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Regulatory Story
Company Sage Group PLC
TIDM SGE
Headline Director/PDMR Shareholding
Released 11:01 16-Sep-2019
Number 4483M11

RNS Number : 4483M
Sage Group PLC
16 September 2019
 

DIRECTOR/PDMR SHAREHOLDING

 

16 September 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 Sage Group Restricted Share Plan awards on 13 September 2019, Amanda Cusdin, who is a member of the Executive Committee of the Company, 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 13 September 2019 the Company was notified that Amanda Cusdin disposed off the number of Ordinary shares of 14/77 pence each set out below in respect of which she had become beneficially entitled, at the price per Ordinary share set out below, to cover tax obligations arising from the vesting.

 

Executive Committee Member

Award Plan

Number of Ordinary Shares Acquired

Number of Ordinary Shares Disposed

Average price in pence

Resultant Total Shareholding

Amanda Cusdin

The Sage Group Restricted Share Plan

18,585

8,381

£6.63488

18,083

 

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

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

 

Vesting of shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

0.00

18,585

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

13 September 2019

f)

 

Place of the transactions

 

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

 

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)

 

 

 

£6.63488

8,381

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

13 September 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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