Director/PDMR Shareholding

RNS Number : 9025G
Sage Group PLC
18 November 2022
 

DIRECTOR/PDMR SHAREHOLDING

 

18 November 2022

The Sage Group plc. (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

This notification relates to transactions notified in accordance with Article 19 of the Market Abuse Regulation.

Jonathan Howell, Chief Financial Officer and PDMR, was granted a conditional award on 11 December 2018, to replace share awards that he forfeited at Close Brothers when he was appointed Chief Financial Officer of the Company (the "Sage Buy Out Award"). In accordance with the terms and performance conditions of the Sage Buy Out Award, 46,041 ordinary shares of 14/77 pence each in the Company vested on 3 October 2020, and were subject to a two-year holding period, until 3 October 2022, when they became eligible for release. The release was deferred to 16 November 2022, due to closed period share dealing restrictions.

On 16 November 2022, the Sage Buy Out Award was settled using shares held in trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage Group plc. Employee Benefit Trust. On 17 November 2022, the Company was notified that on 16 November 2022, Jonathan Howell disposed of a number of ordinary shares of 14/77 pence each, in respect of which he had become beneficially entitled, to cover tax obligations arising from the release.

 

PDMR

Award Plan

Number of Ordinary Shares Acquired

Number of Ordinary Shares Disposed

Sale price per share

Resultant Total Shareholding

Jonathan Howell

Sage Buy Out Award

46,041

22,260

£7.843693

170,441

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Jonathan Howell

2

 

Reason for the notification

 

a)

 

Position/status

Chief Financial 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

 

Release of shares under the Sage Buy Out Award

c)

 

Price(s) and volume(s)







Price

Volume




Nil

46,041







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

16 November 2022

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Jonathan Howell

2

 

Reason for the notification

 

a)

 

Position/status

Chief Financial 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 release of shares under the Sage Buy Out Award

c)

 

Price(s) and volume(s)







Price

Volume




£7.843693

22,260







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

16 November 2022

f)

 

Place of the transaction

London Stock Exchange

 

 

Name of contact:

Mohor Roy

Telephone number of contact:

+44(0) 203 810 7200

 

 

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