Sage Group (LON:SGE)

Sage Group (LON:SGE)


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Sage Group RNS Release

Director/PDMR Shareholding


RNS Number : 7358K
Sage Group PLC
17 December 2018
 

DIRECTOR/PDMR SHAREHOLDING

 

17 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 the vesting of share plan awards on 14 December 2018 Steve Hare, who is a Director and Chief Executive Officer of The Sage Group plc. and Klaus-Michael Vogelberg, who is a member of the Executive Committee, became beneficially entitled to the number of ordinary shares of 14/77 pence each in the Company set out below, all of which were held in trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage Group plc Employee Benefit Trust.  On 14 December 2018 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:

 

Executive Committee Member

Award Plan

Number of Ordinary Shares Acquired

Aggregate Number of Ordinary Shares Disposed

Average price in pence

Resultant Total Shareholding

Steve Hare

The Sage Group Deferred Bonus Plan

24,619

11,595

594.8p

280,792

Klaus-Michael Vogelberg

The Sage Group Deferred Bonus Plan

7,583

3,572

594.8p

348,374

 

 

 

 

 

 

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

Steve Hare

2

 

Reason for the notification

 

a)

 

Position/status

Chief Executive 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 Deferred Bonus Plan.

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

0.00

24,619

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

14 December 2018

f)

 

Place of the transactions

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Steve Hare

2

 

Reason for the notification

 

a)

 

Position/status

Chief Executive 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 Deferred Bonus Plan.

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

5.948

11,595

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

14 December 2018

f)

 

Place of the transactions

 

London Stock Exchange

 

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

 

Vesting of shares under The Sage Group Deferred Bonus Plan.

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

0.00

7,583

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

14 December 2018

f)

 

Place of the transactions

 

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

 

Sale of shares to cover tax obligations arising from the vesting of shares under The Sage Group Deferred Bonus Plan.

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

5.948

3,572

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

14 December 2018

f)

 

Place of the transactions

 

London Stock Exchange

 


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