Last checked at 19 May 2022 17:36
DIRECTOR/PDMR SHAREHOLDING
19 May 2022
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 The Sage Group plc 2019 Restricted Share Plan ("RSP 2019") awards on 18 May 2022, the undernoted PDMRs, who are members of the Executive Leadership Team of Sage, became beneficially entitled to the number of ordinary shares of 14/77 pence each in Sage ("Shares") noted below. The Shares have been transferred from Treasury. The RSP 2019 awards were granted on 18 May 2021.
On 19 May 2022, Sage was notified that each PDMR disposed of the number of Shares in respect of which they had become beneficially entitled at the price noted below, to cover tax obligations arising from the vesting. The resultant total shareholding of the PDMRs is also included.
PDMR | Award | Number of ordinary shares acquired | Number of ordinary shares sold to cover tax obligations | Sale price per share | Resultant total shareholding |
Aziz Benmalek | RSP 2019 | 28,025 | 7,526 | £6.623491 | 20,499 |
Walid Abu-Hadba
| RSP 2019 | 56,055 | 14,604 | £6.623491 | 41,451 |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Aziz Benmalek | |||
2
| Reason for the notification
| ||||
a)
| Position/status | President - North America (interim) and EVP Partners & Alliances
| |||
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 | 28,025 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 18 May 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Aziz Benmalek | |||
2
| Reason for the notification
| ||||
a)
| Position/status | President - North America (interim) and EVP Partners & Alliances | |||
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 | ||||
£6.623491 | 7,526 | ||||
| |||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 18 May 2022 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
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 | 56,055 | ||||
| |||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 18 May 2022 | |||
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 | ||||
£6.623491 | 14,604 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 18 May 2022 | |||
f)
| Place of the transaction | London Stock Exchange | |||
Name of contact: | Mohor Roy, Deputy Company Secretary |
Telephone number of contact: | + 44(0) 203 810 7200 |