Sage Group PLC Director/PDMR Shareholding (9546H)
01 August 2023 - 03:54PM
UK Regulatory (RNS & others)
TIDMSGE
RNS Number : 9546H
Sage Group PLC
01 August 2023
DIRECTOR/PDMR SHAREHOLDING
1 August 2023
The Sage Group plc. ("Sage")
Notification of Transactions by Persons Discharging Managerial
Responsibilities
This notification relates to transactions notified in accordance
with Article 19(3) of the UK Market Abuse Regulation.
Sage announces that on 1 August 2023, Aaron Harris, Aziz
Benmalek and Walid Abu-Hadba, each, a person discharging managerial
responsibilities for Sage, acquired rights to purchase ordinary
shares of 1(4/77) pence each in Sage under the Sage Colleague Share
Purchase Plan (the "CSPP"). The CSPP is an all-employee share plan
operated for Sage's US employees. The share purchase will occur,
subject to and in accordance with the CSPP rules, at the end of a
6-month offering period, on 1 February 2024.
In accordance with the CSPP rules, the purchase price per
ordinary share will be the lesser of 85% of the fair market value
of an ordinary share as at (i) the award date being 1 August 2023
and (ii) the purchase date, being 1 February 2024. Aaron Harris and
Aziz Benmalek have elected to contribute USD 1,000 per month and
Walid Abu-Hadba has elected to contribute USD 315 per month. These
contributions will be converted from USD to GBP using the
prevailing exchange rate at the time of purchase.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Aaron Harris
-------------------------------------- --------------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------------
a) Position/status Chief Technology 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 right to purchase
ordinary shares at the end of a six-month
offering period ending on 1 February
2024, at a purchase price to be determined
on that date, in accordance with
the CSPP rules.
-------------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
---------------------- ----------------------
Price(s) Volume(s)
---------------------- ----------------------
Nil Nil
---------------------- ----------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 1 August 2023
-------------------------------------- --------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------- --------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Aziz Benmalek
-------------------------------------- --------------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------------
a) Position/status President - North America
-------------------------------------- --------------------------------------------------
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 right to purchase
ordinary shares at the end of a six-month
offering period ending on 1 February
2024, at a purchase price to be determined
on that date, in accordance with
the CSPP rules.
-------------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
---------------------- ----------------------
Price(s) Volume(s)
---------------------- ----------------------
Nil Nil
---------------------- ----------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 1 August 2023
-------------------------------------- --------------------------------------------------
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 Acquisition of right to purchase
ordinary shares at the end of a six-month
offering period ending on 1 February
2024, at a purchase price to be determined
on that date, in accordance with
the CSPP rules.
-------------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
---------------------- ----------------------
Price(s) Volume(s)
---------------------- ----------------------
Nil Nil
---------------------- ----------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 1 August 2023
-------------------------------------- --------------------------------------------------
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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