Last checked at 3 Dec 2020 18:19
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 |