Information  X 
Enter a valid email address

Sage Group PLC (SGE)

  Print          Annual reports

Thursday 19 May, 2022

Sage Group PLC

Director/PDMR Shareholding

RNS Number : 1739M
Sage Group PLC
19 May 2022
 

DIRECTOR/PDMR SHAREHOLDING

19 May 2022

The Sage Group plc. ("Sage")

 

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them

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

Upon the vesting of The Sage Group plc 2019 Restricted Share Plan ("RSP 2019") awards on 18 May 2022, t he undernoted PDMRs, who are members of the Executive Leadership Team of Sage, became beneficially entitled to the number of ordinary shares of 14/77 pence each in Sage ("Shares") noted below. The Shares have been transferred from Treasury. The RSP 2019 awards were granted on 18 May 2021.

On 19 May 2022, Sage was notified that each PDMR disposed of the number of Shares in respect of which they had become beneficially entitled at the price noted below, to cover tax obligations arising from the vesting. The resultant total shareholding of the PDMRs is also included.

 

PDMR

Award

Number of ordinary shares acquired

Number of ordinary shares sold to cover tax obligations

Sale price per share

Resultant total shareholding

Aziz Benmalek

RSP 2019

28,025

7,526

£6.623491

20,499

Walid Abu-Hadba

 

RSP 2019

56,055

14,604

£6.623491

41,451

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Aziz Benmalek

2

 

Reason for the notification

 

a)

 

Position/status

President - North America (interim) and EVP Partners & Alliances

 

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

 

Vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021

 

c)

 

Price(s) and volume(s)







Price

Volume




Nil

28,025







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

18 May 2022

f)

 

Place of the transaction

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Aziz Benmalek

2

 

Reason for the notification

 

a)

 

Position/status

President - North America (interim) and EVP Partners & Alliances

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 to cover tax obligations arising from the vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021

 

c)

 

Price(s) and volume(s)







Price

Volume




£6.623491

7,526



 

 




d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

18 May 2022

f)

 

Place of the transaction

 

London Stock Exchange

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Walid Abu-Hadba

2

 

Reason for the notification

 

a)

 

Position/status

Chief Product 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

 

Vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021

 

 

 

 

c)

 

Price(s) and volume(s)







Price

Volume




Nil

56,055






 

 

 

d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

18 May 2022

f)

 

Place of the transaction

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Walid Abu-Hadba

2

 

Reason for the notification

 

a)

 

Position/status

Chief Product 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 to cover tax obligations arising from the vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021

 

c)

 

Price(s) and volume(s)







Price

Volume




£6.623491

14,604







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

18 May 2022

f)

 

Place of the transaction

London Stock Exchange

 

 

Name of contact:

Mohor Roy, Deputy Company Secretary

Telephone number of contact:

+ 44(0) 203 810 7200

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHALMFTMTJBBJT

a d v e r t i s e m e n t