Sage Group (LON:SGE)

Sage Group (LON:SGE)


Share Price
760.40 p
Change
-9.4 (-1.22 %)
Market Cap
£8,262.37 m
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Sage Group RNS Release

Director/PDMR Shareholding


RNS Number : 6041Z
Sage Group PLC
20 May 2019
 

PDMR SHAREHOLDING

 

20 May 2019

 

 

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 20 May 2019 the persons named below, who are Persons Discharging Managerial Responsibilities 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 plc. 2019 Restricted Share Plan (RSP), The Sage Group plc. 2015 Performance Share Plan (PSP) and The Sage Group plc. 2017 Share Option Plan (SOP) respectively as shown below. 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 £7.468 per share is payable in respect of the SOP award. 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:

 

One-third of the RSP award of Rob Reid will vest on each of 4 December 2019, 4 December 2020 and 4 December 2021.

 

The SOP award of Rob Reid will vest on 4 December 2021.

 

The PSP award of Lee Perkins will vest on 4 December 2021.

 

 

Persons Discharging Managerial Responsibilities

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

Lee Perkins

N/A

32,806

N/A

32,806

Rob Reid

63,262

N/A

63,261

126,523

 

 

 

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

 

 Lee Perkins

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 share award under The Sage Group plc. 2015 Performance Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

nil

32,806

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

20 May 2019

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Rob Reid

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chairman Mid-Market Solutions

 

 

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 2019 Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

nil

63,262

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

20 May 2019

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Rob Reid

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chairman Mid-Market Solutions

 

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. 2017 Share Option Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

nil

63,261

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

20 May 2019

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 


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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