Last checked at 15 Dec 2022 11:21
DIRECTOR/PDMR SHAREHOLDING
15 December 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 an award granted under The Sage Group Restricted Share Plan ("RSP"), on 13 December 2022 the undernoted PDMR became entitled to the number of ordinary shares of 14/77 pence each in Sage ("Shares") noted below.
On 14 December 2022, Sage was notified that the PDMR sold a number of Shares in respect of which they had become entitled at the price noted below, to cover the income tax and social security obligations arising on the vesting of the award. 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 |
Aaron Harris | RSP | 45,252 | 17,843 | £7.863612 | 418,870 |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Aaron Harris | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chief Technology 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 Restricted Share Plan, granted on 13 September 2018
| |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
Nil | 45,252 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 13 December 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Aaron Harris | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chief Technology 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 Restricted Share Plan, granted on 13 September 2018 | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
£7.863612 | 17,843 | ||||
| |||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 13 December 2022 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
Name of contact: | Mohor Roy |
Telephone number of contact: | + 44(0) 203 810 7200 |