REG - Sage Group PLC - Director/PDMR Shareholding

SageAnnouncement

08/12/2022 17:45

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RNS Number : 1324J  Sage Group PLC  08 December 2022

DIRECTOR/PDMR SHAREHOLDING

 

8 December 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.

In accordance with the terms and performance conditions of the award granted
to Steve Hare, Chief Executive Officer and PDMR, on 7 December 2017 under The
Sage Group plc 2015 Performance Share Plan ("PSP 2015"), 53,202 ordinary
shares of 1(4/77) pence each in the Company ("Shares") vested on 7 December
2020. The Shares were subject to a two-year holding period from vesting until
7 December 2022, when they became eligible for release.

On 7 December 2022, the award was settled in Shares. On 8 December 2022, the
Company was notified that on 7 December 2022, Steve Hare sold a number of
Shares in respect of which he had become entitled, to cover the tax
obligations arising from the release and settlement of the award in Shares.

 

 PDMR        Award     Number of Ordinary Shares Acquired  Number of Ordinary Shares Disposed  Sale price per share  Resultant Total Shareholding
 Steve Hare  PSP 2015  53,202                              25,056                              £7.869171             448,512

 

 

 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                                    Acquisition of Shares by PDMR following release and settlement of Shares

                                                            granted subject to an award under The Sage Group plc 2015 Performance Share
                                                                   Plan on 7 December 2017
 c)   Price(s) and volume(s)

                                                                                         Price                 Volume
                                                                                         Nil                   53,202

 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      7 December 2022

 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                                    Sale of Shares to cover tax obligations arising from the release and

                                                            settlement of Shares granted subject to an award under The Sage Group plc 2015
                                                                   Performance Share Plan on 7 December 2017
 c)   Price(s) and volume(s)

                                                                                         Price                 Volume
                                                                                         £7.869171             25,056

 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      7 December 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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