Last checked at 14 Dec 2021 16:25
DIRECTOR/PDMR SHAREHOLDING
14 December 2021
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 UK Market Abuse Regulation.
On the vesting of The Sage Group Restricted Share Plan ("RSP") awards on 13 December 2021, Aaron Harris, member of the Executive Committee of Sage, became beneficially entitled to 44,180 ordinary shares of 14/77 pence each in Sage, all of which have been transferred from shares held in Treasury. The RSP awards were granted on 13 September 2018.
On 14 December 2021, Sage was notified that Aaron Harris disposed 10,780 ordinary shares of 14/77 pence each in Sage in respect of which he had become beneficially entitled, at a price of 827.5079p per ordinary share, to cover tax obligations arising from the vesting.
The resultant total shareholding after this transaction for Aaron Harris is 330,363 ordinary shares of 14/77 pence each 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 | 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
| Vesting of ordinary shares under The Sage Group Restricted Share Plan | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
0.00 | 44,180 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 13 December 2021 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
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
| Sale of ordinary shares to cover tax obligations arising from the vesting of ordinary shares under The Sage Group Restricted Share Plan | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
827.5079p | 10,780 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 13 December 2021 | |||
f)
| Place of the transaction | London Stock Exchange | |||
Name of contact: | Mohor Roy |
Telephone number of contact: | + 44(0) 203 810 7200 |