Sage Group PLC Share buy-back programme (8445F)
12 Marzo 2020 - 08:00AM
UK Regulatory
TIDMSGE
RNS Number : 8445F
Sage Group PLC
12 March 2020
Share buy-back programme
12 March 2020
Further to the announcement made on 11 March 2020, The Sage
Group plc ("Sage") today announces the commencement of its share
buy-back programme.
Sage has entered into non-discretionary arrangements with its
joint corporate brokers, Citigroup Global Markets Limited and
Morgan Stanley & Co. International plc (together the
"Brokers"), in relation to the purchase by the Brokers, acting as
principals, of ordinary shares of Sage (the "Shares"). These
arrangements will commence on 12 March 2020, are expected to end no
later than 13 January 2021, and will be for a value of up to GBP250
million.
The Brokers will make trading decisions in relation to Shares
purchased under the buy-back programme independently of, and
uninfluenced by, Sage. The Brokers will make a simultaneous on-sale
of such Shares to Sage, and all Shares repurchased will be held in
treasury and used to meet obligations arising from share option
programmes, or other allocations of shares, to employees or
directors.
Any purchases of Shares contemplated by this announcement will
be carried out on the London Stock Exchange and/or other recognised
investment exchange(s), and will be effected within certain pre-set
parameters. These arrangements are in accordance with Sage's
general authority to repurchase up to 109,137,735 Shares granted at
its 2020 Annual General Meeting, Chapter 12 of the Listing Rules
and those provisions of Market Abuse Regulation 596/2014/EU dealing
with buy-back programmes.
Enquiries
The Sage Group plc +44(0) 191 294 3457
Jonathan Howell, Chief Financial Officer
James Sandford, Investor Relations
Amy Lawson, Media
FTI Consulting +44(0) 20 3727 1000
Charles Palmer
Dwight Burden
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
MSCGPUCPWUPUGRG
(END) Dow Jones Newswires
March 12, 2020 03:00 ET (07:00 GMT)
Grafico Azioni Sage (LSE:SGE)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Sage (LSE:SGE)
Storico
Da Mar 2023 a Mar 2024