RNS Number : 9313S
Sage Group PLC
18 June 2024
 

DIRECTOR/PDMR SHAREHOLDING

 

18 June 2024

 

 

The Sage Group plc. ("Sage")

 

 

Notification of Transactions by Persons Discharging Managerial Responsibilities

 

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

 

Sage announces that on 14 June 2024 it granted options (the "Options") over a total of 1,422,166 ordinary shares of 14/77 pence each to 2,497 employees, pursuant to the rules of The Sage Save and Share Plan (the "Plan").

 

The invitation to join the Plan was made available to all eligible employees of Sage in countries participating in the Plan in 2024, who were employed on or before 9 May 2024. Employees are limited to a maximum saving of £500 per month (or local currency equivalent) across this plan and any other outstanding Save and Share plans they may be participating in. The grant of Options amounts to 0.1327% of Sage's issued share capital as at 14 June 2024. The exercise of Options on maturity is not dependent upon performance criteria.

 

The Options for UK participants are exercisable between 1 August 2027 and 31 January 2028 with the exercise price set at a 20% discount to the average middle market quotation of the three dealing days prior to the launch of the Plan on 22 May 2024 and is £8.71 pence per ordinary share. 

The following PDMRs have applied to participate in the Plan and are included in the totals above as follows:

 

PDMRs

Participating country

Number of Options granted

Option price per ordinary share

Vicki Bradin

UK

2,129

£8.71

Amanda Cusdin

UK

1,064

£8.71

Catherine Keers

UK

2,129

£8.71

Amy Lawson

UK

1,703

£8.71

 

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Vicki Bradin

2

 

Reason for the notification

 

a)

 

Position/status

 

 

General Counsel and Company Secretary

 

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

 

 

Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2027 and 31 January 2028

c)

 

Price(s) and volume(s)







Price

Volume




Nil

2,129

 

 






d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 June 2024

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Amanda Cusdin

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief People 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

 

 

Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2027 and 31 January 2028

c)

 

Price(s) and volume(s)







Price

Volume




Nil

1,064






 

 

d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 June 2024

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Catherine Keers

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Marketing 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

 

 

Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2027 and 31 January 2028

c)

 

Price(s) and volume(s)







Price

Volume




Nil

2,129






 

 

d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 June 2024

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Amy Lawson

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Corporate Affairs 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

 

 

Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2027 and 31 January 2028

c)

 

Price(s) and volume(s)







Price

Volume




Nil

1,703






 

 

d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 June 2024

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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