Director/PDMR Shareholding

Sage Group PLC
19 May 2023
 

DIRECTOR/PDMR SHAREHOLDING

19 May 2023

The Sage Group plc. ("Sage")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them

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

Upon the vesting of awards granted under The Sage Group plc 2019 Restricted Share Plan ("RSP 2019"), on 18 May 2023 the undernoted PDMRs became entitled to the number of ordinary shares of 14/77 pence each in Sage ("Shares") noted below.

On 19 May 2023, Sage was notified that the PDMRs sold a number of Shares in respect of which they had become entitled at the price noted below, to cover the tax obligations arising on the vesting of the awards. The resultant aggregate total shareholding of the PDMRs is also set out below.

PDMR

Award

Number of ordinary shares acquired

Number of ordinary shares sold to cover tax obligations

Sale price per share

Resultant total shareholding

Aziz Benmalek

RSP 2019

28,743

8,698

£8.439354

56,212

Walid Abu-Hadba

RSP 2019

57,480

17,394

£8.439354

152,599

 

 

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

 

Vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021

 

c)

 

Price(s) and volume(s)







Price

Volume




Nil

28,743







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

18 May 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

 

Sale of ordinary shares to cover tax obligations arising from the vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021

c)

 

Price(s) and volume(s)







Price

Volume




£8.439354

8,698



 

 




d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

18 May 2023

f)

 

Place of the transaction

 

London Stock Exchange

 

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

 

Vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021

 

c)

 

Price(s) and volume(s)







Price

Volume




Nil

57,480







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

18 May 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

 

Sale of ordinary shares to cover tax obligations arising from the vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021

c)

 

Price(s) and volume(s)







Price

Volume




£8.439354

17,394



 

 




d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

18 May 2023

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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