17 Jun 2019 17:38
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17 June 2019
The Sage Group plc
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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").
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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.
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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 |
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*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.
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** 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.
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***PCA to Lee Perkins
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ANNEX
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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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) Â | LEI Â Â | 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) Â | 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) Â | Price(s) and volume(s) |
| ||||||
d) Â | Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)  | Date of the transaction   | 14 June 2019 | ||||||
f)  | Place of the transaction   | Off-market |
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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) Â | LEI Â Â | 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) Â | 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) Â | Price(s) and volume(s) |
| ||||||
d) Â | Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)  | Date of the transaction   | 14 June 2019 | ||||||
f)  | Place of the transaction   | Off-market |
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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) Â | LEI Â Â | 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) Â | 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) Â | Price(s) and volume(s) |
| ||||||
d) Â | Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)  | Date of the transaction   | 14 June 2019 | ||||||
f)  | Place of the transaction   | Off-market |
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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) Â | LEI Â Â | 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) Â | 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) Â | Price(s) and volume(s) |
| ||||||
d) Â | Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)  | Date of the transaction   | 14 June 2019 | ||||||
f)  | Place of the transaction   | Off-market |
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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) Â | LEI Â Â | 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) Â | 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) Â | Price(s) and volume(s) |
| ||||||
d) Â | Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)  | Date of the transaction   | 14 June 2019 | ||||||
f)  | Place of the transaction   | Off-market |
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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) Â | LEI Â Â | 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) Â | 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) Â | Price(s) and volume(s) |
| ||||||
d) Â | Aggregated information | N/A - single transaction | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)  | Date of the transaction   | 14 June 2019 | ||||||
f)  | Place of the transaction   | Off-market |
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