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Sabre Insurance Group PLC Remuneration Information 2021
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 4807Z
Sabre Insurance Group PLC
21 May 2021
21 May 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 Long Term Incentive Plan
The Company announces that on 21 May 2021 the following directors and PDMRs of the Company were, subject to the rules of the Sabre 2017 Long Term Incentive Plan, 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 | 126,539 |
| Anneka Kingan | Chief Risk and Officer & Company Secretary | 47,638 |
| Trevor Webb | Claims Director | 78,790 |
| Adam Westwood | Chief Financial Officer | 59,548 |
| Matt Wright | Chief Actuary | 48,220 |
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% for the three financial years up to 31 December 2023;
· 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 three financial years up to 31 December 2023;
· that there has been no material intervention by a regulatory authority either initiated during the three financial years up to 31 December 2023 or related to it, that results in a Group Member being required by the relevant authority to undertake actions or remedial measures; and
· overall Committee discretion.
This notification is made pursuant to Article 19 of the EU Market Abuse Regulation.
Additional Information:
Anneka Kingan - Company Secretary
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 |
| 261.30 pence | 126,539 |
d)
Aggregated Information
Volume
Price
| Volume | Price per share |
| 126,539 | 261.30 pence |
e)
Date of transaction
21 May 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
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 |
| 261.30 pence | 47,638 |
d)
Aggregated Information
Volume
Price
| Volume | Price per share |
| 47,638 | 261.30 pence |
e)
Date of transaction
21 May 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
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 |
| 261.30 pence | 78,790 |
d)
Aggregated Information
Volume
Price
| Volume | Price per share |
| 78,790 | 261.30 pence |
e)
Date of transaction
21 May 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
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 |
| 261.30 pence | 59,548 |
d)
Aggregated Information
Volume
Price
| Volume | Price per share |
| 59,548 | 261.30 pence |
e)
Date of transaction
21 May 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
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 |
| 261.30 pence | 48,220 |
d)
Aggregated Information
Volume
Price
| Volume | Price per share |
| 48,220 | 261.30 pence |
e)
Date of transaction
21 May 2021
f)
Place of transaction
London Stock Exchange (XLON)
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