Director/PDMR Shareholding

RNS Number : 9773I
Sage Group PLC
07 December 2022
 

DIRECTOR/PDMR SHAREHOLDING

7 December 2022

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 2016 Deferred Share Bonus Plan ("DSBP 2016") and The Sage Group plc 2019 Restricted Share Plan ("RSP 2019") on 2 December 2022 and 4 December 2022, respectively, the undernoted PDMR became entitled to the number of ordinary shares of 14/77 pence each in Sage ("Shares") noted below.

On 6 and 7 December 2022, Sage was notified that the PDMR sold a number of Shares in respect of which they had become entitled at the price noted below, to cover the income tax and social security obligations arising on the vesting of the awards. The resultant aggregate total shareholding of the PDMR 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

Aaron Harris

DSBP 2016

7,369

2,959

£7.875165

391,461

Aaron Harris

RSP 2019

25,140

9,913

£7.917303

 

 

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

 

Delivery of ordinary shares following vesting of an award under The Sage 2016 Deferred Share Bonus Plan, granted on 2 December 2019

c)

 

Price(s) and volume(s)







Price

Volume




Nil

7,369







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

6 December 2022

f)

 

Place of the transaction

 

Outside a trading venue

 

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

 

Sale of ordinary shares to cover tax obligations arising from the vesting of ordinary shares under The Sage 2016 Deferred Share Bonus Plan, granted on 2 December 2019

 

c)

 

Price(s) and volume(s)







Price

Volume




£7.875165

2,959



 

 




d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

6 December 2022

f)

 

Place of the transaction

 

London Stock Exchange

 

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

 

Delivery of ordinary shares following vesting of an award under The Sage Group plc 2019 Restricted Share Plan, granted on 4 December 2018

c)

 

Price(s) and volume(s)







Price

Volume




Nil

25,140







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

5 December 2022

f)

 

Place of the transaction

 

Outside a trading venue

 

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

 

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 4 December 2018

c)

 

Price(s) and volume(s)







Price

Volume




£ 7.917303

9,913



 

 




d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

5 December 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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