11 June 2020 it granted options (the "Options") over a total of 2,924,638 ordinary shares of 14/77 pence each to 2,742 employees pursuant to the all-employee The Sage Save and Share Plan (the "Plan").

 

The Options for UK participants are exercisable between 1 August 2023 and 31 January 2024 with the exercise price set at a 20% discount to the average middle market quotation of the three dealing days prior to the launch of the Plan on 19 May 2020 and is 511 pence per ordinary share.  The invitation to join the Plan was made available to all employees of Sage globally, who were employed on or before 6 May 2020. Employees are limited to a maximum saving of £500 per month (or equivalent in local currency) over the period of the Plan.  The grant of Options amounts to 0.2609% of Sage's issued share capital as at 11 June 2020.  The exercise of Options on maturity is not dependent upon performance criteria.

The following PDMRs and PCAs have applied to participate in the Plan and are included in the totals above as follows:

 

PDMRs and PCAs

Number of Options granted at 511 pence per ordinary share

Sue Goble

3,522

Amanda Cusdin

704

Derk Bleeker

3,522

Klaus-Michael Vogelberg

3,522

Nikola McNicol-Kenney*

1,409

Declan Hare**

704

 

*PCA to Lee Perkins

**PCA to Steve Hare

 

ANNEX

 

Templates 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

 

 

Sue Goble

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Customer Success 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

 

 

Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024

c)

 

Price(s) and volume(s)







Price

Volume




Nil

3,522







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

11 June 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Amanda Cusdin

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief People 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

 

 

Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024

c)

 

Price(s) and volume(s)







Price

Volume




Nil

704







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

11 June 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Derk Bleeker

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Corporate Development 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

 

 

Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024

c)

 

Price(s) and volume(s)







Price

Volume




Nil

3,522







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

11 June 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

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 Architect and Technology Advisor

 

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

 

 

Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024

c)

 

Price(s) and volume(s)







Price

Volume




Nil

3,522







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

11 June 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Nikola McNicol-Kenney

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA to Lee Perkins

 

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

 

 

Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024

c)

 

Price(s) and volume(s)







Price

Volume




Nil

1,409







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

11 June 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Declan Hare

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA to Steve Hare

 

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

 

 

Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024

c)

 

Price(s) and volume(s)







Price

Volume




Nil

704







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

11 June 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

Name of contact:

Mohor Roy

Telephone number of contact:

+44(0) 203 810 7200

 


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