Last checked at 12 Mar 2020 18:18
Transaction in own shares
The Sage Group plc ("Sage" or the "Company") today announces that on 12 March 2020 it purchased a total of 256,000 of its ordinary shares of 1 4/77 pence each, as further detailed below.
| Per Ordinary Share |
Average price paid | £5.7829 |
Highest price paid | £6.0040 |
Lowest price paid | £5.5460 |
These share purchases form part of the Company's share buy-back programme, details of which were announced on 12 March 2020.
In respect of this programme, which will operate until not later than 13 January 2021, Citigroup Global Markets Limited ("Citigroup") and Morgan Stanley International ("Morgan Stanley") will make trading decisions in relation to shares purchased independently of, and uninfluenced by Sage.
Any such share purchases will be effected within certain pre-set parameters, and in accordance with Sage's general authority to repurchase ordinary shares, Chapter 12 of the Listing Rules and those provisions of Market Abuse Regulation 596/2014/EU dealing with buy-back programmes.
The Company will hold the purchased shares in treasury, to be used to meet obligations arising from share option programmes or other allocations of shares to employees or directors.
Following the above transaction, the issued share capital of Sage consists 1,120,789,295 ordinary shares of 14/77 pence each, of which 29,397,899 ordinary shares of 14/77 pence each would be held in treasury. Therefore, the total exercisable voting rights in Sage will be 1,091,391,396.
The above figure 1,091,391,396 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Sage under the DTRs. In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a schedule of individual trades by Citigroup is available using the following link:
http://www.rns-pdf.londonstockexchange.com/rns/0148G_1-2020-3-12.pdf
End