Last checked at 14 Aug 2020 17:23
DIRECTOR/PDMR SHAREHOLDING
14 August 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.
Sage announces that Robert Reid, who is a member of the Executive Committee of Sage, has exercised options over 90,000 ordinary shares of 14/77 pence each in Sage at an option price of 22 pence per share under The Sage Group plc 2017 Share Option Plan on 13 August 2020. The options were originally granted on 12 October 2011 subject to roll over as part of the Intacct Corporation acquisition on 3 August 2017 and matured on 3 August 2018. The resultant total shareholding of Robert Reid is 343,082 ordinary shares of 14/77 pence in Sage.
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 | Robert Reid | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chairman, Mid-Market Solutions | |||
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 pursuant to The Sage Group plc 2017 Share Option Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
22p | 90,000 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transactions | 13 August 2020 | |||
f)
| Place of the transactions
| London Stock Exchange | |||
Name of contact: | Mohor Roy |
Telephone number of contact: | +44(0) 203 810 7200 |