Sage Group PLC Director/PDMR Shareholding (1158U)
20 Novembre 2019 - 5:43PM
UK Regulatory
TIDMSGE
RNS Number : 1158U
Sage Group PLC
20 November 2019
DIRECTOR/PDMR SHAREHOLDING
20 November 2019
The Sage Group plc. (the Company)
Notification of Transactions of Persons Discharging Managerial
Responsibilities
This notification relates to transactions notified in accordance
with article 19 of the Market Abuse Regulation.
Jonathan Howell, Chief Financial Officer and member of the
Executive Committee of the Company, was granted a conditional award
on 11 December 2018 to replace share awards that he forfeited at
Close Brothers when he was appointed Chief Financial Officer of the
Company (the "The Sage Buy Out Award"). In accordance with the
terms and performance conditions of The Sage Buy Out Award, 65,515
Ordinary shares of 1(4/77) pence each in the Company as set out
below vested on 4 October 2019, with release deferred to 20
November 2019 due to share dealing restrictions. These shares have
been transferred from shares held in trust by Intertrust Employee
Benefit Trustee Limited as trustee of The Sage Group plc. Employee
Benefit Trust on 20 November 2019. On the same day the Company was
notified that Jonathan Howell disposed of a number of Ordinary
shares of 1(4/77) pence each, as set out below, in respect of which
he had become beneficially entitled, to cover tax obligations
arising from the vesting.
Executive Award Plan Number Number of Average Resultant
Committee of Ordinary Ordinary price in Total Shareholding
Member Shares Shares Disposed pence
Acquired
Jonathan The Sage
Howell Buy Out Award 65,515 30,855 709.4 109,660
---------------- ------------- ----------------- ---------- --------------------
ANNEX
Notifications 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 Jonathan Howell
--------------------------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Chief Financial 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 Vesting of shares under The Sage
Buy Out Award
--------------------------------------------- --------------------------------------
c) Price(s) and volume(s)
---------------- -----------------
Price Volume
---------------- -----------------
0.00 65,515
---------------- -----------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transactions 20 November 2019
--------------------------------------------- --------------------------------------
f) Place of the transactions Outside a trading venue
--------------------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jonathan Howell
-------------------------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status Chief Financial 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 Sale of shares to cover tax obligations
arising from the vesting of shares
under The Sage Buy Out Award
-------------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price Volume
-------------------- --------------------
709.4p 30,855
-------------------- --------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transactions 20 November 2019
-------------------------------------------- ---------------------------------------------
f) Place of the transactions London Stock Exchange
-------------------------------------------- ---------------------------------------------
Name of contact: Mohor Roy
Telephone number of contact: +44(0) 191 294 3457
--------------------
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END
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