REG - Sage Group PLC - Director/PDMR Shareholding

SageAnnouncement

17/12/2018 16:25

RNS Number : 7358K
Sage Group PLC
17 December 2018
 


DIRECTOR/PDMR SHAREHOLDING
 
17 December 2018
The Sage Group plc. (the Company)
Notification of Transactions of Persons Discharging Managerial Responsibilities
This notification relates to transactions notified in accordance with article 19 of the Market Abuse Regulation.
On the vesting of share plan awards on 14 December 2018 Steve Hare, who is a Director and Chief Executive Officer of The Sage Group plc. and Klaus-Michael Vogelberg, who is a member of the Executive Committee, became beneficially entitled to the number of ordinary shares of 14/77 pence each in the Company set out below, all of which were held in trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage Group plc Employee Benefit Trust.  On 14 December 2018 the Company was notified that they each disposed of the number of ordinary shares of 14/77 pence each set out below in respect of which they had become beneficially entitled, at the price per ordinary share set out below, to cover tax obligations arising from the vesting:
 




Executive Committee Member


Award Plan


Number of Ordinary Shares Acquired


Aggregate Number of Ordinary Shares Disposed


Average price in pence


Resultant Total Shareholding




Steve Hare


The Sage Group Deferred Bonus Plan


24,619


11,595


594.8p


280,792




Klaus-Michael Vogelberg


The Sage Group Deferred Bonus Plan


7,583


3,572


594.8p


348,374




 
 
 
 
 
 
ANNEX
 
Notifications 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


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
 


Vesting of shares under The Sage Group Deferred Bonus Plan.




c)
 


Price(s) and volume(s)


 


 


 


 




 


 


Price(s)


Volume(s)


 




 


 


0.00


24,619


 




 


 


 


 


 




d)
 


Aggregated information


N/A - single transaction




 


 




- Aggregated volume


 




 


 




- Price


 




 


 




e)
 


Date of the transactions


14 December 2018




f)
 


Place of the transactions
 


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 vesting of shares under The Sage Group Deferred Bonus Plan.




c)
 


Price(s) and volume(s)


 


 


 


 




 


 


Price(s)


Volume(s)


 




 


 


5.948


11,595


 




 


 


 


 


 




d)
 


Aggregated information


N/A - single transaction




 


 




- Aggregated volume


 




 


 




- Price


 




 


 




e)
 


Date of the transactions


14 December 2018




f)
 


Place of the transactions
 


London Stock Exchange




 




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 Technology 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 shares under The Sage Group Deferred Bonus Plan.




c)
 


Price(s) and volume(s)


 


 


 


 




 


 


Price(s)


Volume(s)


 




 


 


0.00


7,583


 




 


 


 


 


 




d)
 


Aggregated information


N/A - single transaction




 


 




- Aggregated volume


 




 


 




- Price


 




 


 




e)
 


Date of the transactions


14 December 2018




f)
 


Place of the transactions
 


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 Technology 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 vesting of shares under The Sage Group Deferred Bonus Plan.




c)
 


Price(s) and volume(s)


 


 


 


 




 


 


Price(s)


Volume(s)


 




 


 


5.948


3,572


 




 


 


 


 


 




d)
 


Aggregated information


N/A - single transaction




 


 




- Aggregated volume


 




 


 




- Price


 




 


 




e)
 


Date of the transactions


14 December 2018




f)
 


Place of the transactions
 


London Stock Exchange




 




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