Sage Group PLC

Director's Dealing • Jun 16, 2022

National Storage Mechanism | Additional information

RNS Number : 1959P

Sage Group PLC

16 June 2022

DIRECTOR/ PDMR SHAREHOLDING

16 June 2022

The Sage Group plc. ("Sage")

Notification of Transactions by Persons Discharging Managerial Responsibilities

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

Sage announces that on 14 June 2022 it granted options (the "Options") over a total of 1,628,085 ordinary shares of 14/77 pence each to 2,012 employees, pursuant to The Sage Save and Share Plan (the "Plan").

The invitation to join the Plan was made available to all employees of Sage globally, who were employed on or before 9 May 2022. 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 0.1479% of Sage's issued share capital as at 14 June 2022.  The exercise of Options on maturity is not dependent upon performance criteria.

The Options for UK participants are exercisable between 1 August 2025 and 31 January 2026 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 2022 and is 533 pence per ordinary share. 

The Options for US Participants* are exercisable between 1 August 2024 and 31 August 2024 with the exercise price set at a 15% discount to the average middle market quotation of the three dealing days prior to the grant date of the Plan on 14 June 2022 and is 533 pence per ordinary share.

The following PDMRs have applied to participate in the Plan and are included in the totals above as follows:

PDMRs	Participating country	Number of Options granted	Option price per ordinary share
Amanda Cusdin	UK	1,013	533 pence
Walid Abu-Hadba*	US	2,471	533 pence

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 2025 and 31 January 2026
c)	Price(s) and volume(s)
		Price	Volume
		Nil	1,013
d)	Aggregated information	N/A - single transaction
- Aggregated volume
- Price
e)	Date of the transaction	14 June 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Walid Abu-Hadba
2	Reason for the notification
a)	Position/status	Chief Product 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 2024 and 31 August 2024
c)	Price(s) and volume(s)
		Price	Volume
		Nil	2,471
d)	Aggregated information	N/A - single transaction
- Aggregated volume
- Price
e)	Date of the transaction	14 June 2022
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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFFMITMTJBBRT