REG - Sage Group PLC - Director/PDMR Shareholding

SageAnnouncement

01/08/2023 15:00

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RNS Number : 9546H  Sage Group PLC  01 August 2023

DIRECTOR/PDMR SHAREHOLDING

 

1 August 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(3) of the UK Market Abuse Regulation.

 

Sage announces that on 1 August 2023, Aaron Harris, Aziz Benmalek and Walid
Abu-Hadba, each, a person discharging managerial responsibilities for Sage,
acquired rights to purchase ordinary shares of 1(4/77) pence each in Sage
under the Sage Colleague Share Purchase Plan (the "CSPP"). The CSPP is an
all-employee share plan operated for Sage's US employees. The share purchase
will occur, subject to and in accordance with the CSPP rules, at the end of a
6-month offering period, on 1 February 2024.

 

In accordance with the CSPP rules, the purchase price per ordinary share will
be the lesser of 85% of the fair market value of an ordinary share as at (i)
the award date being 1 August 2023 and (ii) the purchase date, being 1
February 2024. Aaron Harris and Aziz Benmalek have elected to contribute USD
1,000 per month and Walid Abu-Hadba has elected to contribute USD 315 per
month. These contributions will be converted from USD to GBP using the
prevailing exchange rate at the time of purchase.

 

 

 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                                    Acquisition of right to purchase ordinary shares at the end of a six-month

                                                            offering period ending on 1 February 2024, at a purchase price to be
                                                                   determined on that date, in accordance with the CSPP rules.

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        Nil                  Nil

 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      1 August 2023

 f)   Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Aziz Benmalek

 2    Reason for the notification

 a)   Position/status                                              President - North America

 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 right to purchase ordinary shares at the end of a six-month

                                                            offering period ending on 1 February 2024, at a purchase price to be
                                                                   determined on that date, in accordance with the CSPP rules.

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        Nil                  Nil

 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      1 August 2023

 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                                    Acquisition of right to purchase ordinary shares at the end of a six-month

                                                            offering period ending on 1 February 2024, at a purchase price to be
                                                                   determined on that date, in accordance with the CSPP rules.

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        Nil                  Nil

 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      1 August 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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