Sage Group PLC

Director's Dealing • Nov 18, 2022

National Storage Mechanism | Additional information

RNS Number : 9025G

Sage Group PLC

18 November 2022

DIRECTOR/PDMR SHAREHOLDING

18 November 2022

The Sage Group plc. (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

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

Jonathan Howell, Chief Financial Officer and PDMR, 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 "Sage Buy Out Award"). In accordance with the terms and performance conditions of the Sage Buy Out Award, 46,041 ordinary shares of 14/77 pence each in the Company vested on 3 October 2020, and were subject to a two-year holding period, until 3 October 2022, when they became eligible for release. The release was deferred to 16 November 2022, due to closed period share dealing restrictions.

On 16 November 2022, the Sage Buy Out Award was settled using shares held in trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage Group plc. Employee Benefit Trust. On 17 November 2022, the Company was notified that on 16 November 2022, Jonathan Howell disposed of a number of ordinary shares of 14/77 pence each, in respect of which he had become beneficially entitled, to cover tax obligations arising from the release.

PDMR	Award Plan	Number of Ordinary Shares Acquired	Number of Ordinary Shares Disposed	Sale price per share	Resultant Total Shareholding
Jonathan Howell	Sage Buy Out Award	46,041	22,260	£7.843693	170,441

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	Release of shares under the Sage Buy Out Award
c)	Price(s) and volume(s)
		Price	Volume
		Nil	46,041
d)	Aggregated information	N/A - single transaction
- Aggregated volume
- Price
e)	Date of the transaction	16 November 2022
f)	Place of the transaction	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 release of shares under the Sage Buy Out Award
c)	Price(s) and volume(s)
		Price	Volume
		£7.843693	22,260
d)	Aggregated information	N/A - single transaction
- Aggregated volume
- Price
e)	Date of the transaction	16 November 2022
f)	Place of the transaction	London Stock Exchange

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

DSHBPBLTMTMBMLT