Director/PDMR Shareholding

RNS Number : 6650V
Sabre Insurance Group PLC
06 April 2023
 

6 April 2023

 

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

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

 

The Company announces that on 6 April 2023 the following directors and PDMRs of the Company were, subject to the rules of the Sabre 2017 Long Term Incentive Plan ('LTIP'), each granted a conditional award (the 'LTIP Award') of ordinary shares of £0.001 in the Company as detailed below:

 

Name

Position

Number of shares subject to award

Geoff Carter

Chief Executive Officer

314,371

Anneka Kingan

Chief Risk and Officer and Company Secretary

121,197

Trevor Webb

Claims Director

195,745

Adam Westwood

Chief Financial Officer

153,587

Matt Wright

Chief Actuary

126,161

 

The awards will vest on the third anniversary of their grant, and are subject to an additional retention period of two years, commencing on the awards' vesting date.

 

The vesting of the awards will be subject to the following underpins:

that the solvency coverage ratio of the Group (being the ratio of the Group's Solvency II net assets to its Solvency Capital Requirement, calculated before the final dividend is paid, expressed as a percentage) is maintained in excess of 140% over the LTIP Period

that the Group has achieved a Return On Tangible Equity (being the ratio of the Group's adjusted profit after tax to its average tangible equity, expressed as a percentage) in excess of 10% for each full reporting period which falls within the LTIP Period

that there has been no material intervention by a regulatory authority either initiated during the LTIP Period or related to it, that results in a Group Member being required by the relevant authority to undertake actions or remedial measures

overall Committee discretion

 

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

 



 

 

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

A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.



Identification code

GB00BYWVDP49



b)

 

Nature of the transaction

 

 

Grant of conditional award

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£1.154

314,371

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

314,371

£1.154

 

e)

Date of transaction

6 April 2023

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

A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.



Identification code

GB00BYWVDP49



b)

 

Nature of the transaction

 

 

Grant of conditional award

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£1.154

121,197

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

121,197

£1.154

 

e)

Date of transaction

6 April 2023

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

A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.



Identification code

GB00BYWVDP49



b)

 

Nature of the transaction

 

 

Grant of conditional award

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£1.154

195,745

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

195,745

£1.154

 

e)

Date of transaction

6 April 2023

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

A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.



Identification code

GB00BYWVDP49



b)

 

Nature of the transaction

 

 

Grant of conditional award

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£1.154

153,587

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

153,587

£1.154

 

e)

Date of transaction

6 April 2023

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

A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.



Identification code

GB00BYWVDP49



b)

 

Nature of the transaction

 

 

Grant of conditional award

c)

 

Price(s) and volume(s)

 

Price per share

Volume

£1.154

126,161

d)

Aggregated Information

Volume

Price

 

Volume

Price per share

126,161

£1.154

 

e)

Date of transaction

6 April 2023

f)

Place of transaction

London Stock Exchange (XLON)

 

 

 

 

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