Sage Group PLC Grant of Options under Sage Save & Share Plan (9141G)
June 01 2017 - 10:50AM
UK Regulatory
TIDMSGE
RNS Number : 9141G
Sage Group PLC
01 June 2017
1 June 2017
The Sage Group plc
The Sage Group plc ("Sage") announces that on 1 June 2017 it
granted options ("Options") over a total of 2,207,908 ordinary
shares of 1(4/77) pence each ("Ordinary Shares") to 2,578 employees
pursuant to the all-employee Sage Save & Share Plan (the
"Plan").
The Options are exercisable between 1 August 2020 and 1 February
2021. The exercise price was set at a 20% discount to the average
middle market quotation of the three dealing days prior to the
launch of the Plan on 9 May 2017 and is 559 pence per Ordinary
Share*. The allocation of share options was made available to all
employees globally, who were employed on or before 1 May 2017.
Employees are limited to a maximum saving of GBP500 per month (or
equivalent in local currency) over the period of the Plan. The
grant of options amounts to 0.197% of the Company's current issued
share capital. The exercise of options on maturity is not dependent
upon performance criteria.
The following PDMRs have applied to participate in the Plan and
are included in the totals above as follows:
Name No. of options
granted at 559**
pence per share
------------------- ------------------
Vicki Bradin 3,220
------------------- ------------------
Sandra Campopiano 1,610
------------------- ------------------
Blair Crump 1,964
------------------- ------------------
*Participants in France and the US have an exercise price of 561
pence per share and 610 pence per share respectively. US
participants have a 2-year savings period and options are
exercisable between 1 August 2019 and 31 August 2019.
**Blair Crump is participating under the terms of the US
Schedule to the Plan at an exercise price of 610 pence per
share.
Enquiries:
The Sage Group plc FTI Consulting
+44 (0) 191 294 4190 +44 (0) 20 3727 1000
Lauren Wholley, Investor Relations Charles Palmer
Amy Lawson, Corporate PR Dwight Burden
ENDS
ANNEX
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the persons discharging managerial
responsibilities
--- -------------------------------------------------------------------
a) Name 1. Vicki Bradin
2. Sandra Campopiano
3. Blair Crump
--- --------------------------- --------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status 1. General Counsel & Company
Secretary
2. Chief People Officer
3. President
--- --------------------------- --------------------------------------
b) Initial notification Initial notification
/Amendment
--- --------------------------- --------------------------------------
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 Ordinary Shares
the financial
instrument, type
of instrument
---
Identification ISIN: GB00B8C3BL03
code
b) Nature of the Grant of options over shares
transaction under The Sage Group plc Save
& Share Plan, exercisable
between 1 August 2020 and
1 February 2021.
--- --------------------------- --------------------------------------
c) Price(s) and Price Volume
volume(s) ------ -------
1 5.59 3,220
------ -------
2 5.59 1,610
------ -------
3 6.10 1,964
------ -------
--- ----------------------------------
d) Aggregated information N/A - single transaction
---
- Aggregated
volume
- Price
e) Date of the transaction 1 June 2017
--- --------------------------- --------------------------------------
f) Place of the Off-market
transaction
--- --------------------------- --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHEALKFELNXEFF
(END) Dow Jones Newswires
June 01, 2017 10:50 ET (14:50 GMT)
Sage (LSE:SGE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sage (LSE:SGE)
Historical Stock Chart
From Apr 2023 to Apr 2024