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Regulatory Story
Company Sage Group PLC
TIDM SGE
Headline Director/PDMR Shareholding
Released 18:00 06-Aug-2019
Number 1582I18

RNS Number : 1582I
Sage Group PLC
06 August 2019
 

DIRECTOR/PDMR SHAREHOLDING

 

6 August 2019

The Sage Group plc. (the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities

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

On the vesting of share plan awards on 3 August 2019, the following persons named below, who are Persons Discharging Managerial Responsibilities of The Sage Group plc., became beneficially entitled to the number of Ordinary shares of 14/77 pence each in the Company set out below, all of which have been transferred from shares held in Treasury. On 5 August 2019 the Company was notified that they each disposed of the number of Ordinary shares of 14/77 pence each set out below in respect of which they had become beneficially entitled, at the price per ordinary share set out below:

 

Executive Committee Member

Award Plan

Number of Ordinary Shares Acquired

Number of Ordinary Shares Disposed

Average price in pence

Resultant Total Shareholding

Aaron Harris

The Sage Group Restricted Share Plan

254,770

91,544

698.7238

274,457

Robert Reid

The Sage Group Restricted Share Plan

351,555

351,555

698.7238

116,267



ANNEX

 

Notifications and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

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 shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




0.00

254,770







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

3 August 2019

f)

 

Place of the transactions

 

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 shares to cover tax obligations arising from the vesting of shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




698.7238p

91,544







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

5 August 2019

f)

 

Place of the transactions

 

London Stock Exchange

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Robert Reid

2

 

Reason for the notification

 

a)

 

Position/status

Chairman Mid-Market Solutions and Managing Director, Sage Intacct

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 shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




0.00

351,555







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

3 August 2019

f)

 

Place of the transactions

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Robert Reid

2

 

Reason for the notification

 

a)

 

Position/status

Chairman Mid-Market Solutions and Managing Director, Sage Intacct

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 shares acquired from the vesting of shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




698.7238

351,555







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

5 August 2019

f)

 

Place of the transactions

 

London Stock Exchange

 

Name of contact:

Mohor Roy

Telephone number of contact:

+44(0) 191 294 3457

 

 


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