Remuneration Information • Jun 12, 2020
Remuneration Information
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RNS Number : 8411P
Sage Group PLC
12 June 2020
DIRECTOR/ PDMR SHAREHOLDING
12 June 2020
The Sage Group plc. ("Sage")
Notification of Transactions of Persons Discharging Managerial Responsibilities
This notification relates to transactions notified in accordance with article 19 of the Market Abuse Regulation.
Sage announces that on 11 June 2020 it granted options (the "Options") over a total of 2,924,638 ordinary shares of 14/77 pence each to 2,742 employees pursuant to the all-employee The Sage Save and Share Plan (the "Plan").
The Options for UK participants are exercisable between 1 August 2023 and 31 January 2024 with the exercise price set at a 20% discount to the average middle market quotation of the three dealing days prior to the launch of the Plan on 19 May 2020 and is 511 pence per ordinary share. The invitation to join the Plan was made available to all employees of Sage globally, who were employed on or before 6 May 2020. Employees are limited to a maximum saving of £500 per month (or equivalent in local currency) over the period of the Plan. The grant of Options amounts to 0.2609% of Sage's issued share capital as at 11 June 2020. The exercise of Options on maturity is not dependent upon performance criteria.
The following PDMRs and PCAs have applied to participate in the Plan and are included in the totals above as follows:
| PDMRs and PCAs | Number of Options granted at 511 pence per ordinary share |
| Sue Goble | 3,522 |
| Amanda Cusdin | 704 |
| Derk Bleeker | 3,522 |
| Klaus-Michael Vogelberg | 3,522 |
| Nikola McNicol-Kenney* | 1,409 |
| Declan Hare** | 704 |
*PCA to Lee Perkins
**PCA to Steve Hare
ANNEX
Templates for notification 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 | Sue Goble | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Customer Success 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 | Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024 | |||
| c) | Price(s) and volume(s) | ||||
| Price | Volume | ||||
| Nil | 3,522 | ||||
| d) | Aggregated information | N/A - single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 11 June 2020 | |||
| f) | Place of the transaction | 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 | Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024 | |||
| c) | Price(s) and volume(s) | ||||
| Price | Volume | ||||
| Nil | 704 | ||||
| d) | Aggregated information | N/A - single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 11 June 2020 | |||
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Derk Bleeker | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Corporate Development 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 | Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024 | |||
| c) | Price(s) and volume(s) | ||||
| Price | Volume | ||||
| Nil | 3,522 | ||||
| d) | Aggregated information | N/A - single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 11 June 2020 | |||
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Klaus-Michael Vogelberg | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Architect and Technology Advisor | |||
| 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 | Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024 | |||
| c) | Price(s) and volume(s) | ||||
| Price | Volume | ||||
| Nil | 3,522 | ||||
| d) | Aggregated information | N/A - single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 11 June 2020 | |||
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Nikola McNicol-Kenney | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PCA to Lee Perkins | |||
| 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 | Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024 | |||
| c) | Price(s) and volume(s) | ||||
| Price | Volume | ||||
| Nil | 1,409 | ||||
| d) | Aggregated information | N/A - single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 11 June 2020 | |||
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Declan Hare | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PCA to Steve Hare | |||
| 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 | Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2023 and 31 January 2024 | |||
| c) | Price(s) and volume(s) | ||||
| Price | Volume | ||||
| Nil | 704 | ||||
| d) | Aggregated information | N/A - single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 11 June 2020 | |||
| f) | Place of the transaction | Outside a trading venue |
| Name of contact: | Mohor Roy |
| Telephone number of contact: | +44(0) 203 810 7200 |
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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