TIDMSGE

RNS Number : 8156I

Sage Group PLC

06 December 2022

DIRECTOR/ PDMR SHAREHOLDING

6 December 2022

The Sage Group plc. ("Sage")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them

This notification relates to transactions notified in accordance with Article 19 of the UK Market Abuse Regulation.

On 2 December 2022, the PDMRs noted below, who are members of the Executive Leadership Team of Sage, were granted awards over ordinary shares of 1(4/77) pence each in Sage under each of

   --    The Sage Group plc 2015 Performance Share Plan ("PSP"); 
   --    The Sage 2016 Deferred Share Bonus Plan ("DSBP"); and 
   --    The Sage Group plc 2019 Restricted Share Plan ("RSP 2019"), together the ("Awards"). 

No price is payable by the PDMRs on either the grant or vesting of the Awards.

The Awards will vest on 2 December 2025, subject, as applicable, to continued employment, performance conditions (applicable for PSP only) and satisfaction of a financial underpin requirement (applicable for RSP only) unless indicated otherwise below.

* The PSP awards of Steve Hare and Jonathan Howell are subject to a two-year holding period after the vesting date with Steve Hare and Jonathan Howell becoming entitled to the vested shares following their release at the end of such holding period, scheduled to be 2 December 2027.

** The RSP award for Cath Keers is not subject to the satisfaction of a financial underpin requirement and will vest on 30 September 2024.

The Awards are subject to malus (withholding) and recovery (clawback).

 
      PDMRs        Number of ordinary shares of 1(4/77) pence each 
                    in Sage that may be acquired on vesting of the Awards 
                      DSBP           PSP            RSP 2019           Total 
                   ----------  --------------  ------------------  ------------ 
 Steve Hare          50,785       259,210*                            309,995 
                   ----------  --------------  ------------------  ------------ 
 Jonathan Howell     35,221       159,961*                            195,182 
                   ----------  --------------  ------------------  ------------ 
 Amanda Cusdin                     66,350                             66,350 
                   ----------  --------------  ------------------  ------------ 
 Amy Lawson          5,797         52,858                             58,655 
                   ----------  --------------  ------------------  ------------ 
 Derk Bleeker                      86,495                             86,495 
                   ----------  --------------  ------------------  ------------ 
 Victoria Bradin                   63,762                             63,762 
                   ----------  --------------  ------------------  ------------ 
 Cath Keers          18,804                           78,548**        97,352 
                   ----------  --------------  ------------------  ------------ 
 Aaron Harris                      46,531            46,531           93,062 
                   ----------  --------------  ------------------  ------------ 
 Aziz Benmalek                     60,099            60,099           120,198 
                   ----------  --------------  ------------------  ------------ 
 Walid Abu-Hadba                   62,712            62,712           125,424 
                   ----------  --------------  ------------------  ------------ 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                          Steve Hare 
      --------------------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------------------- 
 a)    Position/status                               Chief Executive Officer 
      --------------------------------------------  ---------------------------------------------- 
 b)    Initial notification                          Initial notification 
        /Amendment 
      --------------------------------------------  ---------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------------- 
 a)    Name                                          The Sage Group plc. 
      --------------------------------------------  ---------------------------------------------- 
 b)    LEI                                           2138005RN5XYLTF8G138 
      --------------------------------------------  ---------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                            Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                           ISIN: GB00B8C3BL03 
 
 b)    Nature of the transaction                     Grant of share awards under The Sage 
                                                      Group plc 2015 Performance Share Plan 
                                                      and The Sage 2016 Deferred Share Bonus 
                                                      Plan 
      --------------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                     ------------------  ----------------------- 
                                                      Price               Volume 
                                                     ------------------  ----------------------- 
    Nil                                                                   309,995 
   --------------------------------------------------------------------  ----------------------- 
 
 d)    Aggregated information                        N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                       2 December 2022 
      --------------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                      Outside a trading venue 
      --------------------------------------------  ---------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                          Jonathan Howell 
      --------------------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------------------- 
 a)    Position/status                               Chief Financial Officer 
      --------------------------------------------  ---------------------------------------------- 
 b)    Initial notification                          Initial notification 
        /Amendment 
      --------------------------------------------  ---------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------------- 
 a)    Name                                          The Sage Group plc. 
      --------------------------------------------  ---------------------------------------------- 
 b)    LEI                                           2138005RN5XYLTF8G138 
      --------------------------------------------  ---------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                            Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                           ISIN: GB00B8C3BL03 
 
