Transaction in Own Shares
Updated : 07:01
The Sage Group plc ("Sage" or the "Company") today announces that on 18 March 2020 it purchased a total of 106,881 of its ordinary shares of 1 ⁴/₇₇ pence each, as further detailed below. | ||||||
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| Per Ordinary Share |
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| Average price paid | £5.9031 |
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| Highest price paid | £6.0640 |
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| Lowest price paid | £5.7220 |
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These share purchases form part of the Company's share buy-back programme, which has now been suspended, details of which were announced on 12 March 2020 and subsequently on 18 March 2020. | ||||||
The Company will hold the purchased shares in treasury, to be used to meet obligations arising from share option programmes or other allocations of shares to employees or directors. | ||||||
Following the above transaction, the issued share capital of Sage consists 1,120,789,295 ordinary shares of 1⁴/₇₇ pence each, of which 30,242,603 ordinary shares of 1⁴/₇₇ pence each would be held in treasury. Therefore, the total exercisable voting rights in Sage will be 1,090,546,692. | ||||||
The above figure 1,090,546,692 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Sage under the DTRs. In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a schedule of individual trades by Citigroup is available using the following link: | ||||||
http://www.rns-pdf.londonstockexchange.com/rns/7251G_1-2020-3-19.pdf |
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