REG - Sage Group PLC - Director/PDMR Shareholding

SageAnnouncement

16/06/2022 15:45

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RNS Number : 1959P  Sage Group PLC  16 June 2022

DIRECTOR/ PDMR SHAREHOLDING

 

16 June 2022

 

 

The Sage Group plc. ("Sage")

 

 

Notification of Transactions by 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 2022 it granted options (the "Options") over a
total of 1,628,085 ordinary shares of 1(4/77) pence each to 2,012 employees,
pursuant to 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 9 May 2022. 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 0.1479% of Sage's issued
share capital as at 14 June 2022.  The exercise of Options on maturity is not
dependent upon performance criteria.

 

The Options for UK participants are exercisable between 1 August 2025 and 31
January 2026 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 19 May 2022 and is 533 pence per ordinary share.

The Options for US Participants* are exercisable between 1 August 2024 and 31
August 2024 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 2022 and is 533 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
 Amanda Cusdin     UK                     1,013                      533 pence
 Walid Abu-Hadba*  US                     2,471                      533 pence

 

 

 

 

 

 

 

 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 2025 and 31 January 2026

 c)   Price(s) and volume(s)

                                                                                        Price                Volume
                                                                                        Nil                  1,013

 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      14 June 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                                    Grant of Options over ordinary shares under The Sage Save and Share Plan,

                                                            exercisable between 1 August 2024 and 31 August 2024

 c)   Price(s) and volume(s)

                                                                                        Price                Volume
                                                                                        Nil                  2,471

 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      14 June 2022

 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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