Please wait ...

Director/PDMR Shareholding

RNS Number : 2053N
Sage Group PLC
04 August 2017
 

DIRECTOR/PDMR SHAREHOLDING

 

4 August 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 4 August 2017, the following members 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 4 August 2017 the Company was notified that the following members 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

197,765

93,136

681.1426p

146,482

Klaus-Michael Vogelburg

93,733

44,143

681.1426p

295,002

 

 

ANNEX

 

Template for notification 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

 

 

Steve Hare

 

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

 

 

Share sale (sell to cover tax)

c)

 

Price(s) and volume(s)







Price

Volume




681.1426 pence

93,136







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 August 2017

f)

 

Place of the transaction

 

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Klaus-Michael Vogelberg

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Technology 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

 

 

Share sale (sell to cover tax)

c)

 

Price(s) and volume(s)







Price

Volume




681.1426 pence

44,143







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

4 August 2017

f)

 

Place of the transaction

 

 

London Stock Exchange

 

 


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