Share buy-back programme

RNS Number : 6399A

Sage Group PLC

02 April 2012

 

2 April 2012

Share buy-back programme

The Sage Group plc ("Sage" or "the Company") Sage has appointed Deutsche Bank AG to manage an irrevocable buy-back programme during its close period within certain pre-set parameters. The buy-back programme will commence on 2 April 2012 and will run up to the announcement of the Interim results on 9 May 2012.

The maximum price to be paid is limited to no more than the higher of 105 per cent of the average middle market closing price of the Company's shares for the 5 dealing days preceding the date of purchase and that stipulated by Article 5 (1) of the Buy-back and Stabilisation Regulation.

Any shares purchased will count towards the Company's general buy-back authority of 10% of the issued share capital, as approved at the AGM on 29 February 2012. 

Sage confirms that it currently has no unpublished price sensitive information.

Enquiries

The Sage Group plc

 [phone]

Guy Berruyer, Chief Executive

Paul Harrison, Group Finance Director

Murdo Montgomery, Investor Relations

Tulchan Communications

[phone]

David Shriver

Lucy Legh

 

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