TIDMSGE

RNS Number : 1324J

Sage Group PLC

08 December 2022

DIRECTOR/PDMR SHAREHOLDING

8 December 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.

In accordance with the terms and performance conditions of the award granted to Steve Hare, Chief Executive Officer and PDMR, on 7 December 2017 under The Sage Group plc 2015 Performance Share Plan ("PSP 2015"), 53,202 ordinary shares of 1(4/77) pence each in the Company ("Shares") vested on 7 December 2020. The Shares were subject to a two-year holding period from vesting until 7 December 2022, when they became eligible for release.

On 7 December 2022, the award was settled in Shares. On 8 December 2022, the Company was notified that on 7 December 2022, Steve Hare sold a number of Shares in respect of which he had become entitled, to cover the tax obligations arising from the release and settlement of the award in Shares.

 
 PDMR          Award       Number         Number of          Sale price    Resultant 
                            of Ordinary    Ordinary           per share     Total Shareholding 
                            Shares         Shares Disposed 
                            Acquired 
 Steve Hare    PSP 2015    53,202         25,056             GBP7.869171   448,512 
              ----------  -------------  -----------------  ------------  -------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                           Steve Hare 
      ---------------------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------------------- 
 a)    Position/status                                Chief Executive 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                      Acquisition of Shares by PDMR following 
                                                       release and settlement of Shares 
                                                       granted subject to an award under 
                                                       The Sage Group plc 2015 Performance 
                                                       Share Plan on 7 December 2017 
      ---------------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      ---------------------  -------------------- 
                                                       Price                  Volume 
                                                      ---------------------  -------------------- 
    Nil                                                                       53,202 
   ------------------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information                         N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                        7 December 2022 
      ---------------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                       Outside a trading venue 
      ---------------------------------------------  ---------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Steve Hare 
      ---------------------------------------  ------------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------------------ 
 a)    Position/status                          Chief Executive 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 and settlement 
                                                 of Shares granted subject to an award 
                                                 under The Sage Group plc 2015 Performance 
                                                 Share Plan on 7 December 2017 
      ---------------------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                -----------------------------  --------------- 
                                                 Price                          Volume 
                                                -----------------------------  --------------- 
    GBP7.869171                                                                 25,056 
   --------------------------------------------------------------------------  --------------- 
 
 d)    Aggregated information                   N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  7 December 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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