Sage Group (LON:SGE)

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Sage Group RNS Release

Director/PDMR Shareholding


RNS Number : 5793J
Sage Group PLC
05 December 2018
 

DIRECTOR/PDMR SHAREHOLDING

 

5 December 2018

 

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 4 December 2018 the persons named below, who are members of the Executive Committee of The Sage Group plc., were granted awards over ordinary shares of 14/77 pence each in The Sage Group plc. under each of The Sage Group Restricted Share Plan (RSP), The Sage Group plc 2015 Performance Share Plan (PSP) and The Sage Group plc 2017 Share Option Plan (SOP). The maximum number of shares that may be acquired on the vesting of the award is specified opposite each participant's name below. No price is payable either on the grant or vesting of an RSP or a PSP award. An exercise price of £5.79 per share is payable in respect of the SOP awards.  Awards will normally vest, subject to continued employment and performance conditions (where applicable) according to the schedule below. Awards are subject to malus and clawback.

 

Awards will vest according to the following schedule:

 

RSP awards will vest 50% on the first anniversary of the grant date, 50% on the second anniversary of the grant date, with the exception of Amanda Cusdin's award over 36,269 shares which will vest 50% on 13 September 2019 and 50% on 13 September 2020.

 

PSP awards will vest 100% on the third anniversary of the grant date.

 

SOP awards will vest 50% on the first anniversary of the grant date, 50% on the second anniversary of the grant date. The lapse date of the SOP awards is 10 years from the grant date (which will be 4 December 2028).

 

 

Executive Committee Member

Maximum number of ordinary shares of 14/77 pence each in The Sage Group plc. that may be acquired on vesting of award

RSP

PSP

SOP

Total

Sanjay Almeida

36,648

92,638

85,511

214,797

Vicki Bradin

24,870

68,393

58,031

151,294

Amanda Cusdin

31,088

36,269

77,720

72,538

217,615

Ron McMurtrie

35,833

89,584

83,611

209,028

Klaus-Michael Vogelberg

28,497

74,093

66,493

169,083

 

 

 

 

 

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

 

 Sanjay Almeida

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Product Delivery 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 share award under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

36,648







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 Sanjay Almeida

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Product Delivery 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 share award under The Sage Group plc 2015 Performance Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

92,638







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 Sanjay Almeida

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Product Delivery 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 share option under The Sage Group plc 2017 Share Option Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

85,511







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Vicki Bradin

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

General Counsel and Company Secretary

 

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 share award under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

24,870







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Vicki Bradin

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

General Counsel and Company Secretary

 

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 share award under The Sage Group plc 2015 Performance Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

68,393







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Vicki Bradin

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

General Counsel and Company Secretary

 

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 share option under The Sage Group plc 2017 Share Option Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

58,031







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

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 share award under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

31,088




nil

36,269







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

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 share award under The Sage Group plc 2015 Performance Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

77,720







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

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 share option under The Sage Group plc 2017 Share Option Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

72,538







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Ron McMurtrie

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Marketing 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 share award under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

35,833







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Ron McMurtrie

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Marketing 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 share award under The Sage Group plc 2015 Performance Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

89,584







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Ron McMurtrie

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Marketing 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 share option under The Sage Group plc 2017 Share Option Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

83,611







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

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 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

 

 

Grant of share award under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

28,497







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

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 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

 

 

Grant of share award under The Sage Group plc 2015 Performance Share Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

74,093







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

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 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

 

 

Grant of share option under The Sage Group plc 2017 Share Option Plan

c)

 

Price(s) and volume(s)







Price

Volume




nil

66,493







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 December 2018

f)

 

Place of the transaction

 

 

Outside a trading venue

 


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