DIRECTOR/PDMR SHAREHOLDING
21 June 2023
The Sage Group plc. ("Sage")
Notification of Transactions by Persons Discharging Managerial Responsibilities
This notification relates to transactions notified in accordance with Article 19 of the UK Market Abuse Regulation.
Sage announces that on 16 June 2023 it granted options (the "Options") over a total of 1,579,315 ordinary shares of 14/77 pence each to 2,088 employees, pursuant to the rules of The Sage Save and Share Plan (the "Plan").
The invitation to join the Plan was made available to all eligible employees of Sage in countries participating in the Plan in 2023, who were employed on or before 10 May 2023. Employees are limited to a maximum saving of £500 per month (or equivalent in local currency) over the period of the Plan. The grant of Options amounts to 0.1435% of Sage's issued share capital as at 16 June 2023. The exercise of Options on maturity is not dependent upon performance criteria.
The Options for UK participants are exercisable between 1 August 2026 and 31 January 2027 with the exercise price 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 2023 and is £6.90 pence per ordinary share.
The following PDMRs have applied to participate in the Plan and are included in the totals above as follows:
| PDMRs | Participating country | Number of Options granted | Option price per ordinary share |
| Steve Hare | UK | 2,608 | £6.90 |
| Amanda Cusdin | UK | 521 | £6.90 |
| Derk Bleeker | UK | 2,608 | £6.90 |
| Amy Lawson | UK | 521 | £6.90 |
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Steve Hare
| |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Chief Executive Officer
| |||
| 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
| Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2026 and 31 January 2027 | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price | Volume | | |
| | | Nil | 2,608 |
| |
| | | | | | |
| d)
| Aggregated information | N/A - single transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 16 June 2023 | |||
| f)
| Place of the transaction
| Outside a trading venue | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Amanda Cusdin
| |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Chief People Officer
| |||
| 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
| Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2026 and 31 January 2027 | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price | Volume | | |
| | | Nil | 521 | | |
| | | | |
| |
| d)
| Aggregated information | N/A - single transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 16 June 2023 | |||
| f)
| Place of the transaction
| Outside a trading venue | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Derk Bleeker
| |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| President - EMEA
| |||
| 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
| Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2026 and 31 January 2027 | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price | Volume | | |
| | | Nil | 2,608 | | |
| | | | |
| |
| d)
| Aggregated information | N/A - single transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 16 June 2023 | |||
| f)
| Place of the transaction
| Outside a trading venue | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Amy Lawson
| |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Chief Corporate Affairs Officer | |||
| 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
| Grant of Options over ordinary shares under The Sage Save and Share Plan, exercisable between 1 August 2026 and 31 January 2027 | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price | Volume | | |
| | | Nil | 521 | | |
| | | | |
| |
| d)
| Aggregated information | N/A - single transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 16 June 2023 | |||
| f)
| Place of the transaction
| Outside a trading venue | |||
| Name of contact: | Mohor Roy |
| Telephone number of contact: | +44(0) 203 810 7200 |
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