REG - Sage Group PLC - Director/PDMR Shareholding

SageAnnouncement

16/06/2021 09:20

RNS Number : 0808C
  
Sage Group PLC
  
16 June 2021
  
 

DIRECTOR/ PDMR SHAREHOLDING
 
16 June 2021 
 
 
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 UK Market Abuse Regulation.
 
Sage announces that on 14 June 2021 it granted options (the "Options") over a total of 1,920,662 ordinary shares of 14/77 pence each to 2,111 employees pursuant to the all-employee The Sage Save and Share Plan (the "Plan"). 
 
The invitation to join the Plan was made available to all employees of Sage globally, who were employed on or before 7 May 2021. 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 0.1714% of Sage's issued share capital as at 14 June 2021.  The exercise of Options on maturity is not dependent upon performance criteria.
 
The Options for UK participants are exercisable between 1 August 2024 and 31 January 2025 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 20 May 2021 and is 524 pence per ordinary share.  
The Options for US Participants* are exercisable between 1 August 2023 and 31 August 2023 with the exercise price 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 2021 and is 558 pence per ordinary share.
The following PDMRs have applied to participate in the Plan and are included in the totals above as follows:
 



PDMRs 


Participating country


Number of Options granted


Option price per ordinary share




Vicki Bradin


UK


3,435


524 pence




Amanda Cusdin


UK


1,717


524 pence




Cath Keers


UK


3,435


524 pence




Aaron Harris*


US


2,087


558 pence



 
 
 
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 
 
 


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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2024 and 31 January 2025




c) 
 


Price(s) and volume(s) 




























Price


Volume
















Nil


3,435






























d) 
 


Aggregated information 


N/A - single transaction














- Aggregated volume


















- Price


















e) 
 


Date of the transaction 
 
 


14 June 2021




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 2024 and 31 January 2025




c) 
 


Price(s) and volume(s) 




























Price


Volume
















Nil


1,717






























d) 
 


Aggregated information 


N/A - single transaction














- Aggregated volume


















- Price


















e) 
 


Date of the transaction 
 
 


14 June 2021




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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2024 and 31 January 2025




c) 
 


Price(s) and volume(s) 




























Price


Volume
















Nil


3,435






























d) 
 


Aggregated information 


N/A - single transaction














- Aggregated volume


















- Price


















e) 
 


Date of the transaction 
 
 


14 June 2021




f) 
 


Place of the transaction 
 
 


Outside a trading venue



 



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




c) 
 


Price(s) and volume(s) 




























Price


Volume
















Nil


2,087






























d) 
 


Aggregated information 


N/A - single transaction














- Aggregated volume


















- Price


















e) 
 


Date of the transaction 
 
 


14 June 2021




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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