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RNS Number : 4211D Sage Group PLC 21 June 2023
DIRECTOR/PDMR SHAREHOLDING
21 June 2023
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 16 June 2023 it granted options (the "Options") over a
total of 1,579,315 ordinary shares of 1(4/77) pence each to 2,088 employees,
pursuant to the rules of The Sage Save and Share Plan (the "Plan").
The invitation to join the Plan was made available to all eligible employees
of Sage in countries participating in the Plan in 2023, who were employed on
or before 10 May 2023. 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 0.1435% of Sage's issued share capital as at 16 June
2023. The exercise of Options on maturity is not dependent upon performance
criteria.
The Options for UK participants are exercisable between 1 August 2026 and 31
January 2027 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 23 May 2023 and is £6.90 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
Steve Hare UK 2,608 £6.90
Amanda Cusdin UK 521 £6.90
Derk Bleeker UK 2,608 £6.90
Amy Lawson UK 521 £6.90
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 Options over ordinary shares under The Sage Save and Share Plan,
exercisable between 1 August 2026 and 31 January 2027
c) Price(s) and volume(s)
Price Volume
Nil 2,608
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 June 2023
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 2026 and 31 January 2027
c) Price(s) and volume(s)
Price Volume
Nil 521
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 June 2023
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 President - EMEA
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 2026 and 31 January 2027
c) Price(s) and volume(s)
Price Volume
Nil 2,608
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 June 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Amy Lawson
2 Reason for the notification
a) Position/status Chief Corporate Affairs 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 2026 and 31 January 2027
c) Price(s) and volume(s)
Price Volume
Nil 521
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 June 2023
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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