REG - Sage Group PLC - Transaction in Own Shares

SageAnnouncement

13/03/2020 17:30

RNS Number : 1753G
  
Sage Group PLC
  
13 March 2020
  
 





Transaction in own shares




The Sage Group plc ("Sage" or the "Company") today announces that on 13 March 2020 it purchased a total of 252,000 of its ordinary shares of 1 ⁴/₇₇ pence each, as further detailed below.




 


 


 


 


 


 


 




 


 


Per Ordinary Share


 


 


 


 




 


Average price paid


£5.8270


 


 


 


 




 


Highest price paid


£6.0020


 


 


 


 




 


Lowest price paid


£5.6520


 


 


 


 




 


 


 


 


 


 


 




These share purchases form part of the Company's share buy-back programme, details of which were announced on 12 March 2020.




In respect of this programme, which will operate until not later than 13 January 2021, Citigroup Global Markets Limited ("Citigroup") and Morgan Stanley International ("Morgan Stanley") will make trading decisions in relation to shares purchased independently of, and uninfluenced by Sage.  




Any such share purchases will be effected within certain pre-set parameters, and in accordance with Sage's general authority to repurchase ordinary shares, Chapter 12 of the Listing Rules and those provisions of Market Abuse Regulation 596/2014/EU dealing with buy-back programmes.




The Company will hold the purchased shares in treasury, to be used to meet obligations arising from share option programmes or other allocations of shares to employees or directors. 




Following the above transaction, the issued share capital of Sage consists 1,120,789,295 ordinary shares of 1⁴/₇₇ pence each, of which 29,649,899 ordinary shares of 1⁴/₇₇ pence each would be held in treasury. Therefore, the total exercisable voting rights in Sage will be 1,091,139,396.




The above figure 1,091,139,396 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Sage under the DTRs. In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a schedule of individual trades by Citigroup is available using the following link:




http://www.rns-pdf.londonstockexchange.com/rns/1753G_1-2020-3-13.pdf


 


 


 


 




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