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Sage Group PLC - Director/PDMR Shareholding

RNS Number : 1705Z
Sage Group PLC
16 September 2020
 

DIRECTOR/PDMR SHAREHOLDING

 

16 September 2020

The Sage Group plc. ("Sage")

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 The Sage Group Restricted Share Plan awards on 13 September 2020, the following persons named below, who are Members of the Executive Committee of Sage ("PDMRs"), became beneficially entitled to the number of Ordinary shares of 14/77 pence each in Sage set out below, all of which have been transferred from shares held in Treasury. On 14 September 2020 Sage was notified that each individual, except Keith Robinson, 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. Keith Robinson sold all Ordinary shares of 14/77 pence each arising from this vesting at the price per Ordinary share set out below.

PDMRs

Number of Ordinary shares acquired

Number of Ordinary shares sold

Sale price in pence

Resultant Total Shareholding

Derk Bleeker

 19,927

9,385

721

 55,748

Amanda Cusdin

 19,022

8,959

721

 39,795

Lee Perkins

 63,336

29,828

721

 33,508

Keith Robinson

 21,817

21,817

721

 NIL

Sue Goble

 22,991

10,828

721

 42,193

 

 

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

Derk Bleeker

2

 

Reason for the notification

 

a)

 

Position/status

Chief Corporate Development 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 Ordinary shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

0.00

19,927

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

13 September 2020

f)

 

Place of the transactions

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Derk Bleeker

2

 

Reason for the notification

 

a)

 

Position/status

Chief Corporate Development 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 Ordinary shares to cover tax obligations arising from the vesting of Ordinary shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

721p

9,385

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

14 September 2020

f)

 

Place of the transactions

London Stock Exchange

 

 

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

 

Vesting of Ordinary shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

0.00

19,022

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

13 September 2020

f)

 

Place of the transactions

 

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

 

Sale of Ordinary shares to cover tax obligations arising from the vesting of Ordinary shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

721p

8,959

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

14 September 2020

f)

 

Place of the transactions

London Stock Exchange

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Lee Perkins

2

 

Reason for the notification

 

a)

 

Position/status

Chief Operating 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 Ordinary shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

0.00

63,336

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

13 September 2020

f)

 

Place of the transactions

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Lee Perkins

2

 

Reason for the notification

 

a)

 

Position/status

Chief Operating 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 Ordinary shares to cover tax obligations arising from the vesting of Ordinary shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

721p

29,828

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

14 September 2020

f)

 

Place of the transactions

London Stock Exchange

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Keith Robinson

2

 

Reason for the notification

 

a)

 

Position/status

Chief Strategy 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 Ordinary shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

0.00

21,817

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

13 September 2020

f)

 

Place of the transactions

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Keith Robinson

2

 

Reason for the notification

 

a)

 

Position/status

Chief Strategy 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 all Ordinary shares from the vesting under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

721p

21,817

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

14 September 2020

f)

 

Place of the transactions

London Stock Exchange

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Sue Goble

2

 

Reason for the notification

 

a)

 

Position/status

Chief Customer Success 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 Ordinary shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

0.00

22,991

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

13 September 2020

f)

 

Place of the transactions

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Sue Goble

2

 

Reason for the notification

 

a)

 

Position/status

Chief Customer Success 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 Ordinary shares to cover tax obligations arising from the vesting of Ordinary shares under The Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume

 

 

 

721p

10,828

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transactions

14 September 2020

f)

 

Place of the transactions

London Stock Exchange

 

 

Name of contact:

Mohor Roy

Telephone number of contact:

+ 44(0) 203 810 7200

 

 

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END
 
 
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Quick facts: The Sage Group plc

Price: 698

Market: LSE
Market Cap: £7.63 billion
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