REG - Sabre Insurance Grp - Director/PDMR Shareholding
31/03/2023 15:45
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RNS Number : 0061V Sabre Insurance Group PLC 31 March 2023
31 March 2023
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 30 March 2023, in
connection with the maturity of the awards granted in 2021 under Sabre's 2017
Deferred Bonus Plan ("DBP").
Each Director or PDMR deferred half of their annual bonus from the financial
year ended 31 December 2020 into the DBP. The deferred bonus was used to
purchase shares in the Company at a price of 241.5 pence per share ("DBP award
shares"), which were then held in the Employee Benefit 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
(http://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 Number of shares held in the Company post the transaction Sabre shareholding as a % of issued share capital
(p)
Geoff Carter 69,610 33,587 111.540 1,645,340 0.65%
Chief Executive Officer
Anneka Kingan 34,083 16,378 111.540 37,342 0.01%
Chief Risk Officer and Company Secretary
Trevor Webb Claims Director 53,231 0* n/a 1,304,568 0.52%
Adam Westwood Chief Financial Officer 40,947 40,947 111.540 686,267 0.28%
Matt Wright 8,094 8,094 111.540 250,000 0.10%
Chief Actuary
* Mr Webb did not sell any shares and settled the tax liability which arose
from the award's vesting, directly with the Company.
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 (mailto: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 Deferred Bonus
Plan
c) Price(s) and volume(s) Price per share Volume
£0 69,610
£1.1154 33,587
d) Aggregated Information
Volume Price per share
Volume 69,610 £0
33,587 £1.1154
Price
e) Date of transaction 30 March 2023
f) Place of transaction London Stock Exchange (XLON)
d)
Aggregated Information
Volume
Price
Volume Price per share
69,610 £0
33,587 £1.1154
e)
Date of transaction
30 March 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 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 Deferred Bonus
Plan
c) Price(s) and volume(s)
Price per share Volume
£0 34,083
£1.1154 16,378
d) Aggregated Information
Volume Price per share
Volume 34,083 £0
16,378 £1.1154
Price
e) Date of transaction 30 March 2023
f) Place of transaction London Stock Exchange (XLON)
d)
Aggregated Information
Volume
Price
Volume Price per share
34,083 £0
16,378 £1.1154
e)
Date of transaction
30 March 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 Ordinary shares of £0.001 each
Identification code GB00BYWVDP49
b) Nature of the transaction Vesting of awards under the Company's Deferred Bonus Plan
c) Price(s) and volume(s)
Price per share Volume
£0 53,231
d) Aggregated Information
Volume Price per share
Volume 53,231 £0
Price
e) Date of transaction 30 March 2023
f) Place of transaction London Stock Exchange (XLON)
d)
Aggregated Information
Volume
Price
Volume Price per share
53,231 £0
e)
Date of transaction
30 March 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 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
£1.1154 40,947
d) Aggregated Information
Volume Price per share
Volume 40,947 £1.1154
Price
e) Date of transaction 30 March 2023
f) Place of transaction London Stock Exchange (XLON)
d)
Aggregated Information
Volume
Price
Volume Price per share
40,947 £1.1154
e)
Date of transaction
30 March 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 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
£1.1154 8,094
d) Aggregated Information
Volume Price per share
Volume 8,094 £1.1154
Price
e) Date of transaction 30 March 2023
f) Place of transaction London Stock Exchange (XLON)
d)
Aggregated Information
Volume
Price
Volume Price per share
8,094 £1.1154
e)
Date of transaction
30 March 2023
f)
Place of transaction
London Stock Exchange (XLON)
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