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30 May 2023 10:10
DIRECTOR/PDMR SHAREHOLDING
30 May 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 of the UK Market Abuse Regulation.
Sage announces that on 25 May 2023, Vicki Bradin, who is a member of the Executive Leadership Team of Sage, exercised options over 58,031 ordinary shares of 14/77 pence each in Sage at an option price of £5.79 per share (the "Options"). The Options were granted on 4 December 2018 under The Sage Group plc 2017 Share Option Plan, and matured and became exercisable on 4 December 2020.
On 25 May 2023, Vicki Bradin sold 48,351 ordinary shares of 14/77 pence each in Sage at a price of £8.488 per share, to satisfy the option price per share due and tax liabilities arising on the exercise of the Options. The balance of 9,680 shares was transferred to her Employee Share Account. The resultant total shareholding of Vicki Bradin is 108,285 ordinary shares of 14/77 pence each in Sage.
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
| Exercise of options to acquire ordinary shares in Sage granted under The Sage Group plc 2017 Share Option Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£5.79 | 58,031 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 25 May 2023
| |||
f)
| Place of the transaction
| London Stock Exchange | |||
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
| Sale of ordinary shares in Sage in order to satisfy the option price per share due and tax liabilities arising on the exercise of the Options. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£8.488 | 48,351 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 25 May 2023
| |||
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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