RNS Number : 3575P
Sage Group PLC
21 May 2024
 

DIRECTOR/PDMR SHAREHOLDING

21 May 2024

The Sage Group plc. ("Sage")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them

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

Upon the vesting of awards granted under The Sage Group Plc 2019 Restricted Share Plan ("RSP 2019"), on 18 May 2024, Walid Abu-Hadba, Chief Product Officer and PDMR became entitled to the number of ordinary shares of 14/77 pence each in Sage ("Shares") noted below.

On 20 May 2024, Sage was notified that Walid Abu-Hadba, Chief Product Officer and PDMR, sold a number of Shares in respect of which he had become entitled at the price noted below, to cover tax obligations arising on the vesting of the awards. The resultant aggregate total shareholding of the PDMR is also set out below.

 

PDMR

Award

Number of ordinary shares acquired

Number of ordinary shares sold to cover tax obligations

Sale price per share

Resultant total shareholding

Walid Abu-Hadba

RSP 2019

58,498

23,066

£10.80228

225,911

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Walid Abu-Hadba

2

 

Reason for the notification

 

a)

 

Position/status

Chief Product Officer

 

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

The Sage Group plc.

b)

 

LEI

 

 

2138005RN5XYLTF8G138

4

 

Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument

Ordinary shares



Identification code

ISIN: GB00B8C3BL03



b)

 

Nature of the transaction

 

Vesting of ordinary shares under The Sage Group Plc 2019 Restricted Share Plan, granted on 18 May 2021

 

c)

 

Price(s) and volume(s)







Price

Volume




Nil

58,498







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

18 May 2024

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Walid Abu-Hadba

2

 

Reason for the notification

 

a)

 

Position/status

Chief Product Officer

 

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

The Sage Group plc.

b)

 

LEI

 

 

2138005RN5XYLTF8G138

4

 

Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument

Ordinary shares



Identification code

ISIN: GB00B8C3BL03



b)

 

Nature of the transaction

 

Sale of ordinary shares to cover tax obligations arising from the vesting of ordinary shares under The Sage Group Plc 2019 Restricted Share Plan, granted on 18 May 2021

c)

 

Price(s) and volume(s)







Price

Volume




£10.80228

23,066



 

 




d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

20 May 2024

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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