TIDMSOPH

RNS Number : 2392E

Sophos Group Plc

26 February 2020

Sophos Group Plc

26 February 2020

Notification of Transactions by Person Discharging Managerial Responsibilities

On 25 February 2020, upon the Court sanctioning the Scheme of Arrangement pursuant to which the Company's entire issued and to be issued share capital will be acquired by Surf Buyer Limited (a newly formed company owned by funds managed and/or advised by Thoma Bravo, LLC), awards vested and options were exercised under the Company's various share plans.

The following sets out the awards that vested and options that were exercised on 25 February 2020 by Kris Hagerman:

 
 PDMR             Type of award                  Number of awards vesting/options 
                                                  exercised 
                  Employee Share Purchase 
 Kris Hagerman     Plan                          434 
                 -----------------------------  --------------------------------- 
  LTIP Performance Stock 
   Units                                         242,426 
 ---------------------------------------------  --------------------------------- 
  LTIP Restricted Stock Units                    446,112 
 ---------------------------------------------  --------------------------------- 
  Sophos Post IPO MEP                            3,593,067 
 ---------------------------------------------  --------------------------------- 
  Sophos Post IPO Option 
   Plan                                          315,285 
 ---------------------------------------------  --------------------------------- 
  Total                                          4,597,324 
 ---------------------------------------------  --------------------------------- 
 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 and provides further detail.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Kris Hagerman 
     --------------------------  ----------------------------------------- 
      Reason for the notification 
  2 
     --------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer / Director 
     --------------------------  ----------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                        Sophos Group Plc 
     --------------------------  ----------------------------------------- 
 b)   LEI                         21380078ZKBCC75BO206 
     --------------------------  ----------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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 of 3p each in Sophos 
       financial instrument,       Group Plc 
       type of instrument 
 
       Identification code 
                                   GB00BYZFZ918 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   1. Shares issued to PDMR following ESPP 
                                   awards vesting and being exercised 
                                   2. Shares issued to PDMR following LTIP 
                                   PSUs vesting 
                                   3. Shares issued to PDMR following LTIP 
                                   RSUs vesting 
                                   4. Shares issued to PDMR following Post 
                                   IPO MEP Options being exercised 
                                   5. Shares issued to PDMR following Post 
                                   IPO Option Plan options being exercised 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)        Volume(s) 
                                     1.$6.12         434 
                                                    ---------- 
                                     2. Nil          242,426 
                                                    ---------- 
                                     3. Nil          446,112 
                                                    ---------- 
                                     4. $0.597813    3,593,067 
                                                    ---------- 
                                     5. $0.597813    315,285 
                                                    ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          4,597,324 
 
       - Price                      See 4c 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     25 February 2020 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ----------------------------------------- 
 

Paul Waters

Group Company Secretary

www.sophos.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

February 26, 2020 09:51 ET (14:51 GMT)

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