Last checked at 19 May 2023 16:58
DIRECTOR/PDMR SHAREHOLDING
19 May 2023
The Sage Group plc. ("Sage")
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them
This notification relates to transactions notified in accordance with Article 19 of the UK Market Abuse Regulation.
Upon the vesting of awards granted under The Sage Group plc 2019 Restricted Share Plan ("RSP 2019"), on 18 May 2023 the undernoted PDMRs became entitled to the number of ordinary shares of 14/77 pence each in Sage ("Shares") noted below.
On 19 May 2023, Sage was notified that the PDMRs sold a number of Shares in respect of which they had become entitled at the price noted below, to cover the tax obligations arising on the vesting of the awards. The resultant aggregate total shareholding of the PDMRs is also set out below.
PDMR | Award | Number of ordinary shares acquired | Number of ordinary shares sold to cover tax obligations | Sale price per share | Resultant total shareholding |
Aziz Benmalek | RSP 2019 | 28,743 | 8,698 | £8.439354 | 56,212 |
Walid Abu-Hadba | RSP 2019 | 57,480 | 17,394 | £8.439354 | 152,599 |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Aziz Benmalek | |||
2
| Reason for the notification
| ||||
a)
| Position/status | President - North America
| |||
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 plc 2019 Restricted Share Plan, granted on 18 May 2021
| |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
Nil | 28,743 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 18 May 2023 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Aziz Benmalek | |||
2
| Reason for the notification
| ||||
a)
| Position/status | President - North America | |||
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 plc 2019 Restricted Share Plan, granted on 18 May 2021 | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
£8.439354 | 8,698 | ||||
| |||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 18 May 2023 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
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
| Vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021
| |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
Nil | 57,480 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 18 May 2023 | |||
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
| Sale of ordinary shares to cover tax obligations arising from the vesting of ordinary shares under The Sage Group plc 2019 Restricted Share Plan, granted on 18 May 2021 | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
£8.439354 | 17,394 | ||||
| |||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 18 May 2023 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
Name of contact: | Mohor Roy |
Telephone number of contact: | + 44(0) 203 810 7200 |