18 March 2020
Sage has a strong balance sheet and low debt, supported by a resilient, recurring revenue stream and robust cash flow generation. Whilst the impact of COVID-19 on Sage’s business performance to date has been limited, the Board believes that given the highly uncertain economic outlook it is prudent to suspend the share buy-back.
The Board will consider restarting the share buy-back programme in due course.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014. The person responsible for making this announcement on behalf of Sage is Vicki Bradin (Company Secretary).
The Sage Group plc +44(0) 191 294 3457
Jonathan Howell, Chief Financial Officer
James Sandford, Investor Relations
Amy Lawson, Media
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