TIDMSGE

RNS Number : 0808C

Sage Group PLC

16 June 2021

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 1(4/77) 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 GBP500 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   Number of Options   Option price per 
                    country           granted         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                           Initial notification 
        /Amendment 
      ---------------------------------------------  -------------------------------------------- 
 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                             Ordinary shares 
        financial instrument, 
        type of instrument 
 
       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                           Initial notification 
        /Amendment 
      ---------------------------------------------  -------------------------------------------- 
 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                             Ordinary shares 
        financial instrument, 
        type of instrument 
 
       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                           Initial notification 
        /Amendment 
      ---------------------------------------------  -------------------------------------------- 
 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                             Ordinary shares 
        financial instrument, 
        type of instrument 
 
       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                           Initial notification 
        /Amendment 
      ---------------------------------------------  -------------------------------------------- 
 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                             Ordinary shares 
        financial instrument, 
        type of instrument 
 
       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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June 16, 2021 04:19 ET (08:19 GMT)

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