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Sage Group PLC (SGE.L)

SGE.L on London Stock Exchange

725.80GBp
3:39am EDT
Change (% chg)

0.20 (+0.03%)
Prev Close
725.60
Open
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Day's Low
723.80
Volume
59,116
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2,394,542
52-wk High
737.80
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491.30

Latest Key Developments (Source: Significant Developments)

Sage Group Proposes To Reduce "On Target" Bonus Payout For Executive Directors
Thursday, 14 Feb 2019 07:48am EST 

Feb 14 (Reuters) - Sage Group PLC ::SAGE GROUP PLC - PROPOSED CHANGES TO DIRECTORS' REMUNERATION POLICY.SAGE GROUP PLC - CONFIRM A CHANGE TO 2019 POLICY WHICH WILL BE PUT TO A SHAREHOLDER VOTE AT AGM.SAGE GROUP PLC - PROPOSES TO REDUCE "ON TARGET" BONUS PAYOUT FOR EXECUTIVE DIRECTORS FROM 70% TO 50%.SAGE GROUP PLC - NO CHANGES ARE PROPOSED TO "BELOW THRESHOLD PERFORMANCE" AND "MAXIMUM" SCENARIOS SET OUT IN TABLE ON PAGE 112..  Full Article

Sage Group Announces Disposal Of U.S. Payroll Outsourcing Business
Tuesday, 15 Jan 2019 08:01am EST 

Jan 15 (Reuters) - Sage Group PLC ::SAGE GROUP PLC - DISPOSAL OF US PAYROLL OUTSOURCING BUSINESS.SAGE GROUP PLC - ENTERED INTO AN AGREEMENT FOR SALE OF SPR TO ISOLVED HCM, LLC.SAGE GROUP PLC - TOTAL SALE CONSIDERATION IS APPROXIMATELY £78M.SAGE GROUP PLC - EXPECTS TO REPORT A STATUTORY PROFIT ON DISPOSAL OF APPROXIMATELY £23M ON COMPLETION.SAGE GROUP PLC - PROCEEDS WILL BE INVESTED FOR GROWTH AND USED TO REDUCE NET DEBT.SAGE GROUP PLC - SALE CONSIDERATION INCLUDES £73M PAYABLE IN CASH ON COMPLETION AND REMAINING £5M REPRESENTS CONTINGENT CONSIDERATION.  Full Article

Sage Group Says Stephen Kelly Steps Down As CEO
Friday, 31 Aug 2018 02:00am EDT 

Aug 31 (Reuters) - Sage Group PLC ::BOARD AND STEPHEN KELLY, CHIEF EXECUTIVE OFFICER, HAVE COME TO AN AGREEMENT AND STEPHEN HAS STEPPED DOWN AS A DIRECTOR AND CEO.CONTINUES TO TRADE IN LINE WITH PREVIOUS FY18 GUIDANCE OF AROUND 7 PCT ORGANIC REVENUE GROWTH AND AROUND 27.5 PCT ORGANIC OPERATING MARGIN.APPOINTED STEVE HARE, CHIEF FINANCIAL OFFICER, TO ADDITIONAL POST OF COO ON AN INTERIM BASIS. IN HIS POSITION AS CFO AND INTERIM COO.STEVE HARE WILL HAVE FULL EXECUTIVE AUTHORITY TO RUN BUSINESS UNTIL APPOINTMENT OF NEW CEO.  Full Article

Accountants Adoption Of AI Expected To Increase As Clients' Expectations Shift
Thursday, 15 Mar 2018 09:00am EDT 

March 15 (Reuters) - Sage Group Plc ::ACCOUNTANTS ADOPTION OF ARTIFICIAL INTELLIGENCE EXPECTED TO INCREASE AS CLIENTS’ EXPECTATIONS SHIFT.  Full Article

Sage Group completes acquisition of Intacct Corp
Thursday, 3 Aug 2017 11:43am EDT 

Aug 3 (Reuters) - SAGE GROUP PLC ::CONFIRMS ACQUISITION OF INTACCT CORPORATION HAS NOW BEEN COMPLETED.  Full Article

Sage Group completes disposal of North American payments business
Tuesday, 1 Aug 2017 12:27pm EDT 

Aug 1 (Reuters) - SAGE GROUP PLC ::COMPLETES DISPOSAL OF NORTH AMERICAN PAYMENTS BUSINESS.  Full Article

Sage Group confirms full year organic revenue growth of at least 6%
Tuesday, 25 Jul 2017 12:00pm EDT 

July 25 (Reuters) - SAGE GROUP PLC ::SAYS Q3 GROUP ORGANIC REVENUE INCREASED BY 6.3 PCT.RECONFIRMS CURRENT GUIDANCE FOR FULL YEAR OF AT LEAST 6 PCT ORGANIC REVENUE GROWTH.SAYS ORGANIC RECURRING REVENUE FOR FIRST NINE MONTHS GREW BY 9.3 PCT.SAYS NET DEBT OF 415 MLN STG AS AT 30 JUNE 2017.  Full Article

Sage Group agrees to acquire Intacct Corporation
Tuesday, 25 Jul 2017 12:00pm EDT 

July 25 (Reuters) - SAGE GROUP PLC ::SAYS HAS AGREED TO ACQUIRE INTACCT CORPORATION.SAYS TOTAL CONSIDERATION IS $850M (£654M ) TO BE PAID IN CASH AND ROLLED OVER SAGE OPTIONS.SAYS TRANSACTION IS EXPECTED TO COMPLETE WITHIN WEEKS.  Full Article