Director/PDMR Shareholding

Sage Group PLC
01 August 2023
 

DIRECTOR/PDMR SHAREHOLDING

 

1 August 2023

 

The Sage Group plc. ("Sage")

 

Notification of Transactions by Persons Discharging Managerial Responsibilities

 

This notification relates to transactions notified in accordance with Article 19(3) of the UK Market Abuse Regulation.

 

Sage announces that on 1 August 2023, Aaron Harris, Aziz Benmalek and Walid Abu-Hadba, each, a person discharging managerial responsibilities for Sage, acquired rights to purchase ordinary shares of 14/77 pence each in Sage under the Sage Colleague Share Purchase Plan (the "CSPP"). The CSPP is an all-employee share plan operated for Sage's US employees. The share purchase will occur, subject to and in accordance with the CSPP rules, at the end of a 6-month offering period, on 1 February 2024.

 

In accordance with the CSPP rules, the purchase price per ordinary share will be the lesser of 85% of the fair market value of an ordinary share as at (i) the award date being 1 August 2023 and (ii) the purchase date, being 1 February 2024. Aaron Harris and Aziz Benmalek have elected to contribute USD 1,000 per month and Walid Abu-Hadba has elected to contribute USD 315 per month. These contributions will be converted from USD to GBP using the prevailing exchange rate at the time of purchase.

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Aaron Harris

2

 

Reason for the notification

 

a)

 

Position/status

Chief Technology 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

 

Acquisition of right to purchase ordinary shares at the end of a six-month offering period ending on 1 February 2024, at a purchase price to be determined on that date, in accordance with the CSPP rules.

 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

Nil







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

1 August 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

 

Acquisition of right to purchase ordinary shares at the end of a six-month offering period ending on 1 February 2024, at a purchase price to be determined on that date, in accordance with the CSPP rules.

 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

Nil







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

1 August 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

 

Acquisition of right to purchase ordinary shares at the end of a six-month offering period ending on 1 February 2024, at a purchase price to be determined on that date, in accordance with the CSPP rules.

 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

Nil







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

1 August 2023

 

f)

 

Place of the transaction

 

Outside a trading venue

 

 

Name of contact:

Mohor Roy

Telephone number of contact:

+44(0) 203 810 7200

 

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