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16 Jun 2022 15:38
DIRECTOR/ PDMR SHAREHOLDING
16 June 2022
The Sage Group plc. ("Sage")
Notification of Transactions by Persons Discharging Managerial Responsibilities
This notification relates to transactions notified in accordance with Article 19 of the UK Market Abuse Regulation.
Sage announces that on 14 June 2022 it granted options (the "Options") over a total of 1,628,085 ordinary shares of 14/77 pence each to 2,012 employees, pursuant to The Sage Save and Share Plan (the "Plan").
The invitation to join the Plan was made available to all employees of Sage globally, who were employed on or before 9 May 2022. Employees are limited to a maximum saving of £500 per month (or equivalent in local currency) over the period of the Plan. The grant of Options amounts to 0.1479% of Sage's issued share capital as at 14 June 2022. The exercise of Options on maturity is not dependent upon performance criteria.
The Options for UK participants are exercisable between 1 August 2025 and 31 January 2026 with the exercise price set at a 20% discount to the average middle market quotation of the three dealing days prior to the launch of the Plan on 19 May 2022 and is 533 pence per ordinary share.
The Options for US Participants* are exercisable between 1 August 2024 and 31 August 2024 with the exercise price set at a 15% discount to the average middle market quotation of the three dealing days prior to the grant date of the Plan on 14 June 2022 and is 533 pence per ordinary share.
The following PDMRs have applied to participate in the Plan and are included in the totals above as follows:
PDMRs | Participating country | Number of Options granted | Option price per ordinary share |
Amanda Cusdin | UK | 1,013 | 533 pence |
Walid Abu-Hadba* | US | 2,471 | 533 pence |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Amanda Cusdin
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief People 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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2025 and 31 January 2026 | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
Nil | 1,013 |
| |||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 14 June 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Walid Abu-Hadba
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Product 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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2024 and 31 August 2024 | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
Nil | 2,471 | ||||
| |||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 14 June 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
Name of contact: | Mohor Roy |
Telephone number of contact: | +44(0) 203 810 7200 |
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