Sabre Insurance Group PLC — Director's Dealing 2021

Apr 14, 2021

National Storage Mechanism | Additional information

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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