REG - Sabre Insurance Grp - Director/PDMR Shareholding
08/04/2025 16:00
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RNS Number : 1810E Sabre Insurance Group PLC 08 April 2025
8 April 2025
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 8 April 2025 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 306,131
Anneka Kingan Chief Risk and Officer and Company Secretary 118,020
Trevor Webb Claims Director 190,614
Adam Westwood Chief Financial Officer 149,561
Matt Wright Chief Actuary 149,561
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; and
· 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 (mailto: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
£1.294 306,131
d) Aggregated Information
Volume Price per share
Volume 306,131 £1.294
Price
e) Date of transaction 8 April 2025
f) Place of transaction London Stock Exchange (XLON)
d)
Aggregated Information
Volume
Price
Volume Price per share
306,131 £1.294
e)
Date of transaction
8 April 2025
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
£1.294 118,020
d) Aggregated Information
Volume Price per share
Volume 118,020 £1.294
Price
e) Date of transaction 8 April 2025
f) Place of transaction London Stock Exchange (XLON)
d)
Aggregated Information
Volume
Price
Volume Price per share
118,020 £1.294
e)
Date of transaction
8 April 2025
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
£1.294 190,614
d) Aggregated Information
Volume Price per share
Volume 190,614 £1.294
Price
e) Date of transaction 8 April 2025
f) Place of transaction London Stock Exchange (XLON)
d)
Aggregated Information
Volume
Price
Volume Price per share
190,614 £1.294
e)
Date of transaction
8 April 2025
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
£1.294 149,561
d) Aggregated Information
Volume Price per share
Volume 149,561 £1.294
Price
e) Date of transaction 8 April 2025
f) Place of transaction London Stock Exchange (XLON)
d)
Aggregated Information
Volume
Price
Volume Price per share
149,561 £1.294
e)
Date of transaction
8 April 2025
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
£1.294 149,561
d) Aggregated Information
Volume Price per share
Volume 149,561 £1.294
Price
e) Date of transaction 8 April 2025
f) Place of transaction London Stock Exchange (XLON)
d)
Aggregated Information
Volume
Price
Volume Price per share
149,561 £1.294
e)
Date of transaction
8 April 2025
f)
Place of transaction
London Stock Exchange (XLON)
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