RNS Number : 5070P
Sabre Insurance Group PLC
22 May 2024
 

22 May 2024

 

Sabre Insurance Group plc ("Sabre" or the "Company")

Notification of transactions of Directors, Persons Discharging Managerial Responsibility ("PDMRs") or Connected Persons

 

Sabre announces that the following transactions were undertaken by Directors and PDMRs in the ordinary shares of the Company on 21 May 2024, in connection with the maturity of the awards granted in 2021 under Sabre's 2017 Long Term Incentive Plan ("LTIP").

 

Sabre's Remuneration Committee resolved that the pre-determined underpins had been met, and therefore the awards will vest at 100%. It is noted that the vested shares have a further two-year holding period, however participants were able to sell shares to cover the tax liability which arose on vesting.

 

Further information on the LTIP grant and performance against its pre-determined underpins can be found in the Company's Annual Report, which is available on the Company's website www.sabreplc.co.uk.

 

Details of the transactions following the DBP's vesting are as follows:

Name and Job Title

Number of shares vested

Number of shares sold

Price at Vesting and Sale

(p)

Number of shares held in the Company post the transaction

Sabre shareholding as a % of issued share capital

Geoff Carter

Chief Executive Officer

126,539

59,683

167.3356

1,712,196

0.69%

Anneka Kingan

Chief Risk Officer and Company Secretary

47,638

22,470

167.3356

62,510

0.03%

Trevor Webb Claims Director

78,790

37,162

167.3356

1,346,196

0.54%

Adam Westwood Chief Financial Officer

59,548

28,087

167.3356

717,728

0.29%

Matt Wright

Chief Actuary

48,220

22,744

167.3356

285,332

0.11%

 

This notification is made pursuant to Article 19 of the EU Market Abuse Regulation.

 

Additional Information:

Anneka Kingan - Company Secretary

Anneka.kingan@sabre.co.uk

LEI Code: 2138006RXRQ8P8VKGV98

 

 



 

PDMR transaction notification

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Geoff Carter  

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

 

Sabre Insurance Group Plc

b)

 

LEI

 

2138006RXRQ8P8VKGV98

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 of £0.001 each



Identification code

GB00BYWVDP49



b)

 

Nature of the transaction

 

 

Vesting and sale of awards to cover tax, under the Company's Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 Price per share

Volume

£0

126,539

£1.673356

59,683

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

126,539

£0

59,683

£1.673356

 

e)

Date of transaction

21 May 2024

f)

Place of transaction

London Stock Exchange (XLON)

 



 

PDMR transaction notification

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Anneka Kingan   

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Risk Officer and Company Secretary

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Sabre Insurance Group Plc

b)

 

LEI

 

2138006RXRQ8P8VKGV98

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 of £0.001 each



Identification code

GB00BYWVDP49



b)

 

Nature of the transaction

 

 

Vesting and sale of awards to cover tax, under the Company's Long Term Incentive Plan



 

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£0

47,638

£1.673356

22,470

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

47,638

£0

22,470

£1.673356

 

e)

Date of transaction

21 May 2024

f)

Place of transaction

London Stock Exchange (XLON)

 

 

 

 

 

 

 



 

PDMR transaction notification

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Trevor Webb  

2

 

Reason for the notification

 

a)

 

Position/status

 

Claims Director

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Sabre Insurance Group Plc

b)

 

LEI

 

2138006RXRQ8P8VKGV98

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 of £0.001 each



Identification code

GB00BYWVDP49



b)

 

Nature of the transaction 

Vesting and sale of awards to cover tax, under the Company's Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£0

78,790

£1.673356

37,162

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

78,790

£0

37,162

£1.673356

 

e)

Date of transaction

21 May 2024

f)

Place of transaction

London Stock Exchange (XLON)

 

 

 

 

 

 

 

 

 



 

PDMR transaction notification

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Adam Westwood  

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

 

Sabre Insurance Group Plc

b)

 

LEI

 

2138006RXRQ8P8VKGV98

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 of £0.001 each



Identification code

GB00BYWVDP49



b)

 

Nature of the transaction

 

 

Vesting and sale of awards to cover tax, under the Company's Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£0

59,548

£1.673356

28,087

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

59,548

£0

28,087

£1.673356

 

e)

Date of transaction

21 May 2024

f)

Place of transaction

London Stock Exchange (XLON)

 

 



 

PDMR transaction notification

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Matt Wright  

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Actuary

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Sabre Insurance Group Plc

b)

 

LEI

 

2138006RXRQ8P8VKGV98

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 of £0.001 each



Identification code

GB00BYWVDP49



b)

 

Nature of the transaction

 

 

Vesting and sale of awards to cover tax, under the Company's Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£0

48,220

£1.673356

22,744

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

48,220

£0

22,744

£1.673356

e)

Date of transaction

21 May 2024

f)

Place of transaction

London Stock Exchange (XLON)

 

 

 

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