 b)    Nature of the transaction                     Grant of share awards under The Sage 
                                                      Group plc 2015 Performance Share Plan 
                                                      and The Sage 2016 Deferred Share Bonus 
                                                      Plan 
      --------------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                     ------------------  ----------------------- 
                                                      Price               Volume 
                                                     ------------------  ----------------------- 
    Nil                                                                   195,182 
   --------------------------------------------------------------------  ----------------------- 
 
 d)    Aggregated information                        N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                       2 December 2022 
      --------------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                      Outside a trading venue 
      --------------------------------------------  ---------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                           Amanda Cusdin 
      ---------------------------------------------  --------------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------------------- 
 a)    Position/status                                Chief People Officer 
      ---------------------------------------------  --------------------------------------------- 
 b)    Initial notification                           Initial notification 
        /Amendment 
      ---------------------------------------------  --------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------------- 
 a)    Name                                           The Sage Group plc. 
      ---------------------------------------------  --------------------------------------------- 
 b)    LEI                                            2138005RN5XYLTF8G138 
      ---------------------------------------------  --------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                             Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                            ISIN: GB00B8C3BL03 
 
 b)    Nature of the transaction                      Grant of share awards under The Sage 
                                                       Group plc 2015 Performance Share Plan 
      ---------------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      --------------------  -------------------- 
                                                       Price                 Volume 
                                                      --------------------  -------------------- 
    Nil                                                                      66,350 
   -----------------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information                         N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                        2 December 2022 
      ---------------------------------------------  --------------------------------------------- 
 f)    Place of the transaction                       Outside a trading venue 
      ---------------------------------------------  --------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                           Amy Lawson 
      ---------------------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------------------- 
 a)    Position/status                                Chief Corporate Affairs Officer 
      ---------------------------------------------  ---------------------------------------------- 
 b)    Initial notification                           Initial notification 
        /Amendment 
      ---------------------------------------------  ---------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------------------- 
 a)    Name                                           The Sage Group plc. 
      ---------------------------------------------  ---------------------------------------------- 
 b)    LEI                                            2138005RN5XYLTF8G138 
      ---------------------------------------------  ---------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                             Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                            ISIN: GB00B8C3BL03 
 
 b)    Nature of the transaction                      Grant of share awards under The Sage 
                                                       Group plc 2015 Performance Share Plan 
                                                       and The Sage 2016 Deferred Share Bonus 
                                                       Plan 
      ---------------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      ---------------------  -------------------- 
                                                       Price                  Volume 
                                                      ---------------------  -------------------- 
    Nil                                                                       58,655 
   ------------------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information                         N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                        2 December 2022 
      ---------------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                       Outside a trading venue 
      ---------------------------------------------  ---------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                           Derk Bleeker 
      ---------------------------------------------  --------------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------------------- 
 a)    Position/status                                President - EMEA 
      ---------------------------------------------  --------------------------------------------- 
 b)    Initial notification                           Initial notification 
        /Amendment 
      ---------------------------------------------  --------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------------- 
 a)    Name                                           The Sage Group plc. 
      ---------------------------------------------  --------------------------------------------- 
 b)    LEI                                            2138005RN5XYLTF8G138 
      ---------------------------------------------  --------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                             Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                            ISIN: GB00B8C3BL03 
 
 b)    Nature of the transaction                      Grant of share awards under The Sage 
                                                       Group plc 2015 Performance Share Plan 
      ---------------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      --------------------  -------------------- 
                                                       Price                 Volume 
                                                      --------------------  -------------------- 
    Nil                                                                      86,495 
   -----------------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information                         N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                        2 December 2022 
      ---------------------------------------------  --------------------------------------------- 
 f)    Place of the transaction                       Outside a trading venue 
      ---------------------------------------------  --------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                           Vicki Bradin 
      ---------------------------------------------  --------------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------------------- 
 a)    Position/status                                General Counsel and Company Secretary 
      ---------------------------------------------  --------------------------------------------- 
 b)    Initial notification                           Initial notification 
        /Amendment 
      ---------------------------------------------  --------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------------- 
 a)    Name                                           The Sage Group plc. 
      ---------------------------------------------  --------------------------------------------- 
 b)    LEI                                            2138005RN5XYLTF8G138 
      ---------------------------------------------  --------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                             Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                            ISIN: GB00B8C3BL03 
 
