Sage Group PLC Transaction in Own Shares (1753G)

TIDMSGE

RNS Number : 1753G

Sage Group PLC

13 March 2020

 
                                           Transaction in own shares 
 The Sage Group plc ("Sage" or the "Company") today announces that on 13 March 2020 it purchased 
  a total of 252,000 of its ordinary shares of 1 / pence each, as further detailed below. 
 
                                                            Per Ordinary Share 
              Average price paid                            GBP5.8270 
                                                           -------------------------------------------- 
              Highest price paid                            GBP6.0020 
                                                           -------------------------------------------- 
              Lowest price paid                             GBP5.6520 
                                                           -------------------------------------------- 
 
 These share purchases form part of the Company's share buy-back programme, details of which 
  were announced on 12 March 2020. 
 In respect of this programme, which will operate until not later than 13 January 2021, Citigroup 
  Global Markets Limited ("Citigroup") and Morgan Stanley International ("Morgan Stanley") will 
  make trading decisions in relation to shares purchased independently of, and uninfluenced 
  by Sage. 
 Any such share purchases will be effected within certain pre-set parameters, and in accordance 
  with Sage's general authority to repurchase ordinary shares, Chapter 12 of the Listing Rules 
  and those provisions of Market Abuse Regulation 596/2014/EU dealing with buy-back programmes. 
 The Company will hold the purchased shares in treasury, to be used to meet obligations arising 
  from share option programmes or other allocations of shares to employees or directors. 
 Following the above transaction, the issued share capital of Sage consists 1,120,789,295 ordinary 
  shares of 1 / pence each, of which 29,649,899 ordinary shares of 1 / pence each would be held 
  in treasury. Therefore, the total exercisable voting rights in Sage will be 1,091,139,396. 
 The above figure 1,091,139,396 may be used by shareholders as the denominator for the calculations 
  by which they will determine if they are required to notify their interest in, or a change 
  to their interest in, Sage under the DTRs. In accordance with Article 5(1)(b) of Regulation 
  (EU) No 596/2014 (the Market Abuse Regulation), a schedule of individual trades by Citigroup 
  is available using the following link: 
 http://www.rns-pdf.londonstockexchange.com/rns/1753G_1-2020-3-13.pdf 
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March 13, 2020 13:25 ET (17:25 GMT)