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Regulatory Story
Company Sage Group PLC
TIDM SGE
Headline Director/PDMR Shareholding
Released 16:43 20-Nov-2019
Number 1158U16

RNS Number : 1158U
Sage Group PLC
20 November 2019
 

DIRECTOR/PDMR SHAREHOLDING

 

20 November 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.

Jonathan Howell, Chief Financial Officer and member of the Executive Committee of the Company, was granted a conditional award on 11 December 2018 to replace share awards that he forfeited at Close Brothers when he was appointed Chief Financial Officer of the Company (the "The Sage Buy Out Award"). In accordance with the terms and performance conditions of The Sage Buy Out Award, 65,515 Ordinary shares of 14/77 pence each in the Company as set out below vested on 4 October 2019, with release deferred to 20 November 2019 due to share dealing restrictions. These shares have been transferred from shares held in trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage Group plc. Employee Benefit Trust on 20 November 2019. On the same day the Company was notified that Jonathan Howell disposed of a number of Ordinary shares of 14/77 pence each, as set out below, in respect of which he had become beneficially entitled, 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

Jonathan Howell

The Sage Buy Out Award

65,515

30,855

709.4

109,660



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

Jonathan Howell

2

 

Reason for the notification

 

a)

 

Position/status

Chief Financial 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 Buy Out Award

c)

 

Price(s) and volume(s)







Price

Volume




0.00

65,515







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

20 November 2019

f)

 

Place of the transactions

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Jonathan Howell

2

 

Reason for the notification

 

a)

 

Position/status

Chief Financial 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 Buy Out Award

c)

 

Price(s) and volume(s)







Price

Volume




709.4p

30,855







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

20 November 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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