Last checked at 17 Jun 2019 17:38
17 June 2019
The Sage Group plc
The Sage Group plc ("Sage") announces that on 14 June 2019 it granted options ("Options") over a total of 1,002,584 ordinary shares of 14/77 pence each ("Ordinary Shares") to 1,655 employees pursuant to the all-employee Sage Save & Share Plan (the "Plan").
The Options are exercisable between 1 August 2022 and 31 January 2023. The exercise price was set at a 20% discount to the average middle market quotation of the three dealing days prior to the launch of the Plan on 23 May 2019 and is 604 pence per Ordinary Share*. The invitation to join the plan was made available to all employees globally, who were employed on or before 7 May 2019. 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 0.0895% of the Company's issued share capital as at 14 June 2019. The exercise of options on maturity is not dependent upon performance criteria.
The following PDMRs and PCA have applied to participate in the Plan and are included in the totals above as follows:
Name | No. of options granted at 604** pence per share |
Amanda Cusdin | 894 |
Steve Hare | 2,980 |
Lee Perkins | 2,980 |
Ron McMurtrie | 1,873 |
Robert Reid | 20 |
Nikola McNicol-Kenney*** | 1,490 |
*Participants in the US have an exercise price of 652 pence per share.
The US exercise price was 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 2019.
US participants have a 2-year savings period and options are exercisable between 1 August 2021 and 31 August 2021.
** Ron McMurtrie and Robert Reid are participating under the terms of the US Schedule to the Plan at an exercise price of 652 pence per share.
***PCA to Lee Perkins
ANNEX
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the persons discharging managerial responsibilities
| |||||||
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 shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2022 and 31 January 2023.
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)
| Date of the transaction
| 14 June 2019 | ||||||
f)
| Place of the transaction
| Off-market | ||||||
1
| Details of the persons discharging managerial responsibilities
| |||||||
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 options over shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2022 and 31 January 2023.
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)
| Date of the transaction
| 14 June 2019 | ||||||
f)
| Place of the transaction
| Off-market | ||||||
1
| Details of the persons discharging managerial responsibilities
| |||||||
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 options over shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2022 and 31 January 2023.
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)
| Date of the transaction
| 14 June 2019 | ||||||
f)
| Place of the transaction
| Off-market | ||||||
1
| Details of the persons discharging managerial responsibilities
| |||||||
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 options over shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2021 and 31 August 2021.
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)
| Date of the transaction
| 14 June 2019 | ||||||
f)
| Place of the transaction
| Off-market | ||||||
1
| Details of the persons discharging managerial responsibilities
| |||||||
a)
| Name
| Robert Reid
| ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Chairman Mid-Market Solutions and Managing Director, Sage Intacct
| ||||||
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 shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2021 and 31 August 2021.
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)
| Date of the transaction
| 14 June 2019 | ||||||
f)
| Place of the transaction
| Off-market | ||||||
1
| Details of the persons 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 options over shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2022 and 31 January 2023.
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)
| Date of the transaction
| 14 June 2019 | ||||||
f)
| Place of the transaction
| Off-market | ||||||