Sage Group PLC Director/PDMR Shareholding (1959P)
16 Juni 2022 - 4:38PM
UK Regulatory
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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END
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