Director/PDMR Shareholding
Updated : 16:45
DIRECTOR/PDMR SHAREHOLDING
20 November 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.
Jonathan Howell, Chief Financial Officer and member of the Executive Committee of the Company, was granted a conditional award on 11 December 2018 to replace share awards that he forfeited at Close Brothers when he was appointed Chief Financial Officer of the Company (the "The Sage Buy Out Award"). In accordance with the terms and performance conditions of The Sage Buy Out Award, 65,515 Ordinary shares of 14/77 pence each in the Company as set out below vested on 4 October 2019, with release deferred to 20 November 2019 due to share dealing restrictions. These shares have been transferred from shares held in trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage Group plc. Employee Benefit Trust on 20 November 2019. On the same day the Company was notified that Jonathan Howell disposed of a number of Ordinary shares of 14/77 pence each, as set out below, in respect of which he had become beneficially entitled, to cover tax obligations arising from the vesting.
Executive Committee Member | Award Plan | Number of Ordinary Shares Acquired | Number of Ordinary Shares Disposed | Average price in pence | Resultant Total Shareholding |
Jonathan Howell | The Sage Buy Out Award | 65,515 | 30,855 | 709.4 | 109,660 |
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 | Jonathan Howell | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chief Financial 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 Buy Out Award | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
0.00 | 65,515 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transactions | 20 November 2019 | |||
f)
| Place of the transactions
| Outside a trading venue |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Jonathan Howell | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chief Financial 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 Buy Out Award | |||
c)
| Price(s) and volume(s) | ||||
Price | Volume | ||||
709.4p | 30,855 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transactions | 20 November 2019 | |||
f)
| Place of the transactions | London Stock Exchange |
Name of contact: | Mohor Roy |
Telephone number of contact: | +44(0) 191 294 3457 |
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