TIDMSGE

RNS Number : 5323C

Sage Group PLC

17 June 2019

17 June 2019

The Sage Group plc

The Sage Group plc ("Sage") announces that on 14 June 2019 it granted options ("Options") over a total of 1,002,584 ordinary shares of 1(4/77) pence each ("Ordinary Shares") to 1,655 employees pursuant to the all-employee Sage Save & Share Plan (the "Plan").

The Options are exercisable between 1 August 2022 and 31 January 2023. 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 23 May 2019 and is 604 pence per Ordinary Share*. The invitation to join the plan was made available to all employees globally, who were employed on or before 7 May 2019. 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 0.0895% of the Company's issued share capital as at 14 June 2019. The exercise of options on maturity is not dependent upon performance criteria.

The following PDMRs and PCA have applied to participate in the Plan and are included in the totals above as follows:

 
 Name                        No. of options granted 
                              at 604** pence per 
                              share 
 Amanda Cusdin               894 
                            ----------------------- 
 Steve Hare                  2,980 
                            ----------------------- 
 Lee Perkins                 2,980 
                            ----------------------- 
 Ron McMurtrie               1,873 
                            ----------------------- 
 Robert Reid                 20 
                            ----------------------- 
 Nikola McNicol-Kenney***    1,490 
                            ----------------------- 
 

*Participants in the US have an exercise price of 652 pence per share.

The US exercise price was set at a 15% discount to the average middle market quotation of the three dealing days prior to the grant date of the Plan on 14 June 2019.

US participants have a 2-year savings period and options are exercisable between 1 August 2021 and 31 August 2021.

** Ron McMurtrie and Robert Reid are participating under the terms of the US Schedule to the Plan at an exercise price of 652 pence per share.

***PCA to Lee Perkins

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                                           Amanda Cusdin 
     ----------------------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status                                Chief People Officer 
     ----------------------------------------  ------------------------------------------- 
 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 the                        Ordinary Shares 
       financial instrument, 
       type of instrument 
 
      Identification code                       ISIN: GB00B8C3BL03 
 
 b)   Nature of the transaction                 Grant of options over shares under 
                                                 The Sage Group plc Save & Share Plan, 
                                                 exercisable between 1 August 2022 and 
                                                 31 January 2023. 
     ----------------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)                       Price   Volume 
                                                    604p    894 
                                                           ------- 
                                                 --------------------------------------- 
 
 
 
 d)   Aggregated information                    N/A - single transaction 
 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction                   14 June 2019 
     ----------------------------------------  ------------------------------------------- 
 f)   Place of the transaction                  Off-market 
     ----------------------------------------  ------------------------------------------- 
 
 
 1    Details of the persons discharging managerial responsibilities 
 a)   Name                                           Steve Hare 
     ----------------------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status                                Chief Executive Officer 
     ----------------------------------------  ------------------------------------------- 
 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 the                        Ordinary Shares 
       financial instrument, 
       type of instrument 
 
      Identification code                       ISIN: GB00B8C3BL03 
 
 b)   Nature of the transaction                 Grant of options over shares under 
                                                 The Sage Group plc Save & Share Plan, 
                                                 exercisable between 1 August 2022 and 
                                                 31 January 2023. 
     ----------------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)                       Price   Volume 
                                                    604p    2,980 
                                                           ------- 
                                                 --------------------------------------- 
 
 
 
 d)   Aggregated information                    N/A - single transaction 
 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction                   14 June 2019 
     ----------------------------------------  ------------------------------------------- 
 f)   Place of the transaction                  Off-market 
     ----------------------------------------  ------------------------------------------- 
 
 
 1    Details of the persons discharging managerial responsibilities 
 a)   Name                                           Lee Perkins 
     ----------------------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status                                Chief Product Officer 
     ----------------------------------------  ------------------------------------------- 
 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 the                        Ordinary Shares 
       financial instrument, 
       type of instrument 
 
