Please wait ...

Director/PDMR Shareholding

RNS Number : 1109D
Sage Group PLC
26 January 2018
 

DIRECTOR/PDMR SHAREHOLDING

 

26 January 2018

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(3) of the Market Abuse Regulation.

On the vesting of share plan awards on 25 January 2018 the persons named below, who are Directors and/or members of the Executive Committee of The Sage Group plc., became beneficially entitled to the number of ordinary shares of 14/77 pence each in the Company set out below, all of which were either held in trust by Intertrust Employee Benefit Trustee Limited as trustee of The Sage Group plc Employee Benefit Trust (the Trustee) or satisfied with treasury shares.  On 25 January 2018 the Company was notified that the following Directors and/or members of the Executive Committee of The Sage Group plc. 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 to, at the price per ordinary share set out below, to cover tax obligations arising from the vesting.

 

Executive Committee Member

Award Plan

Number of Ordinary Shares Acquired

Aggregate Number of Ordinary Shares Disposed

Average price in pence

Resultant Total Shareholding

Stephen Kelly

The Sage Group Performance Share Plan

302,173

142,022

759.48p

397,497

Steve Hare

The Sage Group Performance Share Plan

189,105

88,880

759.48p

 

 

 

252,976

The Sage Group Deferred Bonus Plan

11,831

5,562

759.48p

Klaus-Michael Vogelberg

The Sage Group Performance Share Plan

88,757

41,717

759.48p

342,042

Amanda Cusdin

The Sage Group plc 2015 Performance Share Plan

9,910

4,660

759.48p

5,250

 

 

 

 

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

Stephen Kelly

2

 

Reason for the notification

 

a)

 

Position/status

Chief Executive 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 Group Performance Share Plan and sale of shares to cover tax obligations arising from the vesting

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




0.00

160,151







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

25 January 2018

f)

 

Place of the transactions

 

London Stock Exchange

 

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

 

Vesting of shares under The Sage Group Performance Share Plan and sale of shares to cover tax obligations arising from the vesting

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




0.00

100,225







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

25 January 2018

f)

 

Place of the transactions

 

London Stock Exchange

 

 

 

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

 

Vesting of shares under The Sage Group Deferred Bonus Plan and sale of shares to cover tax obligations arising from the vesting

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




0.00

6,269







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

25 January 2018

f)

 

Place of the transactions

 

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

 

Vesting of shares under The Sage Group Performance Share Plan and sale of shares to cover tax obligations arising from the vesting

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




0.00

47,040







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

25 January 2018

f)

 

Place of the transactions

 

London Stock Exchange

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Amanda Cusdin

2

 

Reason for the notification

 

a)

 

Position/status

Chief People Officer (Interim)

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

 

Net vesting of shares under The Sage Group plc 2015 Performance Share Plan and sale of shares to cover tax obligations arising from the vesting

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




0.00

5,250







d)

 

Aggregated information

N/A - single transaction



- Aggregated volume




- Price




e)

 

Date of the transactions

25 January 2018

f)

 

Place of the transactions

 

London Stock Exchange

 


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