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Sage Group PLC (SGE)

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Thursday 03 December, 2020

Sage Group PLC

Director/PDMR Shareholding

RNS Number : 5246H
Sage Group PLC
03 December 2020
 

DIRECTOR/ PDMR SHAREHOLDING

 

3 December 2020

 

 

The Sage Group plc. ("Sage")

 

 

Notification of Transactions of Persons Discharging Managerial Responsibilities

 

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

 

On 2 December 2020 the persons named below, who are Directors and members of the Executive Committee of Sage including a PCA ("PDMRs and PCA"), were granted awards over ordinary shares of 14/77 pence each in Sage under each of

· The Sage 2016 Deferred Share Bonus Plan (DSBP);

· The Sage Group plc 2015 Performance Share Plan (PSP); and

· The Sage Group plc 2019 Restricted Share Plan (RSP)

respectively as shown below (the "Awards"). The maximum number of shares that may be acquired on the vesting of the Awards is specified opposite each participant's name below.

 

No price is payable either on the grant or vesting of the Awards.

 

The Awards will vest on 2 December 2023, subject, as applicable, to continued employment, performance conditions (applicable for PSP only) and satisfaction of financial underpin requirement (applicable for RSP only) unless indicated otherwise below.

* The PSP awards of Steve Hare and Jonathan Howell are subject to a two-year holding period after the vesting date with the vested shares scheduled to be released on 2 December 2025.

** The RSP award of Cath Keers will vest as set out below:

· 33,163 ordinary shares of 14/77 pence each in Sage will vest on 2 December 2022; and

· 66,326 ordinary shares of 14/77 pence each in Sage will vest on 2 December 2023.

*** Nikola McNicol-Kenney is a PCA to Lee Perkins and does not have a financial underpin requirement under her RSP award.

 

The Awards are subject to malus (withholding) and recovery (clawback).

 

 

PDMRs and PCA

Maximum number of ordinary shares of 14/77 pence each in Sage that may be acquired on vesting of the Awards

DSBP

PSP

RSP

Total

Aaron Harris

6,759


55,126

61,885

Amanda Cusdin

7,227


55,272

62,499

Cath Keers



99,489**

99,489

Derk Bleeker

6,802


51,020

57,822

Jonathan Howell

10,225

185,374*


195,599

Keith Robinson

3,314


53,741

57,055

Lee Perkins

12,597


90,986

103,583

Nikola McNicol-Kenney***



18,367

18,367

Steve Hare

14,260

267,006*


281,266

Sue Goble

6,292


51,020

57,312

Vicki Bradin

6,268


51,020

57,288

 

 



 

ANNEX

 

Templates 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

 

 

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

 

 

Grant of share awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

61,885







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

2 December 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Amanda Cusdin

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief People 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 awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

62,499







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

2 December 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Cath Keers

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Marketing 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 awards under The Sage Group plc 2019 Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

99,489







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

2 December 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Derk Bleeker

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Corporate Development 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 awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

57,822







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

2 December 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Jonathan Howell

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Financial 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 awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2015 Performance Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

195,599







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

2 December 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Keith Robinson

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Strategy 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 awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

57,055







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

2 December 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Lee Perkins

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Operating 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 awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

103,583







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

2 December 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Nikola McNicol-Kenney

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA to Lee Perkins

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 awards under The Sage Group plc 2019 Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

18,367







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

2 December 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Steve Hare

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive 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 awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2015 Performance Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




Nil

281,266







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

2 December 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Sue Goble

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Customer Success 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 awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

57,312







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

2 December 2020

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Vicki Bradin

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

General Counsel and Company Secretary

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 awards under The Sage 2016 Deferred Share Bonus Plan and The Sage Group plc 2019 Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

57,288







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

2 December 2020

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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