      Identification code                       ISIN: GB00B8C3BL03 
 
 b)   Nature of the transaction                 Grant of options over shares under 
                                                 The Sage Group plc Save & Share Plan, 
                                                 exercisable between 1 August 2022 and 
                                                 31 January 2023. 
     ----------------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)                       Price   Volume 
                                                    604p    2,980 
                                                           ------- 
                                                 --------------------------------------- 
 
 
 
 d)   Aggregated information                    N/A - single transaction 
 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction                   14 June 2019 
     ----------------------------------------  ------------------------------------------- 
 f)   Place of the transaction                  Off-market 
     ----------------------------------------  ------------------------------------------- 
 
 
 1    Details of the persons discharging managerial responsibilities 
 a)   Name                                           Ron McMurtrie 
     ----------------------------------------  ------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------- 
 a)   Position/status                                Chief Marketing and Business Enablement 
                                                      Officer 
     ----------------------------------------  ------------------------------------------------- 
 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 the                        Ordinary Shares 
       financial instrument, 
       type of instrument 
 
      Identification code                       ISIN: GB00B8C3BL03 
 
 b)   Nature of the transaction                 Grant of options over shares under 
                                                 The Sage Group plc Save & Share Plan, 
                                                 exercisable between 1 August 2021 and 
                                                 31 August 2021. 
     ----------------------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)                       Price   Volume 
                                                    652p    1,873 
                                                           ------- 
                                                 --------------------------------------------- 
 
 
 
 d)   Aggregated information                    N/A - single transaction 
 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction                   14 June 2019 
     ----------------------------------------  ------------------------------------------------- 
 f)   Place of the transaction                  Off-market 
     ----------------------------------------  ------------------------------------------------- 
 
 
 1    Details of the persons discharging managerial responsibilities 
 a)   Name                                           Robert Reid 
     ----------------------------------------  ---------------------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------------------------------- 
 a)   Position/status                                Chairman Mid-Market Solutions and Managing 
                                                      Director, Sage Intacct 
     ----------------------------------------  ---------------------------------------------------- 
 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 the                        Ordinary Shares 
       financial instrument, 
       type of instrument 
 
      Identification code                       ISIN: GB00B8C3BL03 
 
 b)   Nature of the transaction                 Grant of options over shares under 
                                                 The Sage Group plc Save & Share Plan, 
                                                 exercisable between 1 August 2021 and 
                                                 31 August 2021. 
     ----------------------------------------  ---------------------------------------------------- 
 c)   Price(s) and volume(s)                       Price   Volume 
                                                    652p    20 
                                                           ------- 
                                                 ------------------------------------------------ 
 
 
 
 d)   Aggregated information                    N/A - single transaction 
 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction                   14 June 2019 
     ----------------------------------------  ---------------------------------------------------- 
 f)   Place of the transaction                  Off-market 
     ----------------------------------------  ---------------------------------------------------- 
 
 
 1    Details of the persons discharging managerial responsibilities/ 
       person closely associated 
 a)   Name                                           Nikola McNicol-Kenney 
     ----------------------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status                                PCA to Lee Perkins 
     ----------------------------------------  ------------------------------------------- 
 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 the                        Ordinary Shares 
       financial instrument, 
       type of instrument 
 
      Identification code                       ISIN: GB00B8C3BL03 
 
 b)   Nature of the transaction                 Grant of options over shares under 
                                                 The Sage Group plc Save & Share Plan, 
                                                 exercisable between 1 August 2022 and 
                                                 31 January 2023. 
     ----------------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)                       Price   Volume 
                                                    604p    1,490 
                                                           ------- 
                                                 --------------------------------------- 
 
 
 
 d)   Aggregated information                    N/A - single transaction 
 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction                   14 June 2019 
     ----------------------------------------  ------------------------------------------- 
 f)   Place of the transaction                  Off-market 
     ----------------------------------------  ------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHEAKKXFDSNEFF

(END) Dow Jones Newswires

June 17, 2019 12:38 ET (16:38 GMT)

Sage (LSE:SGE)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Sage Charts.
Sage (LSE:SGE)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Sage Charts.