9th Sep 2019 17:03
DIRECTOR/PDMR SHAREHOLDING
9 September 2019
The Sage Group plc. (the Company)
Notification of Transactions of Persons Discharging Managerial Responsibilities
This announcement is made pursuant to Article 19 of the Market Abuse Regulation.
The Company announces that Robert Reid, who is a member of the Executive Committee of the Company, has exercised options over 120,000 Ordinary shares of 14/77 pence each in the Company at an exercise price of 22 pence per share under the terms of The Sage Group plc 2017 Share Option Plan on 6 September 2019. The options were originally granted on 12 October 2011 subject to roll over as part of the Intacct Corporation acquisition on 3 August 2017 and matured on 3 August 2018. The resultant total shareholding of Robert Reid is 236,267 Ordinary shares of 14/77 pence each in the Company.
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 | Robert Reid | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chairman Mid-Market Solutions and Managing Director, Sage Intacct | |||
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
| Exercise of options to acquire Ordinary shares in the Company pursuant to The Sage Group plc 2017 Share Option Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
22 pence | 120,000 | ||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transactions | 6 September 2019 | |||
f)
| Place of the transactions
| London Stock Exchange | |||
Name of contact: | Mohor Roy |
Telephone number of contact: | +44(0) 191 294 3457 |
Related Shares:
Sage Group