Director's Dealing • Dec 16, 2019
Director's Dealing
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National Storage Mechanism | Additional information
RNS Number : 9992W
Sage Group PLC
16 December 2019
DIRECTOR/PDMR SHAREHOLDING
16 December 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 The Sage Group Restricted Share Plan awards on 13 December 2019, the following persons named below, who are Members of the Executive Committee of the Company (PDMRs), 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 December 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, to cover tax obligations arising from the vesting.
| PDMRs | Award Plan | Number of Ordinary Shares Acquired | Number of Ordinary Shares Disposed | Average price in pence | Resultant Total Shareholding |
| Marc Linden | The Sage Group Restricted Share Plan | 57,199 | 28,417 | 732.917 | 170,190 |
| Aaron Harris | The Sage Group Restricted Share Plan | 57,199 | 22,553 | 732.917 | 256,674 |
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 | Marc Linden | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | EVP & GM Medium Segment Native Cloud Solutions | |||
| 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 | Volume | ||||
| 0.00 | 57,199 | ||||
| d) | Aggregated information | N/A - single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transactions | 13 December 2019 | |||
| f) | Place of the transactions | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Marc Linden | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | EVP & GM Medium Segment Native Cloud Solutions | |||
| 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 | Volume | ||||
| 732.917p | 28,417 | ||||
| d) | Aggregated information | N/A - single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transactions | 13 December 2019 | |||
| f) | Place of the transactions | London Stock Exchange |
| 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 | Volume | ||||
| 0.00 | 57,199 | ||||
| d) | Aggregated information | N/A - single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transactions | 13 December 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 | Volume | ||||||
| 732.917p | 22,553 | ||||||
| d) | Aggregated information | N/A - single transaction | |||||
| - Aggregated volume | |||||||
| - Price | |||||||
| e) | Date of the transactions | 13 December 2019 | |||||
| f) | Place of the transactions | London Stock Exchange | |||||
| Name of contact: | Mohor Roy | ||||||
| Telephone number of contact: | +44(0) 191 294 3457 | ||||||
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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