REG - Sage Group PLC - Director/PDMR Shareholding

SageAnnouncement

18/11/2022 09:15

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RNS Number : 9025G  Sage Group PLC  18 November 2022

DIRECTOR/PDMR SHAREHOLDING

 

18 November 2022

The Sage Group plc. (the "Company")

Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")

This notification relates to transactions notified in accordance with Article
19 of the Market Abuse Regulation.

Jonathan Howell, Chief Financial Officer and PDMR, was granted a conditional
award on 11 December 2018, to replace share awards that he forfeited at Close
Brothers when he was appointed Chief Financial Officer of the Company (the
"Sage Buy Out Award"). In accordance with the terms and performance conditions
of the Sage Buy Out Award, 46,041 ordinary shares of 1(4/77) pence each in the
Company vested on 3 October 2020, and were subject to a two-year holding
period, until 3 October 2022, when they became eligible for release. The
release was deferred to 16 November 2022, due to closed period share dealing
restrictions.

On 16 November 2022, the Sage Buy Out Award was settled using shares held in
trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage
Group plc. Employee Benefit Trust. On 17 November 2022, the Company was
notified that on 16 November 2022, Jonathan Howell disposed of a number of
ordinary shares of 1(4/77) pence each, in respect of which he had become
beneficially entitled, to cover tax obligations arising from the release.

 

 PDMR             Award Plan          Number of Ordinary Shares Acquired  Number of Ordinary Shares Disposed  Sale price per share  Resultant Total Shareholding
 Jonathan Howell  Sage Buy Out Award  46,041                              22,260                              £7.843693             170,441

 

 

 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                                    Release of shares under the Sage Buy Out Award

 c)   Price(s) and volume(s)

                                                                                     Price             Volume
                                                                                     Nil               46,041

 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      16 November 2022

 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                                    Sale of shares to cover tax obligations arising from the release of shares

                                                            under the Sage Buy Out Award

 c)   Price(s) and volume(s)

                                                                                        Price                Volume
                                                                                        £7.843693            22,260

 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      16 November 2022

 f)   Place of the transaction                                     London Stock Exchange

 

 

 Name of contact:              Mohor Roy
 Telephone number of contact:  +44(0) 203 810 7200

 

 

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