Director/PDMR Shareholding

RNS Number : 4266V
Sabre Insurance Group PLC
14 April 2021
 

14 April 2021

 

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

Notification of transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

 

Awards under the Company's Deferred Bonus Plan

Sabre Insurance Group plc ("Sabre") announces that the following transactions were undertaken by Directors and PDMRs in the ordinary shares of the Company on 12 April 2021 in connection with the maturity of the awards granted in 2019 under Sabre's 2017 Deferred Bonus Plan ("DBP").

 

In summary, for the 2019 DBP grant, each Director or PDMR deferred a proportion of their 2018 annual cash bonus into the DBP. The deferred bonus was used to purchase shares in the Company at a price of £2.894 per share ("DBP award shares") that were held in the Employee Trust for a two year deferral period. No performance conditions are attached to the DBP award shares. Further information on the DBP grant 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

Sale Price

(p)

Number of shares held in the Company post the transaction

Sabre shareholding as a % of issued share capital

Geoff Carter

Chief Executive Officer

50,421

50,421

259.73

1,575,955

0.63

James Ockenden Chief Actuary

31,513

31,513

259.73

788,746

0.32

Trevor Webb Claims Director

35,021

35,021

259.73

1,201,087

0.48

Adam Westwood Chief Financial Officer

28,362

28,362

259.73

658,320

0.26

 

Awards under the Company's Long Term Incentive Plan

Sabre further announces, that on 12 April 2021, the following transactions were undertaken by Directors and PDMRs in the ordinary shares of the Company in connection with the maturity of awards granted in 2018, under Sabre's 2017 Long Term Incentive Plan ("LTIP"). Sabre's Remuneration Committee resolved that the performance conditions attaching to these awards had been satisfied at 50% of the performance conditions, and therefore the awards will vest at 50%. Further information on the LTIP grant and performance against its performance conditions 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 LTIP's vesting are as follows:

Name and Job Title

Number of shares vested

Number of shares sold

Sale Price

(p)

Number of shares held in the Company post the transaction

Sabre shareholding as a % of issued share capital

Geoff Carter

Chief Executive Officer

93,144

93,144

259.73

1,575,955

0.63

Anneka Kingan

Chief Risk Officer & Company Secretary

14,903

7,030

259.73

8,472

0.003

James Ockenden Chief Actuary

46,572

46,572

259.73

788,746

0.32

Trevor Webb

Claims Director

51,229

51,229

259.73

1,201,087

0.48

Adam Westwood Chief Financial Officer

41,915

41,915

259.73

658,320

0.26

 

 

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 under the Company's Deferred Bonus Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£2.5973

50,421



d)

Aggregated Information

Volume

Price

 

Volume

Price per share

50,421

£2.5973

 

e)

Date of transaction

12 April 2021

f)

Place of transaction

London Stock Exchange (XLON)

 



 

PDMR transaction notification

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

James Ockenden  

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 under the Company's Deferred Bonus Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£2.5973

31,513

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

31,513

£2.5973

 

e)

Date of transaction

12 April 2021

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 under the Company's Deferred Bonus Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£2.5973

35,021

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

35,021

£2.5973 

 

e)

Date of transaction

12 April 2021

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 under the Company's Deferred Bonus Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£2.5973

28,362

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

28,362

£2.5973 

 

e)

Date of transaction

12 April 2021

f)

Place of transaction

London Stock Exchange (XLON)

 

 



 

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 awards under the Company's Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£2.5973

93,144

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

93,144

£2.5973

 

e)

Date of transaction

12 April 2021

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 awards under the Company's Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£2.5973

14,903 - vested of which 7,030 were sold



d)

Aggregated Information

Volume

Price

 

Volume

Price per share

14,903

£2.5973

 

e)

Date of transaction

12 April 2021

f)

Place of transaction

London Stock Exchange (XLON)

 

 

 



 

PDMR transaction notification

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

James Ockenden  

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 awards under the Company's Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£2.5973

46,572

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

46,572

£2.5973

 

e)

Date of transaction

12 April 2021

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 awards under the Company's Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£2.5973

51,229

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

51,229

£2.5973

 

e)

Date of transaction

12 April 2021

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 awards under the Company's Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£2.5973

41,915

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

41,915

£2.5973

 

e)

Date of transaction

12 April 2021

f)

Place of transaction

London Stock Exchange (XLON)

 

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