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16 Jun 2021 09:19
DIRECTOR/ PDMR SHAREHOLDING
16 June 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.
Sage announces that on 14 June 2021 it granted options (the "Options") over a total of 1,920,662 ordinary shares of 14/77 pence each to 2,111 employees pursuant to the all-employee 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 7 May 2021. 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 0.1714% of Sage's issued share capital as at 14 June 2021. The exercise of Options on maturity is not dependent upon performance criteria.
The Options for UK participants are exercisable between 1 August 2024 and 31 January 2025 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 20 May 2021 and is 524 pence per ordinary share.
The Options for US Participants* are exercisable between 1 August 2023 and 31 August 2023 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 2021 and is 558 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 |
Vicki Bradin | UK | 3,435 | 524 pence |
Amanda Cusdin | UK | 1,717 | 524 pence |
Cath Keers | UK | 3,435 | 524 pence |
Aaron Harris* | US | 2,087 | 558 pence |
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
| 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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2024 and 31 January 2025 | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
Nil | 3,435 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 14 June 2021 | |||
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 Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2024 and 31 January 2025 | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
Nil | 1,717 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 14 June 2021 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Cath Keers
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Marketing 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 January 2025 | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
Nil | 3,435 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 14 June 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
| Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 August 2023 | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
Nil | 2,087 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 14 June 2021 | |||
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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