DIRECTOR/PDMR SHAREHOLDING
11 February 2025
The Sage Group plc. ("Sage")
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them
This notification relates to transactions notified in accordance with Article 19 of the UK Market Abuse Regulation.
On 7 February 2025, the PDMRs noted below, who are members of the Executive Leadership Team of Sage, were granted conditional share awards over ordinary shares of 14/77 pence each in Sage ("Shares") under The Sage Group plc Long Term Incentive Plan ("LTIP").
No price is payable by the PDMRs on either the grant or vesting of these share awards.
These share awards will vest on the date set out in the table below, subject to continued employment and/or performance conditions (as applicable). The vested shares of Steve Hare and Jonathan Howell will be subject to a two-year holding period after the vesting date and will be released on 2 December 2029.
These share awards are subject to malus (withholding) and clawback (recovery).
| PDMRs |
Number of Shares subject to LTIP awards (Performance) |
Number of Shares subject to LTIP awards (Underpin) |
Vest date |
Total number of Shares subject to share awards granted to PDMR |
| Steve Hare |
324,314 |
2 December 2027 |
324,314 |
|
| Jonathan Howell |
156,580 |
2 December 2027 |
156,580 |
|
| Walid Abu-Hadba |
3,736 |
2 December 2027 |
11,208 |
|
| 3,736 |
2 December 2027 |
|||
| 3,736 |
2 December 2027 |
| 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 share award under The Sage Group plc Long Term Incentive Plan |
|||
| c) |
Price(s) and volume(s) |
||||
| Price |
Volume |
||||
| Nil |
324,314 |
||||
| d) |
Aggregated information |
N/A - single transaction |
|||
| - Aggregated volume |
|||||
| - Price |
|||||
| e) |
Date of the transaction |
7 February 2025 |
|||
| f) |
Place of the transaction |
Outside a trading venue |
|||
| 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 /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 share award under The Sage Group plc Long Term Incentive Plan |
|||
| c) |
Price(s) and volume(s) |
||||
| Price |
Volume |
||||
| Nil |
156,580 |
||||
| d) |
Aggregated information |
N/A - single transaction |
|||
| - Aggregated volume |
|||||
| - Price |
|||||
| e) |
Date of the transaction |
7 February 2025 |
|||
| f) |
Place of the transaction |
Outside a trading venue |
|||
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
| a) |
Name |
Walid Abu-Hadba |
|||
| 2 |
Reason for the notification |
||||
| a) |
Position/status |
Chief Product 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 share award under The Sage Group plc Long Term Incentive Plan |
|||
| c) |
Price(s) and volume(s) |
||||
| Price |
Volume |
||||
| Nil |
11,208 |
||||
| d) |
Aggregated information |
N/A - single transaction |
|||
| - Aggregated volume |
|||||
| - Price |
|||||
| e) |
Date of the transaction |
7 February 2025 |
|||
| f) |
Place of the transaction |
Outside a trading venue |
|||
| Name of contact: |
Mohor Roy, Deputy Company Secretary |
| Telephone number of contact: |
+ 44(0) 203 810 7200 |