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Sage Group PLC (SGE)

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Monday 17 June, 2019

Sage Group PLC

Grant of Options under Sage Save & Share Plan

RNS Number : 5323C
Sage Group PLC
17 June 2019
 

 

                                                     17 June 2019

The Sage Group plc

 

The Sage Group plc ("Sage") announces that on 14 June 2019 it granted options ("Options") over a total of 1,002,584 ordinary shares of 14/77 pence each ("Ordinary Shares") to 1,655 employees pursuant to the all-employee Sage Save & Share Plan (the "Plan").

 

The Options are exercisable between 1 August 2022 and 31 January 2023. The exercise price was set at a 20% discount to the average middle market quotation of the three dealing days prior to the launch of the Plan on 23 May 2019 and is 604 pence per Ordinary Share*.  The invitation to join the plan was made available to all employees globally, who were employed on or before 7 May 2019.  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 0.0895% of the Company's issued share capital as at 14 June 2019.  The exercise of options on maturity is not dependent upon performance criteria.

 

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

Name

No. of options granted at 604** pence per share

Amanda Cusdin

894

Steve Hare

2,980

Lee Perkins

2,980

Ron McMurtrie

1,873

Robert Reid

20

Nikola McNicol-Kenney***

1,490

 

*Participants in the US have an exercise price of 652 pence per share.

The US exercise price was set at a 15% discount to the average middle market quotation of the three dealing days prior to the grant date of the Plan on 14 June 2019.

US participants have a 2-year savings period and options are exercisable between 1 August 2021 and 31 August 2021.

 

** Ron McMurtrie and Robert Reid are participating under the terms of the US Schedule to the Plan at an exercise price of 652 pence per share.  

 

***PCA to Lee Perkins

                                                                                                                                   



 

 

ANNEX

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the persons discharging managerial responsibilities

 

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 shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2022 and 31 January 2023.

 

c)

 

Price(s) and volume(s)


 Price

Volume

604p

894











d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 June 2019

f)

 

Place of the transaction

 

 

Off-market

 



 

1

 

Details of the persons discharging managerial responsibilities

 

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

 

 

Grant of options over shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2022 and 31 January 2023.

 

c)

 

Price(s) and volume(s)


 Price

Volume

604p

2,980











d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 June 2019

f)

 

Place of the transaction

 

 

Off-market

 



 

1

 

Details of the persons discharging managerial responsibilities

 

a)

 

Name

 

Lee Perkins

 

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

 

 

Grant of options over shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2022 and 31 January 2023.

 

c)

 

Price(s) and volume(s)


 Price

Volume

604p

2,980











d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 June 2019

f)

 

Place of the transaction

 

 

Off-market

 



 

1

 

Details of the persons discharging managerial responsibilities

 

a)

 

Name

 

Ron McMurtrie

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Marketing and Business Enablement 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 shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2021 and 31 August 2021.

 

c)

 

Price(s) and volume(s)


 Price

Volume

652p

1,873











d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 June 2019

f)

 

Place of the transaction

 

 

Off-market

 



 

1

 

Details of the persons discharging managerial responsibilities

 

a)

 

Name

 

Robert Reid

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Chairman Mid-Market Solutions and Managing Director, Sage Intacct

 

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 shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2021 and 31 August 2021.

 

c)

 

Price(s) and volume(s)


 Price

Volume

652p

20











d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 June 2019

f)

 

Place of the transaction

 

 

Off-market

 



 

1

 

Details of the persons 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 shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2022 and 31 January 2023.

 

c)

 

Price(s) and volume(s)


 Price

Volume

604p

1,490











d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 June 2019

f)

 

Place of the transaction

 

 

Off-market

 


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