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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-9.50 | -0.81% | 1,160.50 | 1,164.00 | 1,165.00 | 1,168.50 | 1,151.00 | 1,161.00 | 3,835,443 | 16:35:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Prepackaged Software | 2.18B | 211M | 0.2059 | 56.56 | 11.93B |
TIDMSGE
RNS Number : 2950K
Sage Group PLC
12 December 2018
DIRECTOR/PDMR SHAREHOLDING
12 December 2018
The Sage Group plc. (the Company)
Notification of Transactions of Persons Discharging Managerial Responsibilities
This notification relates to transactions notified in accordance with article 19 of the Market Abuse Regulation.
Further to announcement made by the Company on 4 December 2018, the Company confirms that on 11 December 2018 Jonathan Howell, who is a director and Chief Financial Officer of the Company, was granted a conditional award (the Buy Out Award) over ordinary shares of 1(4/77) pence each in The Sage Group plc (Sage Shares). The Buy Out Award constitutes a replacement award in respect of awards (the CB Awards) held by Jonathan Howell relating to his previous employment with Close Brothers Group plc (Close Brothers), which were forfeited by reason of his appointment with the Company. The Buy Out Award was granted over a number of Sage Shares equal in value to the value of the Close Brothers shares subject to the CB Awards, calculated by reference to the mid-market price of a Close Brothers share and a Sage Share on the day prior to the grant of the Buy Out Award.
The Buy Out Award will only vest to the extent that the CB Awards would have vested subject to the original Close Brothers performance conditions (the CB Performance Conditions) at the end of the relevant Close Brothers performance period. Following vesting, certain of the Sage Shares subject to the Buy Out Award will be subject a two-year holding period in line with the holding period which would have applied to the CB Awards. The relevant CB Performance Condition, and the maximum number of Sage Shares that may vest under each tranche of the Buy Out Award is set out below. No price is payable either on the grant or vesting the Buy Out Award. The terms of the Buy Out Award otherwise replicate the material terms of The Sage Group plc. Performance Share Plan, including in relation to malus and clawback, and the Buy Out Award is consistent with the Company's Directors' Remuneration Policy.
Tranche Vesting Date Relevant Performance Maximum number Conditions of shares vesting 4 October First 2019 SMP Matching Awards 2016 111,396 -------------- -------------------------- --------------- 4 October Second 2019 FY16 LTIP 102,383 -------------- -------------------------- --------------- 3 October Third 2020 FY17 LTIP 98,919 -------------- -------------------------- ---------------
ANNEX
Notifications and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Jonathan Howell --------------------------------------- --------------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------------------- a) Position/status Chief Financial 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 award over shares pursuant to the buyout of awards from previous employment --------------------------------------- --------------------------------------------- c) Price(s) and volume(s) -------------------- -------------------- Price(s) Volume(s) -------------------- -------------------- nil 312,698 ----------------------------------------------------------------- -------------------- d) Aggregated information N/A - single transaction - Aggregated volume - Price e) Date of the transactions 11 December 2018 --------------------------------------- --------------------------------------------- f) Place of the transactions Outside a trading venue --------------------------------------- ---------------------------------------------
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
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(END) Dow Jones Newswires
December 12, 2018 09:59 ET (14:59 GMT)
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