TIDMSGE

RNS Number : 9025G

Sage Group PLC

18 November 2022

DIRECTOR/PDMR SHAREHOLDING

18 November 2022

The Sage Group plc. (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

This notification relates to transactions notified in accordance with Article 19 of the Market Abuse Regulation.

Jonathan Howell, Chief Financial Officer and PDMR, 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 "Sage Buy Out Award"). In accordance with the terms and performance conditions of the Sage Buy Out Award, 46,041 ordinary shares of 1(4/77) pence each in the Company vested on 3 October 2020, and were subject to a two-year holding period, until 3 October 2022, when they became eligible for release. The release was deferred to 16 November 2022, due to closed period share dealing restrictions.

On 16 November 2022, the Sage Buy Out Award was settled using shares held in trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage Group plc. Employee Benefit Trust. On 17 November 2022, the Company was notified that on 16 November 2022, Jonathan Howell disposed of a number of ordinary shares of 1(4/77) pence each, in respect of which he had become beneficially entitled, to cover tax obligations arising from the release.

 
 PDMR        Award Plan    Number         Number of          Sale price    Resultant 
                            of Ordinary    Ordinary           per share     Total Shareholding 
                            Shares         Shares Disposed 
                            Acquired 
 Jonathan    Sage Buy 
  Howell      Out Award    46,041         22,260             GBP7.843693   170,441 
            ------------  -------------  -----------------  ------------  -------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                           Jonathan Howell 
      ---------------------------------------------  --------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------------- 
 a)    Position/status                                Chief Financial 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                      Release of shares under the Sage 
                                                       Buy Out Award 
      ---------------------------------------------  --------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      -----------------  ----------------- 
                                                       Price              Volume 
                                                      -----------------  ----------------- 
    Nil                                                                   46,041 
   --------------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information                         N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                        16 November 2022 
      ---------------------------------------------  --------------------------------------- 
 f)    Place of the transaction                       Outside a trading venue 
      ---------------------------------------------  --------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Jonathan Howell 
      ---------------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Financial 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                Sale of shares to cover tax obligations 
                                                 arising from the release of shares 
                                                 under the Sage Buy Out Award 
      ---------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ---------------------------  -------------- 
                                                 Price                        Volume 
                                                ---------------------------  -------------- 
    GBP7.843693                                                               22,260 
   ------------------------------------------------------------------------  -------------- 
 
 d)    Aggregated information                   N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  16 November 2022 
      ---------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                 London Stock Exchange 
      ---------------------------------------  ---------------------------------------------- 
 
 
 Name of contact:                Mohor Roy 
 Telephone number of contact:    +44(0) 203 810 7200 
                                -------------------- 
 

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