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Director/PDMR Shareholding

RNS Number : 8929U
Sage Group PLC
24 January 2017
 

DIRECTOR/PDMR SHAREHOLDING

 

24 January 2017

 

The Sage Group plc (the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities

This notification relates to transactions notified in accordance with DR 3.1.4R(1)(a).

On the vesting of an award under the Sage Group Performance Share Plan (the PSP) on 20 January 2017, the following member of the executive committee of the Company became beneficially entitled to the number of ordinary shares of 14/77 pence each in the Company set out below, all of which were held in trust by Intertrust Employee Benefit Trustee Limited as trustee of the Sage Group plc Employee Benefit Trust (the Trustee).  On 23 January 2017 the Company was notified that the following member of the executive committee disposed of the number of ordinary shares of 14/77 pence each set out below in respect of which the individual had become beneficially entitled under The Sage Group Performance Share Plan, at the price per ordinary share set out below, to cover tax obligations arising from the vesting.

 

Executive Committee Member

Number of Ordinary Shares Acquired

Aggregate Number of Ordinary Shares Disposed

Average price in pence

Resultant Total Shareholding

Steve Hare

80,451

38,598

6.31171p

41,853

On the vesting of an award under the Sage Group Restricted Share Plan (the RSP) on 20 January 2017, the following member of the executive committee of the Company became beneficially entitled to the number of ordinary shares of 14/77 pence each in the Company set out below, all of which were held in trust by Intertrust Employee Benefit Trustee Limited as trustee of the Sage Group plc Employee Benefit Trust (the Trustee).  On 23 January 2017 the Company was notified that the following member of the executive committee disposed of the number of ordinary shares of 14/77 pence each set out below in respect of which the individual had become beneficially entitled under The Sage Group Restricted Share Plan, at the price per ordinary share set out below, to cover tax obligations arising from the vesting

 

Executive Committee Member

Number of Ordinary Shares Acquired

Aggregate Number of Ordinary Shares Disposed

Average price in pence

Resultant Total Shareholding

Santiago Solanas

33,229

11,542

6.31171p

57,473

 

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

 

 

1. Steve Hare

2. Santiago Solanas

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

1. Chief Financial Officer

2. Global Chief Marketing 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

 

 

1. Vesting of shares under the Sage Group Performance Share Plan

2. Vesting of shares under the Sage Group Restricted Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)



1

0.00

80,451



2

0.00

33,229







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

 

 

20 January 2017

f)

 

Place of the transactions

 

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

1. Steve Hare

2. Santiago Solanas

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

1. Chief Financial Officer

2. Global Chief Marketing 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

 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)



1

6.31171p

38,598



2

6.31171p

11,542







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

 

 

23 January 2017

f)

 

Place of the transactions

 

 

London Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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