The Sage Group plc (LSE:SGE) announces a share repurchase program. Under the program, the company will repurchase up to £350 million worth of shares of its shares. The company has entered into non-discretionary arrangements with Morgan Stanley & Co.

International plc ("Morgan Stanley") and J.P. Morgan Securities plc ("J.P. Morgan") in relation to the purchase by the Brokers, acting as principals, of ordinary shares of Sage (the "Shares"). The purpose of the share buyback program is to reduce the share capital of Sage. All Shares repurchased will be cancelled.

The company is expected to end no later than April 23, 2024.