REG - Sage Group PLC - Director/PDMR Shareholding
DIRECTOR/ PDMR SHAREHOLDING
3 December 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.
On 2 December 2020 the persons named below, who are Directors and members of the Executive Committee of Sage including a PCA ("PDMRs and PCA"), were granted awards over ordinary shares of 14/77 pence each in Sage under each of
· The Sage 2016 Deferred Share Bonus Plan (DSBP);
· The Sage Group plc 2015 Performance Share Plan (PSP); and
· The Sage Group plc 2019 Restricted Share Plan (RSP)
respectively as shown below (the "Awards"). The maximum number of shares that may be acquired on the vesting of the Awards is specified opposite each participant's name below.
No price is payable either on the grant or vesting of the Awards.
The Awards will vest on 2 December 2023, subject, as applicable, to continued employment, performance conditions (applicable for PSP only) and satisfaction of financial underpin requirement (applicable for RSP only) unless indicated otherwise below.
* The PSP awards of Steve Hare and Jonathan Howell are subject to a two-year holding period after the vesting date with the vested shares scheduled to be released on 2 December 2025.
** The RSP award of Cath Keers will vest as set out below:
· 33,163 ordinary shares of 14/77 pence each in Sage will vest on 2 December 2022; and
· 66,326 ordinary shares of 14/77 pence each in Sage will vest on 2 December 2023.
*** Nikola McNicol-Kenney is a PCA to Lee Perkins and does not have a financial underpin requirement under her RSP award.
The Awards are subject to malus (withholding) and recovery (clawback).
PDMRs and PCA
Maximum number of ordinary shares of 14/77 pence each in Sage that may be acquired on vesting of the Awards
DSBP
PSP
RSP
Total
Aaron Harris
6,759
55,126
61,885
Amanda Cusdin
7,227
55,272
62,499
Cath Keers
99,489**
99,489
Derk Bleeker
6,802
51,020
57,822
Jonathan Howell
10,225
185,374*
195,599
Keith Robinson
3,314
53,741
57,055
Lee Perkins
12,597
90,986
103,583
Nikola McNicol-Kenney***
18,367
18,367
Steve Hare
14,260
267,006*
281,266
Sue Goble
6,292
51,020
57,312
Vicki Bradin
6,268
51,020
57,288
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
Aaron Harris
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
Grant of share awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan
c)
Price(s) and volume(s)
Price
Volume
nil
61,885
d)
Aggregated information
N/A - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
2 December 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 share awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan
c)
Price(s) and volume(s)
Price
Volume
nil
62,499
d)
Aggregated information
N/A - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
2 December 2020
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Cath Keers
2
Reason for the notification
a)
Position/status
Chief Marketing 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 share awards under The Sage Group plc 2019 Restricted Share Plan
c)
Price(s) and volume(s)
Price
Volume
nil
99,489
d)
Aggregated information
N/A - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
2 December 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 share awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan
c)
Price(s) and volume(s)
Price
Volume
nil
57,822
d)
Aggregated information
N/A - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
2 December 2020
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jonathan Howell
2
Reason for the notification
a)
Position/status
Chief Financial 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 share awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2015 Performance Share Plan
c)
Price(s) and volume(s)
Price
Volume
nil
195,599
d)
Aggregated information
N/A - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
2 December 2020
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Keith Robinson
2
Reason for the notification
a)
Position/status
Chief Strategy 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 share awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan
c)
Price(s) and volume(s)
Price
Volume
nil
57,055
d)
Aggregated information
N/A - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
2 December 2020
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lee Perkins
2
Reason for the notification
a)
Position/status
Chief Operating 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 share awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan
c)
Price(s) and volume(s)
Price
Volume
nil
103,583
d)
Aggregated information
N/A - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
2 December 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 share awards under The Sage Group plc 2019 Restricted Share Plan
c)
Price(s) and volume(s)
Price
Volume
nil
18,367
d)
Aggregated information
N/A - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
2 December 2020
f)
Place of the transaction
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
Grant of share awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2015 Performance Share Plan
c)
Price(s) and volume(s)
Price
Volume
Nil
281,266
d)
Aggregated information
N/A - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
2 December 2020
f)
Place of the transaction
Outside a trading venue
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 share awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan
c)
Price(s) and volume(s)
Price
Volume
nil
57,312
d)
Aggregated information
N/A - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
2 December 2020
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Vicki Bradin
2
Reason for the notification
a)
Position/status
General Counsel and Company Secretary
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 share awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan
c)
Price(s) and volume(s)
Price
Volume
nil
57,288
d)
Aggregated information
N/A - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
2 December 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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