Last checked at 8 Dec 2022 17:40
DIRECTOR/PDMR SHAREHOLDING
8 December 2022
The Sage Group plc. (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
This notification relates to transactions notified in accordance with Article 19 of the Market Abuse Regulation.
In accordance with the terms and performance conditions of the award granted to Steve Hare, Chief Executive Officer and PDMR, on 7 December 2017 under The Sage Group plc 2015 Performance Share Plan ("PSP 2015"), 53,202 ordinary shares of 14/77 pence each in the Company ("Shares") vested on 7 December 2020. The Shares were subject to a two-year holding period from vesting until 7 December 2022, when they became eligible for release.
On 7 December 2022, the award was settled in Shares. On 8 December 2022, the Company was notified that on 7 December 2022, Steve Hare sold a number of Shares in respect of which he had become entitled, to cover the tax obligations arising from the release and settlement of the award in Shares.
PDMR | Award | Number of Ordinary Shares Acquired | Number of Ordinary Shares Disposed | Sale price per share | Resultant Total Shareholding |
Steve Hare | PSP 2015 | 53,202 | 25,056 | £7.869171 | 448,512 |
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
| Acquisition of Shares by PDMR following release and settlement of Shares granted subject to an award under The Sage Group plc 2015 Performance Share Plan on 7 December 2017 | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
Nil | 53,202 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 7 December 2022 | |||
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
| Sale of Shares to cover tax obligations arising from the release and settlement of Shares granted subject to an award under The Sage Group plc 2015 Performance Share Plan on 7 December 2017 | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
£7.869171 | 25,056 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 7 December 2022 | |||
f)
| Place of the transaction | London Stock Exchange | |||
Name of contact: | Mohor Roy |
Telephone number of contact: | +44(0) 203 810 7200 |