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Grant of Options under Sage Save & Share Plan

RNS Number : 9141G
Sage Group PLC
01 June 2017
 

                                                     1 June 2017

The Sage Group plc

 

The Sage Group plc ("Sage") announces that on 1 June 2017 it granted options ("Options") over a total of 2,207,908 ordinary shares of 14/77 pence each ("Ordinary Shares") to 2,578 employees pursuant to the all-employee Sage Save & Share Plan (the "Plan").

 

The Options are exercisable between 1 August 2020 and 1 February 2021. The exercise price was set at a 20% discount to the average middle market quotation of the three dealing days prior to the launch of the Plan on 9 May 2017 and is 559 pence per Ordinary Share*.  The allocation of share options was made available to all employees globally, who were employed on or before 1 May 2017.  Employees are limited to a maximum saving of £500 per month (or equivalent in local currency) over the period of the Plan.  The grant of options amounts to 0.197% of the Company's current issued share capital.  The exercise of options on maturity is not dependent upon performance criteria.

The following PDMRs have applied to participate in the Plan and are included in the totals above as follows:

Name

No. of options granted at 559** pence per share

Vicki Bradin

3,220

Sandra Campopiano

1,610

Blair Crump

1,964

 

*Participants in France and the US have an exercise price of 561 pence per share and 610 pence per share respectively.  US participants have a 2-year savings period and options are exercisable between 1 August 2019 and 31 August 2019.

**Blair Crump is participating under the terms of the US Schedule to the Plan at an exercise price of 610 pence per share.

 

 

 

Enquiries:

 

The Sage Group plc                                                                FTI Consulting

+44 (0) 191 294 4190                                                                 +44 (0) 20 3727 1000

Lauren Wholley, Investor Relations                                              Charles Palmer

Amy Lawson, Corporate PR                                                        Dwight Burden

                                                                                                                                   

 

ENDS

 

ANNEX

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the persons discharging managerial responsibilities

 

a)

 

Name

 

 

1.   Vicki Bradin

2.   Sandra Campopiano

3.   Blair Crump

2

 

Reason for the notification

 

a)

 

Position/status

 

 

1.   General Counsel & Company Secretary

2.   Chief People Officer

3.   President

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

 

 

Grant of options over shares under The Sage Group plc Save & Share Plan, exercisable between 1 August 2020 and 1 February 2021.

 

c)

 

Price(s) and volume(s)

 

 

Price

Volume

1

5.59

3,220

2

5.59

1,610

3

6.10

1,964

 

 

 

 

 

 

 

 

 

 

 

d)

 

Aggregated information

N/A - single transaction

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

1 June 2017

f)

 

Place of the transaction

 

 

Off-market

 


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