Last checked at 3 Dec 2019 14:52
DIRECTOR/ PDMR SHAREHOLDING
3 December 2019
The Sage Group plc. (the "Company")
Notification of Transactions of Persons Discharging Managerial Responsibilities
This notification relates to transactions notified in accordance with article 19 of the Market Abuse Regulation.
On 2 December 2019 the persons named below, who are Persons Discharging Managerial Responsibilities of Company including a PCA, were granted awards over ordinary shares of 14/77 pence each in The Sage Group plc. under each of
·; The Sage Group plc 2019 Restricted Share Plan (RSP),
·; The Sage Group plc 2015 Performance Share Plan (PSP), and
·; The Sage 2016 Deferred Share Bonus Plan (DSBP)
respectively as shown below (the "Awards"). The maximum number of shares that may be acquired on the vesting of the Awards is specified opposite each participant's name below. No price is payable either on the grant or vesting of the Awards. The Awards will vest, subject to continued employment and performance conditions (where applicable) on 2 December 2022. The PSP awards of the Executive Directors being Steve Hare, Jonathan Howell and Blair Crump are subject to a two-year holding period after the vesting date with the vested shares being released on 2 December 2024. The Awards are subject to malus (withholding) and recovery (clawback).
PDMR and PCA | Maximum number of ordinary shares of 14/77 pence each in The Sage Group plc. that may be acquired on vesting of the Awards | |||
RSP | PSP | DSBP | Total | |
Marc Linden | 23,093 | 69,281 | 92,374 | |
Nikola McNicol-Kenney* | 13,929 | 13,929 | ||
Steve Hare | 208,278 | 55,620 | 263,898 | |
Jonathan Howell | 144,600 | 32,102 | 176,702 | |
Blair Crump | 143,694 | 38,558 | 182,252 | |
Vicki Bradin | 59,697 | 10,949 | 70,646 | |
Amanda Cusdin | 64,672 | 13,266 | 77,938 | |
Klaus-Michael Vogelberg | 58,304 | 11,772 | 70,076 | |
* PCA to Lee Perkins
PDMR and PCA | Maximum number of ordinary shares of 14/77 pence each in The Sage Group plc. that may be acquired on vesting of the Awards | |||
RSP | PSP | DSBP | Total | |
Sue Goble | 59,697 | 59,697 | ||
Derk Bleeker | 59,697 | 59,697 | ||
Lee Perkins | 83,576 | 11,055 | 94,631 | |
Aaron Harris | 44,648 | 66,972 | 6,834 | 118,454 |
Robert Reid | 2,680 | 2,680 | ||
Ron McMurtrie | 14,150 | 14,150 | ||
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
| Marc Linden
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| EVP & GM Medium Segment Cloud Native Solutions
| |||
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 2019 Restricted Share Plan and The Sage Group plc 2015 Performance Share Plan | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 92,374 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Nikola McNicol-Kenney
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| PCA to Lee Perkins
| |||
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 award under The Sage Group plc 2019 Restricted Share Plan | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 13,929 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
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
| Grant of share awards under The Sage Group plc 2015 Performance Share Plan and The Sage 2016 Deferred Share Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 263,898 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Jonathan Howell
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Financial 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 and The Sage 2016 Deferred Share Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 176,702 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Blair Crump
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| President
| |||
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 and The Sage 2016 Deferred Share Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 182,252 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Vicki Bradin
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| General Counsel and Company Secretary | |||
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 and The Sage 2016 Deferred Share Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 70,646 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
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 share awards under The Sage Group plc 2015 Performance Share Plan and The Sage 2016 Deferred Share Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 77,938 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Klaus-Michael Vogelberg
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Architect and Technology Advisor | |||
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 and The Sage 2016 Deferred Share Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 70,076 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Sue Goble
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Customer Success 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 award under The Sage Group plc 2015 Performance Share Plan | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 59,697 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Derk Bleeker
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Corporate Development 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 award under The Sage Group plc 2015 Performance Share Plan | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 59,697 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Lee Perkins | |||
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 share awards under The Sage Group plc 2015 Performance Share Plan and The Sage 2016 Deferred Share Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 94,631 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
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
| Grant of share awards under The Sage Group plc 2019 Restricted Share Plan, The Sage Group plc 2015 Performance Share Plan and The Sage 2016 Deferred Share Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 118,454 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Robert Reid
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chairman, Mid-Market Solutions | |||
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 award under The Sage 2016 Deferred Share Bonus Plan | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 2,680 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Ron McMurtrie | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Marketing and Business Enablement 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 award under The Sage 2016 Deferred Share Bonus Plan | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
nil | 14,150 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
Name of contact: | Mohor Roy |
Telephone number of contact: | +44(0) 191 294 3457 |