TIDMSGE

RNS Number : 1959P

Sage Group PLC

16 June 2022

DIRECTOR/ PDMR SHAREHOLDING

16 June 2022

The Sage Group plc. ("Sage")

Notification of Transactions by 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 2022 it granted options (the "Options") over a total of 1,628,085 ordinary shares of 1(4/77) pence each to 2,012 employees, pursuant to 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 9 May 2022. 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 0.1479% of Sage's issued share capital as at 14 June 2022. The exercise of Options on maturity is not dependent upon performance criteria.

The Options for UK participants are exercisable between 1 August 2025 and 31 January 2026 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 19 May 2022 and is 533 pence per ordinary share.

The Options for US Participants* are exercisable between 1 August 2024 and 31 August 2024 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 2022 and is 533 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 
                       country           granted         per ordinary share 
 Amanda Cusdin           UK               1,013              533 pence 
                   --------------  ------------------  -------------------- 
 Walid Abu-Hadba*        US               2,471              533 pence 
                   --------------  ------------------  -------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                           Amanda Cusdin 
      ---------------------------------------------  -------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------------------- 
 a)    Position/status                                Chief People Officer 
      ---------------------------------------------  -------------------------------------------- 
 b)    Initial notification                           Initial notification 
        /Amendment 
      ---------------------------------------------  -------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------- 
 a)    Name                                           The Sage Group plc. 
      ---------------------------------------------  -------------------------------------------- 
 b)    LEI                                            2138005RN5XYLTF8G138 
      ---------------------------------------------  -------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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 2025 
                                                       and 31 January 2026 
      ---------------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      --------------------  ------------------- 
                                                       Price                 Volume 
                                                      --------------------  ------------------- 
    Nil                                                                      1,013 
   -----------------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information                         N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                        14 June 2022 
      ---------------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                       Outside a trading venue 
      ---------------------------------------------  -------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                           Walid Abu-Hadba 
      ---------------------------------------------  -------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------------------- 
 a)    Position/status                                Chief Product Officer 
      ---------------------------------------------  -------------------------------------------- 
 b)    Initial notification                           Initial notification 
        /Amendment 
      ---------------------------------------------  -------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------- 
 a)    Name                                           The Sage Group plc. 
      ---------------------------------------------  -------------------------------------------- 
 b)    LEI                                            2138005RN5XYLTF8G138 
      ---------------------------------------------  -------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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 August 2024 
      ---------------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      --------------------  ------------------- 
                                                       Price                 Volume 
                                                      --------------------  ------------------- 
    Nil                                                                      2,471 
   -----------------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information                         N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                        14 June 2022 
      ---------------------------------------------  -------------------------------------------- 
 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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