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Sage Group PLC (SGE.L)

SGE.L on London Stock Exchange

693.40GBp
16 Oct 2019
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Latest Key Developments (Source: Significant Developments)

Sage Group Says Is Evaluating Potential Strategic Options For Sage Pay Business
Monday, 9 Sep 2019 

Sept 9 (Reuters) - Sage Group PLC ::THE SAGE GROUP PLC STATEMENT RE. PRESS COMMENT.NOTES RECENT MEDIA SPECULATION REGARDING A POSSIBLE DISPOSAL OF ITS SAGE PAY BUSINESS.CONFIRMS THAT EVALUATING POTENTIAL STRATEGIC OPTIONS FOR SAGE PAY BUSINESS INCLUDING A SALE.  Full Article

Sage Group Has Hired Bankers To Find Buyer For Co's Payment Processing Arm Sage Pay - Sky News
Monday, 9 Sep 2019 

Sept 9 (Reuters) - :SAGE GROUP HAS HIRED BANKERS TO FIND A BUYER FOR CO'S PAYMENT PROCESSING ARM SAGE PAY - SKY NEWS.  Full Article

Sage Group Q3 Group Organic Total Revenue Up 5.3% To £476 Mln
Thursday, 25 Jul 2019 

July 25 (Reuters) - Sage Group PLC ::TRADING UPDATE.Q3 GROUP ORGANIC TOTAL REVENUE INCREASED BY 5.3% TO £476M.Q3 RECURRING REVENUE INCREASED BY 11.4% TO £405M.SOFTWARE AND SOFTWARE RELATED SERVICES REVENUE DECLINED BY 15.5% TO £195M FOR FIRST NINE MONTHS OF YEAR.EXPECT FULL YEAR FY19 RECURRING REVENUE GROWTH TO SLIGHTLY EXCEED GUIDANCE OF 8-9%.EXPECT FY19 ORGANIC OPERATING PROFIT MARGIN TO BE AT LOWER END OF GUIDED RANGE OF 23-25%.  Full Article

Sage Group Proposes To Reduce "On Target" Bonus Payout For Executive Directors
Thursday, 14 Feb 2019 

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 

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 

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 

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

Deals of the day-Mergers and acquisitions

Sept 9 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: