Last checked at 30 Sep 2014 12:07
30 September 2014
Share buyback programme
The Sage Group plc ("Sage" or the "Company") has appointed Citigroup Global Markets Limited to manage an irrevocable buyback programme during its close period within certain pre-set parameters. The close period will commence on 1 October 2014 and will run up to the announcement of the full year results on 3 December 2014.
The maximum price to be paid is limited to no more than the higher of 105 per cent. of the average middle market closing price of the Company's shares for the 5 dealing days preceding the date of purchase and that stipulated by Article 5(1) of the Buyback and Stabilisation Regulation.
Any shares purchased will count towards the Company's general buyback authority of 10% of the issued share capital, as approved at the AGM on 6 March 2014.
Sage confirms that it currently has no unpublished price sensitive information.
Enquiries
The Sage Group plc +44(0) 191 294 4190
Murdo Montgomery, Investor Relations
Tulchan Communications +44(0) 20 7353 4200
David Shriver
Jonathan Sibun
About The Sage Group plc
We provide small and medium sized organisations with a range of easy-to-use, secure and efficient business management software and services - from accounting and payroll, to enterprise resource planning, customer relationship management and payments. Our customers receive continuous advice and support through our global network of local experts to help them solve their business problems, giving them the confidence to achieve their business ambitions. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and entered the FTSE 100 in 1999. Sage has millions of customers and more than 12,700 employees in 24 countries covering the UK & Ireland, mainland Europe, North America, South Africa, Australia, Asia and Brazil. For further information please visit www.sage.com