Sage Group PLC (SGE.L)

SGE.L on London Stock Exchange

16 Jan 2018
Change (% chg)

-6.60 (-0.81%)
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Latest Key Developments (Source: Significant Developments)

Sage Group sells U.S. payments unit for $260 mln
Friday, 2 Jun 2017 

June 2 (Reuters) - Sage Group Plc ::Disposal of North American payments business.Announces sale of its North American payments business to GTCR LLC.Says enterprise valuation for transaction is $260 mln of which $240 mln is payable as cash on completion and remaining $20 mln as deferred consideration.Transaction is subject to certain completion conditions and is expected to complete in next 3 months.Proceeds will be used to reduce net debt and invested in growth.  Full Article

Sage Group sees no material impact from Brexit on underlying performance
Tuesday, 26 Jul 2016 

Sage Group Plc : Group organic revenue increased by 6.0% in q3 . Weakening of sterling at end of q3 will generate a slight fx tailwind for FY16 if current exchange rates were to prevail for rest of year . Organic recurring revenue grew by 10.1% for year to date . Remains confident of meeting fy16 full year guidance: delivering at least 6% organic revenue growth and 27% organic operating margin. .Do not expect there to be a material impact from EU referendum on underlying operating performance of business.  Full Article

UK social housing deal with private equity giant sparks fears for tenants

LONDON, Jan 4 (Thomson Reuters Foundation) - Private equity giant Blackstone has struck a deal with UK social housing association Sage, sparking fears from campaigners that it will price out low-earning, elderly and sick tenants.