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26 Nov 2018 13:24
DIRECTOR/PDMR SHAREHOLDING
26 November 2018
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 of the Market Abuse Regulation.
On the vesting of a share plan award on 22 November 2018 Sanjay Almeida, who is a member of the Executive Committee of The Sage Group plc, became beneficially entitled to the number of ordinary shares of 14/77 pence each in the Company set out below, all of which were held in trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage Group plc Employee Benefit Trust. On 22 November 2018 the Company was notified that Sanjay Almeida disposed of the number of ordinary shares of 14/77 pence each set out below in respect of which he become beneficially entitled to, at the price per ordinary share set out below, to cover tax obligations arising from the vesting.
Executive Committee Member | Award Plan | Number of Ordinary Shares Acquired | Aggregate Number of Ordinary Shares Disposed | Average price in pence | Resultant Total Shareholding |
Sanjay Almeida | The Sage Group Restricted Share Plan | 67,826 | 16,311 | 552p | 51,515 |
ANNEX
Notifications 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
| Vesting of shares under The Sage Group Restricted Share Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.00 | 67,826 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transactions | 22 November 2018 | |||
f)
| Place of the transactions
| London Stock Exchange | |||
ANNEX
Notifications 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
| Sale of shares to cover tax obligations arising from the vesting of shares under The Sage Group Restricted Share Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
5.52 | 16,311 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transactions | 22 November 2018 | |||
f)
| Place of the transactions
| London Stock Exchange | |||
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