REG - Sage Group PLC - Director/PDMR Shareholding

SageAnnouncement

16/09/2019 11:05

RNS Number : 4483M
Sage Group PLC
16 September 2019
 


DIRECTOR/PDMR SHAREHOLDING
 
16 September 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 the vesting of Sage Group Restricted Share Plan awards on 13 September 2019, Amanda Cusdin, who is a member of the Executive Committee of the Company, became beneficially entitled to the number of Ordinary shares of 14/77 pence each in the Company set out below, all of which have been transferred from shares held in Treasury. On 13 September 2019 the Company was notified that Amanda Cusdin disposed off the number of Ordinary shares of 14/77 pence each set out below in respect of which she had become beneficially entitled, at the price per Ordinary share set out below, to cover tax obligations arising from the vesting.
 




Executive Committee Member


Award Plan


Number of Ordinary Shares Acquired


Number of Ordinary Shares Disposed


Average price in pence


Resultant Total Shareholding




Amanda Cusdin


The Sage Group Restricted Share Plan


18,585


8,381


£6.63488


18,083




 
ANNEX
 
Notifications 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


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
 


Vesting of shares under The Sage Group Restricted Share Plan




c)
 


Price(s) and volume(s)


 


 


 


 




 


 


Price(s)


Volume(s)


 




 


 


0.00


18,585


 




 


 


 


 


 




d)
 


Aggregated information


N/A - single transaction




 


 




- Aggregated volume


 




 


 




- Price


 




 


 




e)
 


Date of the transactions


13 September 2019




f)
 


Place of the transactions
 


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
 


Sale of shares to cover tax obligations arising from the vesting of shares under The Sage Group Restricted Share Plan




c)
 


Price(s) and volume(s)


 


 


 


 




 


 


Price(s)


Volume(s)


 




 


 


£6.63488


8,381


 




 


 


 


 


 




d)
 


Aggregated information


N/A - single transaction




 


 




- Aggregated volume


 




 


 




- Price


 




 


 




e)
 


Date of the transactions


13 September 2019




f)
 


Place of the transactions
 


London Stock Exchange




 
 




Name of contact:


Mohor Roy




Telephone number of contact:


+44(0) 191 294 3457




 
 
 




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