 b)    Nature of the transaction                      Grant of share awards under The Sage 
                                                       Group plc 2015 Performance Share Plan 
      ---------------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      --------------------  -------------------- 
                                                       Price                 Volume 
                                                      --------------------  -------------------- 
    Nil                                                                      63,762 
   -----------------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information                         N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                        2 December 2022 
      ---------------------------------------------  --------------------------------------------- 
 f)    Place of the transaction                       Outside a trading venue 
      ---------------------------------------------  --------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                           Cath Keers 
      ---------------------------------------------  ------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------------------ 
 a)    Position/status                                Chief Marketing Officer 
      ---------------------------------------------  ------------------------------------------- 
 b)    Initial notification                           Initial notification 
        /Amendment 
      ---------------------------------------------  ------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------ 
 a)    Name                                           The Sage Group plc. 
      ---------------------------------------------  ------------------------------------------- 
 b)    LEI                                            2138005RN5XYLTF8G138 
      ---------------------------------------------  ------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                             Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                            ISIN: GB00B8C3BL03 
 
 b)    Nature of the transaction                      Grant of share awards under The Sage 
                                                       2016 Deferred Share Bonus Plan and 
                                                       The Sage Group plc 2019 Restricted 
                                                       Share Plan 
      ---------------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      -------------------  ------------------- 
                                                       Price                Volume 
                                                      -------------------  ------------------- 
    Nil                                                                     97,352 
   ----------------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information                         N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                        2 December 2022 
      ---------------------------------------------  ------------------------------------------- 
 f)    Place of the transaction                       Outside a trading venue 
      ---------------------------------------------  ------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                           Aaron Harris 
      ---------------------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------------------- 
 a)    Position/status                                Chief Technology Officer 
      ---------------------------------------------  ---------------------------------------------- 
 b)    Initial notification                           Initial notification 
        /Amendment 
      ---------------------------------------------  ---------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------------------- 
 a)    Name                                           The Sage Group plc. 
      ---------------------------------------------  ---------------------------------------------- 
 b)    LEI                                            2138005RN5XYLTF8G138 
      ---------------------------------------------  ---------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                             Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                            ISIN: GB00B8C3BL03 
 
 b)    Nature of the transaction                      Grant of share awards under The Sage 
                                                       Group plc 2015 Performance Share Plan 
                                                       and The Sage Group plc 2019 Restricted 
                                                       Share Plan 
      ---------------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      ---------------------  -------------------- 
                                                       Price                  Volume 
                                                      ---------------------  -------------------- 
    Nil                                                                       93,062 
   ------------------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information                         N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                        2 December 2022 
      ---------------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                       Outside a trading venue 
      ---------------------------------------------  ---------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                          Aziz Benmalek 
      --------------------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------------------- 
 a)    Position/status                               President - North America 
      --------------------------------------------  ---------------------------------------------- 
 b)    Initial notification                          Initial notification 
        /Amendment 
      --------------------------------------------  ---------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------------- 
 a)    Name                                          The Sage Group plc. 
      --------------------------------------------  ---------------------------------------------- 
 b)    LEI                                           2138005RN5XYLTF8G138 
      --------------------------------------------  ---------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                            Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                           ISIN: GB00B8C3BL03 
 
 b)    Nature of the transaction                     Grant of share awards under The Sage 
                                                      Group plc 2015 Performance Share Plan 
                                                      and The Sage Group plc 2019 Restricted 
                                                      Share Plan 
      --------------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                     ------------------  ----------------------- 
                                                      Price               Volume 
                                                     ------------------  ----------------------- 
    Nil                                                                   120,198 
   --------------------------------------------------------------------  ----------------------- 
 
 d)    Aggregated information                        N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                       2 December 2022 
      --------------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                      Outside a trading venue 
      --------------------------------------------  ---------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                          Walid Abu-Hadba 
      --------------------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------------------- 
 a)    Position/status                               Chief Product Officer 
      --------------------------------------------  ---------------------------------------------- 
 b)    Initial notification                          Initial notification 
        /Amendment 
      --------------------------------------------  ---------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------------- 
 a)    Name                                          The Sage Group plc. 
      --------------------------------------------  ---------------------------------------------- 
 b)    LEI                                           2138005RN5XYLTF8G138 
      --------------------------------------------  ---------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                            Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                           ISIN: GB00B8C3BL03 
 
 b)    Nature of the transaction                     Grant of share awards under The Sage 
                                                      Group plc 2015 Performance Share Plan 
                                                      and The Sage Group plc 2019 Restricted 
                                                      Share Plan 
      --------------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                     ------------------  ----------------------- 
                                                      Price               Volume 
                                                     ------------------  ----------------------- 
    Nil                                                                   125,424 
   --------------------------------------------------------------------  ----------------------- 
 
 d)    Aggregated information                        N/A - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                       2 December 2022 
      --------------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                      Outside a trading venue 
      --------------------------------------------  ---------------------------------------------- 
 
 
 Name of contact:                Mohor Roy, Deputy Company Secretary 
 Telephone number of contact:    + 44(0) 203 810 7200 
                                ------------------------------------ 
 

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