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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sage Group Plc | LSE:SGE | London | Ordinary Share | GB00B8C3BL03 | ORD 1 4/77P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13.50 | 1.16% | 1,174.00 | 1,174.00 | 1,174.50 | 1,175.00 | 1,168.00 | 1,168.00 | 66,369 | 08:34:39 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Prepackaged Software | 2.18B | 211M | 0.2059 | 56.95 | 12.01B |
From Apr 2019 to Apr 2024
TIDMSGE
RNS Number : 6586G
Sage Group PLC
18 March 2020
Suspension of share buy-back programme
18 March 2020
The Sage Group plc ("Sage") today announces that, in light of the current COVID-19 pandemic, it has decided to suspend its recently announced share buy-back programme, in order to preserve a high level of liquidity.
Sage has a strong balance sheet and low debt, supported by a resilient, recurring revenue stream and robust cash flow generation. Whilst the impact of COVID-19 on Sage's business performance to date has been limited, the Board believes that given the highly uncertain economic outlook it is prudent to suspend the share buy-back.
The Board will consider restarting the share buy-back programme in due course.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014. The person responsible for making this announcement on behalf of Sage is Vicki Bradin (Company Secretary).
Enquiries
The Sage Group plc +44(0) 191 294 3457
Jonathan Howell, Chief Financial Officer
James Sandford, Investor Relations
Amy Lawson, Media
FTI Consulting +44(0) 20 3727 1000
Charles Palmer
Dwight Burden
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
MSCKKFBQNBKDPND
(END) Dow Jones Newswires
March 18, 2020 09:47 ET (13:47 GMT)
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