REG - Sage Group PLC - Director/PDMR Shareholding

SageAnnouncement

20/05/2019 16:25

RNS Number : 6041Z
Sage Group PLC
20 May 2019
 


PDMR SHAREHOLDING
 
20 May 2019
 
 
The Sage Group plc. (the "Company")
 
 
Notification of Transactions of Persons Discharging Managerial Responsibilities
 
This notification relates to transactions notified in accordance with article 19 of the Market Abuse Regulation.
 
On 20 May 2019 the persons named below, who are Persons Discharging Managerial Responsibilities of The Sage Group plc., were granted awards over ordinary shares of 14/77 pence each in The Sage Group plc. under each of The Sage Group plc. 2019 Restricted Share Plan (RSP), The Sage Group plc. 2015 Performance Share Plan (PSP) and The Sage Group plc. 2017 Share Option Plan (SOP) respectively as shown below. The maximum number of shares that may be acquired on the vesting of the award is specified opposite each participant's name below. No price is payable either on the grant or vesting of an RSP or a PSP award. An exercise price of £7.468 per share is payable in respect of the SOP award. Awards will normally vest, subject to continued employment and performance conditions (where applicable) according to the schedule below. Awards are subject to malus and clawback.
 
Awards will vest according to the following schedule:
 
One-third of the RSP award of Rob Reid will vest on each of 4 December 2019, 4 December 2020 and 4 December 2021.
 
The SOP award of Rob Reid will vest on 4 December 2021.
 
The PSP award of Lee Perkins will vest on 4 December 2021.
 
 




Persons Discharging Managerial Responsibilities


Maximum number of ordinary shares of 14/77 pence each in The Sage Group plc. that may be acquired on vesting of award




RSP


PSP


SOP


Total




Lee Perkins


N/A


32,806


N/A


32,806




Rob Reid


63,262


N/A


63,261


126,523




 
 
 
ANNEX
 
Templates for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
 
 
 
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 


 Lee Perkins




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 share award under The Sage Group plc. 2015 Performance Share Plan




c)
 


Price(s) and volume(s)


 


 


 


 




 


 


Price


Volume


 




 


 


nil


32,806


 




 


 


 


 


 




d)
 


Aggregated information


N/A - single transaction




 


 




- Aggregated volume


 




 


 




- Price


 




 


 




e)
 


Date of the transaction
 
 


20 May 2019




f)
 


Place of the transaction
 
 


Outside a trading venue




 
 
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Rob Reid
 
 




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Chairman Mid-Market Solutions
 
 




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 share award under The Sage Group plc 2019 Restricted Share Plan




c)
 


Price(s) and volume(s)


 


 


 


 




 


 


Price


Volume


 




 


 


nil


63,262


 




 


 


 


 


 




d)
 


Aggregated information


N/A - single transaction




 


 




- Aggregated volume


 




 


 




- Price


 




 


 




e)
 


Date of the transaction
 
 


20 May 2019




f)
 


Place of the transaction
 
 


Outside a trading venue




 
 
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Rob Reid
 
 




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Chairman Mid-Market Solutions
 




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 share award under The Sage Group plc. 2017 Share Option Plan




c)
 


Price(s) and volume(s)


 


 


 


 




 


 


Price


Volume


 




 


 


nil


63,261


 




 


 


 


 


 




d)
 


Aggregated information


N/A - single transaction




 


 




- Aggregated volume


 




 


 




- Price


 




 


 




e)
 


Date of the transaction
 
 


20 May 2019




f)
 


Place of the transaction
 
 


Outside a trading venue




 
 




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