Last checked at 5 Feb 2024 10:00
DIRECTOR/PDMR SHAREHOLDING
5 February 2024
The Sage Group plc. ("Sage")
Notification of Transaction of Persons Discharging Managerial Responsibilities
This notification relates to a transaction notified in accordance with article 19 of the UK Market Abuse Regulation.
On 1 February 2024 the person named below, who is an Executive Director of Sage, was granted awards over ordinary shares of 14/77 pence each in Sage under The Sage Group plc 2015 Performance Share Plan as shown below (the "Award"). The maximum number of shares that may be acquired on the vesting of the Award is specified opposite the Executive Director's name below.
No price is payable either on the grant or vesting of the Award.
The Award will vest on 4 December 2026, subject to continued employment and the achievement of the performance conditions. The vested shares will be subject to a two-year holding period after the vesting date and will be released on 4 December 2028.
The Award is subject to malus (withholding) and recovery (clawback).
Executive Director | Maximum number of ordinary shares of 14/77 pence each in Sage that may be acquired on vesting of the Award |
Steve Hare | 241,514 |
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
| 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 Group plc 2015 Performance Share Plan | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 241,514 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 1 February 2024 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
Name of contact: | Mohor Roy |
Telephone number of contact: | + 44(0) 203 810 7200 |