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Sage Group PLC (SGE)

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Thursday 07 December, 2017

Sage Group PLC

Director/PDMR Shareholding

RNS Number : 7528Y
Sage Group PLC
07 December 2017
 

DIRECTOR/PDMR SHAREHOLDING

 

7 December 2017

 

The Sage Group plc. (the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities

 

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

 

On 7 December 2017 the person named below, who is a member of the Executive Committee of The Sage Group plc., was granted awards over ordinary shares of 14/77 pence each in The Sage Group plc. under The Sage Group Restricted Share Plan.  The maximum number of shares that may be acquired on the vesting of the award is specified opposite the participants' name. No price is payable either on the grant or vesting of an award. The awards will normally vest, subject to the satisfaction of performance conditions and continued employment, 50 per cent. on the first anniversary of the appointment date (which will be 9 October 2018) and 50 per cent. on the second Anniversary of the appointment date (which will be 9 October 2019). Awards are subject to malus and clawback.

 

 

Executive Committee Member

Maximum number of ordinary shares of 14/77 pence each in The Sage Group plc. that may be acquired on vesting of award

Sanjay Almeida

132,542

 

 

ANNEX

 

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Sanjay Almeida

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 Chief Product Delivery 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

 

 

Grant of share award

c)

 

Price(s) and volume(s)







Price

Volume




760.50 pence

132,542







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

7 December 2017

f)

 

Place of the transaction

 

 

London Stock Exchange

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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