Sage Group PLC Director/PDMR Shareholding (9025G)
18 November 2022 - 10:13AM
UK Regulatory
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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