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RNS Number : 7200L
Sage Group PLC
09 September 2019
 

DIRECTOR/PDMR SHAREHOLDING

 

9 September 2019

 

The Sage Group plc. (the Company)

 

Notification of Transactions of Persons Discharging Managerial Responsibilities

 

This announcement is made pursuant to Article 19 of the Market Abuse Regulation.

 

The Company announces that Robert Reid, who is a member of the Executive Committee of the Company, has exercised options over 120,000 Ordinary shares of 14/77 pence each in the Company at an exercise price of 22 pence per share under the terms of The Sage Group plc 2017 Share Option Plan on 6 September 2019. The options were originally granted on 12 October 2011 subject to roll over as part of the Intacct Corporation acquisition on 3 August 2017 and matured on 3 August 2018. The resultant total shareholding of Robert Reid is 236,267 Ordinary shares of 14/77 pence each in the Company.

 

 

 

 

 

 

 

 

 

 

 

 



 

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

Robert Reid

2

 

Reason for the notification

 

a)

 

Position/status

Chairman Mid-Market Solutions and Managing Director, Sage Intacct

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

 

Exercise of options to acquire Ordinary shares in the Company pursuant to The Sage Group plc 2017 Share Option Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




22 pence

120,000







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

6 September 2019

f)

 

Place of the transactions

 

London Stock Exchange

 

 

Name of contact:

Mohor Roy

Telephone number of contact:

+44(0) 191 294 3457

 

 

 

 


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.
 
END
 
 
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Quick facts: The Sage Group plc

Price: 736.2

Market: LSE
Market Cap: £8.02 billion
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